The general conclusion of the Evaluation Board is that the quality of papers is solid. Five papers were submitted, three of which meet the paper length criterion. The papers represent a modern economic research, using advanced econometric techniques and relevant, primarily foreign, academic literature. As in previous years, the general observation is that there is inconsistency in the use of professional terminology in the works written in Macedonian language. The Board believes that the National Bank of the Republic of Macedonia with its undeniable expertise can endeavor to uniform economic terminology in the Macedonian language. One of the options is to launch an initiative to publish a contemporary vocabulary of modern economic terminology.After the evaluation of papers, the Board concluded that the paper Is the Financial Sector a Limiting Factor for Economic Growth? The case of the Republic of Macedonia is rated with the highest average score. It is characterized by consistency and relevance in today's moment when the Macedonian financial sector is recovering from the Great Recession. Declassification of data showed that the author of the paper is Darko Lazarov, PhD., Assistant Professor at the Faculty of Economics at Goce Delchev University in Stip. His research is primarily focused on the intersections of interests of the development economics and the international economics.In order to have time consistency of evaluation, the Board decided this year to award only second prize to Prof. Darko Lazarov, PhD., for the paper Is the Financial Sector a Limiting Factor for Economic Growth? The case of the Republic of Macedonia. I invite him on stage to receive the award.
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