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Shenaj Hadzimustafa

Faculty : Business and Economics
Position : Full Professor
Engagement type : Full time
Personal data
E-mail : s.daut@seeu.edu.mk
Address : Ilindenska bb 1200 Tetovo
Telephone : +389 44 356 061
Fax : +389 44 356 001
Mobile : +389 70 768 234
Languages ( Self-evaluated )
Macedonian
C2 - Proficient
Albanian
C1 - Advanced
Turkish
C1 - Advanced
English
C1 - Advanced
Serbian
B2 - Upper Intermediate

Education

  • Dec 2007 - Dec 2012: Doctor of sciences in the field of Economy
    Faculty: Business Administration and Economics
    SEEU, Tetovo
    Specialty: Knowledge economy
    Thesis: "Knowledge economy and sustainable economic growth with a special accent on Republic of Macedonia"

  • Nov 2001 - Mar 2007: Master of Science in Economic Development and International Finance
    Faculty: Faculty of Economics
    Ss.Cyril and Methodius - Skopje, Skopje
    Specialty: New Institutional Economics
    Thesis: "NEW INSTITUTIONAL ECONOMICS AND ECONOMIC DEVELOPMENT "

  • Sep 1997 - Nov 2001: Bachelor's degree in Management
    Faculty: Faculty of Economics
    Ss.Cyril and Methodius - Skopje, Skopje
    Specialty: Management

Publications

  • Idrizi, Arlinda; Hadzimustafa, Shenaj; Abazi Chaushi, Blerta Modeling the Determinants of Circular Material Use in the EU: An Empirical Approach. Springer Nature, Tetovo, North Macedonia , 2026. (Link)

  • Sulejmani, Arbra; Hadzimustafa, Shenaj The Influence of ESG on Corporate Strategies and Performance. Springer, 2026. (Link)

  • Hoxha Shala, Sihana ; Bytyqi, Ardita; Hadzimustafa, Shenaj Stock Market Dynamics and Economic Growth: Empirical Insights from G7 Nations. Springer, 2025. (Link)

  • Bytyqi, Ardita; Hoxha Shala, Sihana; Hadzimustafa, Shenaj Environmental Sustainability and Economic Development: A Panel VAR Analysis of the Dynamic Relationship in Western Balkan. Springer, 2025. (Link)

  • Cenaj, Aulone; Hadzimustafa, Shenaj - THE IMPACT OF PRIVATE INVESTMENT IN THE CIRCULAR ECONOMY ON EU GDP. In AGORA INTERNATIONAL JOURNAL OF ECONOMICAL SCIENCES, pp. 67-77. 2025. (Link)

  • Plakaj Vërbovci, Marigonë ; Hadzimustafa, Shenaj Examining the Effects of Green Taxes on Environmental Pollution in Central Europe. In IJOPEC Publication Limited, pp. 237-256. 2025. (Link)

  • Kamberaj, Artina; Hadzimustafa, Shenaj LOSS AVERSION: THE UNSEEN FORCE SHAPING INVESTMENT DECISIONS. In Economic Vision, pp. 33-41. 2024. (Link)

  • Krasniqi Markaj, Arta; Hadzimustafa, Shenaj Determinants of Economic Growth in the Republic of Kosovo. In SEEU Review, pp. 132-148. 2024. (Link)

  • Kadriji, Linda; Hadzimustafa, Shenaj EMPIRICAL DATA FOR EUROPEAN TRANSITION COUNTRIES ON THE LINK BETWEEN FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH. In European Journal of Economic and Financial Research , pp. 150-158. 2024. (Link)

  • Hajdari, Arton; Hajdini, Artan; Hadzimustafa, Shenaj Legal Determinants That Impact Economic Growth. In World Economics, pp. 76-106. 2024. (Link)

  • Bytyqi, Ardita; Jashari, Arber; Hadzimustafa, Shenaj Circular Economy approaches and green jobs in European Companies. Springer, 2024. (Link)

  • Gara, Atdhetar; Hadzimustafa, Shenaj; Axhamekaj, Gazmend; Qehaja, Driton Impact of Energy Use on Air Pollution: Evidence from OCED Countries. In Ekonomika. 2024. (Link)

  • Qorraj-Haxhiu, Elza; Hadzimustafa, Shenaj CARBON EMISSIONS AND ECONOMIC GROWTH: AN EMPIRICAL ANALYSIS FROM OECD COUNTRIES . In Green Economics , pp. 18-30. 2024. (Link)

