Dragan Tevdovski is economist with 15+ years’ experience in both public sector and academic institutions contributing policy recommendations and research. As Minister for Finance in the Government of the Republic of North Macedonia created the first country’s public financial management (PFM) reform strategy in 2017. During the term (2017-2019), with strong support of the World Bank, IMF, EU and USA, the Ministry of finance implemented various reforms that commit to accountable governance. As a result, at the end of the term (2019), the country improved credit rating for the first time since 2006 (after 13 years).
He has a strong experience in programs and projects funded by UN system of organizations. He was Advisor to Executive Director at the International Monetary Fund in Washington DC in the period 2020 – 2022. In addition, he was member of the Committee for the integration of the Republic of North Macedonia in NATO, as well as Governor for the Republic of North Macedonia in the World Bank and in the European Bank for Reconstruction and Development.
He is a Full-time Professor at the Faculty of Economics – Skopje, University “St. Cyril and Methodius”, teaching the following courses: Statistics for business and economics; Quantitative methods in finance (undergraduate level); Demographic methods and analysis; Time series analysis (postgraduate level) and Statistical analysis (doctoral level). He won of the Best Scientist Award at the University St. Cyril and Methodius in the field of social sciences in 2015. He was also multiple times selected as one of the most inspiring professors in North Macedonia by the students’ surveys (Fakulteti.mk).
Professor Dragan Tevdovski research focuses on applied econometrics, finance and macroeconomic policies. His articles have been published in various international journals, indexed in Web of Science or Scopus. He is author of two university textbooks: Introduction in time series analysis and Statistics for business and economics, as well as one book: The way forward.
He has a Post-Doc. at the Center for Research in Econometric Analysis of Time Series (CREATES), Aarhus University in Denmark (2014), Ph.D. in Economics from the Faculty of Economics, University “St. Cyril and Methodius” (2010), and M.Sc. in Statistical Analysis, from the Faculty of Economics, University of Belgrade, Serbia (2006).
Selected Articles in Refereed Journals:
- “The effects of macroeconomic policies under fixed exchange rates: A Bayesian VAR analysis,” (with Goran Petrevski and Jane Bogoev), Ekonomska istrazivanja – Economic Research, 32(1): 2138-2169, 2019. Taylor and Francis. DOI: https://doi.org/10.1080/1331677X.2019.1579661
- “The impact of crisis on the innovation systems in Europe: Evidence from the CIS10 Innovation Survey?,” (with Katerina Toshevska Trpcevska, Elena Makrevska Disovska and Viktor Stojkoski), European Review, 27(4): 543-562, 2019. Cambridge University Press. DOI: https://doi.org/10.1017/S1062798719000218
- “Evidence of innovation performance in the period of economic recovery in Europe” (with Elena Makrevska Disovska, Katerina Toshevska Trpcevska and Viktor Stojkoski), Innovation: The European Journal of Social Science Research, 2018. Taylor and Francis. DOI: https://doi.org/10.1080/13511610.2018.1524288
- “What is the role of innovation in productivity growth in Central and Eastern European countries?,” (with Katerina Toshevska Trpcevska and Elena Makrevska Disovska), Economics of Transition, 25(3): 527-551, 2017. Wiley. DOI: https://doi.org/10.1111/ecot.12121
- “Fiscal and Monetary Policy Effects in Three South Eastern European Economies,” (with Goran Petrevski and Jane Bogoev), Empirical Economics, 50(2): 415-441, 2016. Springer. DOI: https://doi.org/10.1007/s00181-015-0932-0
- “The transmission of foreign shocks to the South Eastern European economies: A Bayesian VAR approach,” (with Goran Petrevski, Jane Bogoev and Peter Exterkate) Economic Systems, 39 (4): 632-643, 2015. Elsevier. DOI: https://doi.org/10.1016/j.ecosys.2015.04.003
- “The transmission of foreign shocks to the South Eastern European economies,” (with Goran Petrevski, and Jane Bogoev), Empirica, 42(4): 747-767. Springer Science. DOI: https://doi.org/10.1007/s10663-014-9275-x
- “Trade Facilitation Indicators and their Potential Impact on Trade between the Countries of South-eastern Europe,” (with Katerina Tosevska-Trpcevska), Scientific Annals of Economics and Business 63(3): 347-362, 2016. De Gruyter. DOI: 10.1515/saeb-2016-0127.
- “Nairu Estimates in Transitional Economy with Extremely High Unemployment Rate: The Case of Republic of Macedonia,” (with Predrag Trpevski), Economic Annals, Vol. LX, No.206, 2015. Faculty of Economics – Belgrade. DOI: 10.2298/EKA1506167T
- “Income Inequality in Macedonia: Mechanisms and Solutions” CEA Journal of Economics 10(2): 57-66, 2015. Center for Economic Analyses.
- “Decent Work for the Western Balkans Country Stuck in the Neo-liberal Doctrine: The Case of the Republic of Macedonia,” Global Labour Journal, 6(2): 203-220. McMaster University.
