Health sector in North Macedonia – the analysis of the economic impact

Timotej Jagric*, Stefan Otto Grbenic, Vita Jagric

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review


This paper analyses the economic impact of the healthcare sector in North Macedonia. We calculate various types of multipliers for the years 2010 and 2015 employing the methodology of input-output tables. The results indicate that additional spending into the healthcare sector has above-average stimulus effects on the national economy. Furthermore, we explore the ranking of the various sectors in the national economy concerning their multipliers’
values, finding the healthcare sector to rank high. The results are in line with theoretical expectations based upon the findings of previous studies on the economic footprints of healthcare sectors in other European countries.
Original languageEnglish
Pages (from-to)281-296
Number of pages16
JournalInternational Journal of Sustainable Economy
Issue number3
Publication statusPublished - 15 Nov 2020


  • Economic footprint
  • Healthcare sector
  • Input-output tables
  • Multipliers
  • Sustainability

ASJC Scopus subject areas

  • Development
  • Economics and Econometrics
  • Management of Technology and Innovation
  • Business and International Management
  • Finance

Fields of Expertise

  • Sonstiges

Treatment code (Nähere Zuordnung)

  • My Favorites
  • Application
  • Theoretical


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