  • Neziraj-Elshani, Arijeta; Hadzimustafa, Shenaj Circular Economy in Kosovo and OECD Policies as a Model. ICOPEC, Istanbul, 2024. (Link)

  • Hajdari, Arton; Hadzimustafa, Shenaj Non-economic variables related to economic growth. In LAW AND ECONOMICS YEARLY REVIEW, pp. 277-291. 2024. (Link)

  • Bytyqi, Ardita; Abazi-Alili, Hyrije; Hadzimustafa, Shenaj Economic Growth and Environmental Sustainability determinants: A panel ARDL evidence for EU Countries. In Logistics, Supply Chain, Sustainability and Global Challenges. 2024. (Link)

  • Zhigolli, Gentiana ; Hadzimustafa, Shenaj; Balaj, Driton FACTORS AFFECTING PARTICIPATION IN THE PRODUCT RECYCLING PROCESS. In Green Economics, pp. 71-81. 2023. (Link)

  • Shahini- Gallopeni, Krenare ; Bilalli, Argjira ; Hadzimustafa, Shenaj; Gara, Atdhetar The Impact of Stock, Market. On Economic. Growth: Evidence from Developed European.Countries. In SEEU Review. 2023. (Link)

  • Rotabi, Sareh; Hadzimustafa, Shenaj Behavioral Economics for Sustainability with Focus on UAE. In Research on Islamic Business Concepts, pp. 35-51. Springer International Publishing, 2023. (Link)

  • Kamberaj, Altina; Hadzimustafa, Shenaj BEHAVIOR AND SOCIAL DISTANCING IN TRANSPORT DURING COVID-19. A STUDY FROM KOSOVO. University of Sarajevo, School of Economics and Business, Sarajevo, 2023. (Link)

  • Kamberaj, Altina; Hadzimustafa, Shenaj The Relationship between Economic and Financial Development in the EU Countries for the Period 2011-2020. Faculty od Economics, University of Banja Luka, Ancona, 2023. (Link)

  • Hajdari, Arton; Hadzimustafa, Shenaj THE RELATIONSHIP BETWEEN THE RULE OF LAW LEVEL AND ECONOMIC GROWTH. Springer, 2023. (Link)

  • Beka, Artenisa; Bilalli, Argjira; Hadzimustafa, Shenaj IMPACT OF THE BUSINESS ENVIRONMENT AND TAX INCENTIVES ON NEW INVESTMENTS: EVIDENCE FROM DEVELOPING COUNTRIES. In Journal of Governance and Regulation. 2023. (Link)

  • Hajdari, Arton; Hadzimustafa, Shenaj ENVIRONMENTAL ISSUES AND FINANCIAL CRISES DISMISS LAISSEZ-FAIRE CAPITALISM. In Journal of Liberty and International Affairs, pp. 550-560. 2023. (Link)

  • Hajdari, Arton; Hajdini, Artan; Hadzimustafa, Shenaj NON-ECONOMIC VARIABLES RELATED TO ECONOMIC GROWTH. Virtus Interpress, 2023. (Link)

  • Hadzimustafa, Shenaj A CIRCULAR ECONOMY IN NORTH MACEDONIA. SEEU, Tetovo, 2022. (Link)

  • suli, shpresa; Abduli, Selajdin; Hadzimustafa, Shenaj Impact of Foreign Direct Investment and Economic Freedom on Economic Growth in North Macedonia . Istanbul Ticaret University, Iidtanbull, 2022. (Link)

  • Hadzimustafa, Shenaj; suli, shpresa; Bytyqi, Ardita The Social Dimension Of Circular Economy. IJOPEC Publication Limited, Istanbul, 2022. (Link)

  • Bytyqi, Ardita; Hadzimustafa, Shenaj The Social Aspect of the Circular Economy. In INEQUALITY AND UNEMPLOYMENT IN THE TIME OF COVID-19, pp. 105-122. IJOPEC Publication Limited, London, 2022. (Link)

  • Veseli Kurtishi, Teuta; Hadzimustafa, Shenaj; Veseli, Edmond; Digitization of Banking Services and Its Impact on Customer Satisfaction: Case, Republic of North Macedonia. University of Primorska Press, Ljubljana, 2021. (Link)