- “Measuring the Effects of Customs and Administrative Procedures on Trade: Gravity Model for South-Eastern Europe,” (with Katerina Tosevska-Trpcevska), Croatian Economic Survey, 2014, 16(1): 109-127. The Institute of Economics, Zagreb.
- “The Day of the Week Effect in South Eastern Europe Stock Markets,” (with Martin Mihajlov, and Igor Sazdovski), Annals of the Constantin Brancusi University, Economic Series, 2012, 3: 20-24. Constantin Brancusi University.
- “Organizational Learning Culture and Organizational Performance in Macedonian Companies,” (with Škerlavaj, Miha, Vlado Dimovski, Matej Černe, Ljubomir Kekenovski and Marija Trpkova), European Journal of International Management, 2011, 5(6): 574-607. Inderscience Publishers.
- “Cox Regression Models for Unemployment Duration in Romania, Austria, Slovenia, Croatia, and Macedonia,” (with Boršič, Darja, Alenka Kavkler, Daniela Emenuela Danacica, Ana-Gabriela Babucea, Bernhard Bohm, Ivo Bičanic, and Katerina Tosevska), Romanian Journal for Economic Forecasting, 2009: 6(2): 81-104. Institute for Economic Forecasting.
Selected Articles in Books:
- “Stock Market Efficiency in South Eastern Europe: Testing Return Predictability and Calendar Effects,” (with Vladimir Filipovski), in Sergi, B., Fidanoski, F., Ziolo, M., Naumovski, V. eds. Regaining Global Stability after the Financial Crisis, 2018, IGI Global.
- “A Coherent Growth Policy for Macedonia”, in Brandle, M. and Weichert, M. eds. A New Economic Agenda for Southeast Europe, 2018, pp. 107-118. Friedrich Ebert Stiftung.
- “Minimum Income Programme in the Republic of Macedonia”, (with Mila Carovska), in Starova, N., and Tevdovski, D. eds. New Perspectives for Economic and Social Development of the Republic of Macedonia, 2016, pp. 171-186. Friedrich Ebert Stiftung.
- “Kako smanjiti nejednakost na Zapadnom Balkanu?”, in Orlovic, S., Socijalna demokratija u Evropi i concept “Dobrog drustva”, 2016, pp. 173-182. Fondacija Fridrih Ebert.
- ”The ‘damned triangle’ of inequality, neo-liberalism and patronage in Western Balkans: Is there any way out?,” in Stetter, E., Reuter, C., Tánczos, J., Claassens, M., Laino, E., and Hammerton, S. eds. The social dimension of EU enlargement, 2014, pp. 49-79. Foundation for European Progressive Studies and SOLIDAR.
- “De Westelijke Balkan op weg naar de euro?”, in Cuperus, R., Pilon, A., and Wiersma, J.M. eds. De politiek van de euro, 2013, pp. 119-124. Van Gennep.
- “The Economies of the Western Balkans in Transition”, in Swoboda, H., Stetter, E., and Wiersma, J.M. eds., EU Enlargement Anno 2012: A Progressive Engagement, 2012, pp. 165-172. S&D Group in the European Parliament.
- “Nobel prize laureate Robert Engle’s contribution” in al. (2008). “Nobel Prize Laureates in Economics 1969-2008 (2nd ed.)”, Taki Fiti eds., Nobel Prize Laureates in Economics 1969-2008, 2nd ed., 2008, pp. . Faculty of Economics, University “Ss. Cyril and Methodius”.
Selected Policy Papers
- “Social Cohesion at the Center: A New Initiative for Stability and Prosperity of the Western Balkans,” (with Svetlana Cenic, Ardian Hackaj, Amer Kapetanovic, Maria Eleni Koppa, Gazmend Qorraj, Dusan Spasojevic and Daliborka Uljarevic), 2015. Friedrich Ebert Stiftung.
- “Full Employment: A Progressive Vision for Europe,” (with Jeremy Green, Carlo D‘Ippoliti, Marianne Muona, Pim Paulusma, Michael Weatherburn and Benjamin Wilhelm), 2014. Foundation for European Progressive Studies).
- ”Can we ensure our endangered future? Inequality decrease in the Republic of Macedonia”, 2013 Progress Institute and National Democratic Institute.
- “Decent Work in the Republic of Macedonia,” 2011. The Progress Institute, Olof Palme International Center and SOLIDAR.
- “Public Expenditures in the Republic of Macedonia 2006-2011: How the Government spend public money?,” (with Igor Ivanovski), 2010. Progress Institute and Friedrich Ebert Stiftung.
- “Economic and Social Consequences in Macedonia from the Global Financial Crisis and Social Democratic Response,” (with Rahkola, J., and Stambolieva, M., 2009. Progress Institute and Friedrich Ebert Stiftung.
Minister of Finance in the Government of the Republic of North Macedonia in the period 2017-2019.