ANALYZING THE ECONOMIC DETERMINANTS ON EMPLOYERS’ DYNAMICS - EVIDENCE FROM THE WESTERN BALKANS

This research paper analyzes the economic indicators that influence the employers’ dynamics based on the evidence from the Western Balkans countries, i.e., investigates the determinants of employment structure in the Western Balkans, particularly focusing on how these factors shape the self-employment jobs. Employing a panel regression analysis based on pooled OLS and Least Square Dummy Variable (LSDV) models, the study analyzes the impact of various economic factors like economic growth, wages, inflation rates, and other labor market variables on employers’ composition. The research intends to identify the potential determinants and assess their variations across countries in the region. The results indicate that unemployment rate and wages are significant determinants on self-employment jobs. The study contributes to understanding employer’s (self– employment jobs) determinants at a critical juncture in the Western Balkans' economic development.

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