  • Hadzimustafa, Shenaj; Simsir, Mertcan; Simsir, Raifcan; ECONOMIC EFFECTS OF TOURISM. SEEU, Tetovo, 2021. (Link)

  • Abazi-Alilli, Hyrije; Hadzimustafa, Shenaj; Rakipi, Remzije; Veseli-Kurtishi, Teuta; Abazi Caushi, Blerta; Perspective of counselling in social services: the case of Republic of North Macedonia. In International Journal of Public Sector Performance Management, pp. 573. 2021. (Link)

  • Polozhani, Alba; Hadzimustafa, Shenaj; Monetary policy response in Republic of North Macedonia and Republic of Albania for coping with the pandemic COVID-19, year 2020. IRENET, Zagreb, 2021. (Link)

  • Hadzimustafa, Shenaj; Abazi-Alili, Hyrije; The Monetary policy in the Republic of North Macedonia and Republic of Albania during 2020. In Notitia - journal for economic, business and social issues, pp. 109-118. 2021. (Link)

  • Hadzimustafa, Shenaj; Simsir, Raifcan; Syla, Shpresa; Veseli Kurtishi, Teuta; Sustainable Tourism: Practices in Izmir and Kusadasi. EBES , Istanbul, 2020. (Link)

  • Syla, Shpresa; Hadzimustafa, Shenaj; Tusheva, Marijana ; Sula, Selami; The E-Commerce in Republic of North Macedonia before and During Covid-19. EBES, Istanbul, 2020. (Link)

  • Hadzimustafa, Shenaj; Shabani, Nermine; The impact of overconfidence bias on personal investment decisions: The case of North Macedonia. Economic Faculty, UKIM , Skopje, 2020. (Link)

  • Rakipi, Remzije ; Hadzimustafa, Shenaj; Aliji, Shpresa; Analyses of the Social Component of Public Expenditures in the Republic of North Macedonia. IJOPEC Publication Limited, Istanbul, 2019. (Link)

  • Hadzimustafa, Shenaj; Rakipi, Remzije ; Aliji, Esfer ; The Role of Turkey’s FDI Towards Improving the Competitiveness of Republic of North Macedonia’s Economy. IJOPEC Publication Limited, Istanbul, 2019. (Link)

  • Abazi-Alili, Hyrije; Hadzimustafa, Shenaj; Rakipi, Remzije; Veseli-Kurtishi, Teuta; Abazi-Chaushi, Blerta; ECONOMIC VULNERABILITY AND SOCIAL SERVICES IN THE REPUBLIC OF NORTH MACEDONIA: AN ANALYSIS OF EU-SILC 2016. SEEU, Tetovo, 2019. (Link)

  • Hadzimustafa, Shenaj; Ali, Esfer; Trenovski, Borce ; THE IMPACT OF TURKEY’S FOREIGN DIRECT INVESTMENT (FDI) ON NORTH MACEDONIA’S SOCIO-ECONOMIC DEVELOPMENT. SEEU, Tetovo, 2019. (Link)

  • Hadzimustafa, Shenaj; Rakipi, Remzije; Nikolov, Marjan; THE POVERTY REDUCING EFFECT OF HEALTH - THE CASE OF REPUBLIC OF MACEDONIA. In CEA Journal Of Economics, pp. 5-16. 2018. (Link)

  • Abazi-Alili, Hyrije; Latifaj, Arbnora ; Hadzimustafa, Shenaj; Rakipi, Remzije; Abazi-Caushi, Blerta; Innovation Activities and Financial Performance: The Case of Kosovo. IRENET Zagreb, Split, 2018. (Link)

  • Hadzimustafa, Shenaj; Higher Education and longlife learning within the knowledge economy. In Knowledge - International journal, pp. 929-934. 2017. (Link)

  • Rakipi, Remzije; Hadzimustafa, Shenaj; Poverty and income inequality in the Republic of Macedonia. UBT - Higher Education Institution, Durres, 2017. (Link)

  • Hadzimustafa, Shenaj; Rakipi, Remzije; The Poverty reducing effect of health - the case of Repubilc of Macedonia. Faculty of Economics and Tourism "Dr. Mijo Mirkovic", Pula, 2017. (Link)

  • Hadzimustafa, Shenaj; Rakipi, Remzije; The impact of health on poverty reduction in Republic of Macedonia. SEEU, Tetovo, Tetovo, 2017.

  • Rakipi, Remzije; Hadzimustafa, