REGIONAL EMPLOYEES PERCEPTIONS ON DECENT WORK AND ECONOMIC GROWTH: LABOUR MARKET OF ALBANIA AND KOSOVO

Filipos RUXHO

Professor Ass. Dr., Department of Business and Management, Universum College, Kosovo.

filip.ruxho@universum-ks.org

Christos Ap. LADIAS

Professor, Regional Science Inquiry Journal

ladias@rsijournal.eu

Ali TAFARSHIKU

Deputy Minister, Ministry of Regional Development of Kosovo.

ali.tafarshiku@rks-gov.net

Edib ABAZI

Professor Ass. Dr., Department of Law, Social and Political Studies, Universum College, Kosovo.

edib.abazi@universum-ks.org

Corresponding Author

Abstract

This research paper is a continuum of our previous research that aimed to identify key perceptions of targeted employees towards decent work and economic growth in labour market of Albania and Kosovo. The key components of SDG 8 – economic growth, basic living costs, equal treatment, safety and security at workplace, and integrity and wellbeing are measured. The questionnaire is used for the study purposes of the research.  The sample consists of 350 respondents. Findings reveal that there are alarming differences on perceptions of respondents in terms of decent work between two regional labour markets. The labour market in Albania suffers from weak treatment of employees at workplace; ensuring safe and secured working environment and low promotion of wellbeing and integrity of employees in workplace. The dimension of economic growth and basic living cost is of concern for both labour markets. Consequently, it is strongly recommended that both states address decent work in labour markets of Albania and Kosovo with priority. State instruments shall be enforced to closely cooperate with employee’s organizations and syndicates and work on elimination of core barriers that disable employees to feel equally treated at workplace, or safe and secured at workplace or having their integrity and wellbeing protected so that quality of working environment improves and involvement and productivity of employees grows.

Keywords: abour market, economic growth, decent work

JEL classification: J30, J40, R10, R11, R23, O10

 pp. 13-23

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HOW AND HOW MUCH DIGITALIZATION AFFECTED ENTERPRISE PERFORMANCE DURING COVID-19 PANDEMIC

Ermira KALAJ

University “Luigj Gurakuqi”, Shkoder, Albania

ermira.kalaj@unishk.edu.al

ORCID: 0000-0003-4692-6055

Erjola BARBULLUSHI

University “Luigj Gurakuqi”, Shkoder, Albania

erjola.barbullushi@unishk.edu.al

Abstract

This paper focuses on the analyses of digitalization of enterprises and its performance impact in Albania. Using World Bank Enterprise Survey of 2019 merged with the ES follow-up on Covid-19 for Albania we investigate on the overall performance of enterprises during Covid-19 pandemic and the role of digitalization. The objective of the survey is to better understand the firm’s experience in the private sector. Collected data are based on firms’ experiences and perception of the environment in which they operate.

The paper uses these specific questions to study digitalization prior to and during Covid-19 pandemic. ES questionnaires focus on the following questions: (1) Does the establishment have its own website? (2) Started or increased business activity online? (3) Started or increased remote work arrangement for its workforce? The dependent variable is performance of the enterprises measured in terms of sales growth, employment growth, closure, and production adjustment. While the vector of independent variables is composed by enterprise characteristics such as firm size, ownership structure, legal status, region, etc. Moreover, dummy variables are used to capture access to formal banking service, and gender ownership.

Keywords: Firm Performance, Entrepreneurship, Digitalization, General Regional Economics

JEL classification: L25, L26, L86, R15

pp. 97-108

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RENEWABLE ENERGY PROJECT APPRAISAL USING THE REAL OPTIONS METHODOLOGY

Vasileios PAPADIMITRIOU

Researcher, Department of Regional Development and Planning, University of Thessaly, Volos, Greece

vasil.papadimitriou@gmail.com

Serafeim POLYZOS

Professor, Department of Regional Development and Planning, University of Thessaly, Volos, Greece

spolyzos@uth.gr

Dimitrios TSIOTAS

Assistant Professor, Department of Regional and Economic Development, School of Applied Economics and Social Sciences, Agricultural University of Athens, Amfissa, Greece

tsiotas@aua.gr

Abstract

Renewable energy sources (RES) are characterized as clean forms of energy and come directly or indirectly from the impact of solar energy on the environment. The overall process of planning, designing, constructing, and operating renewable energy projects involves complex uncertainties and risks, which are difficult to analyze and evaluate effectively through traditional investment appraisal methods. Each RES project presents different types of uncertainties, which are categorized as external and internal. The Real Options (RO) theory for evaluating investments in RES projects can provide additional investment options at different stages of the projects, enhancing flexibility and improving the decision-making ability of a company’s management.

This paper summarizes the specifics governing RES projects, the main characteristics of the RO methodology, and an overall framework for its application to RES projects. This framework is used to evaluate an investment in a 500kWp photovoltaic (PV) park in Greece. The uncertainties selected for the analysis of the RO methodology are the electricity sales price and the production from the specific PV project. In addition, the options/rights of the investor that are considered, are to continue or abandon the investment in each phase of the project implementation. The results, based on the current data and have included the possible fluctuation in the values of the two aforementioned uncertainties, show that investing in a PV project of similar size and technology in Greece is advantageous and worth undertaking. The intention to finance a large proportion of the investment by the banks plays an important role in this.

Keywords: project appraisal methods, real options theory, renewable energy projects, risk and uncertainty analysis, construction project management

JEL classification: R3, R5, R38,

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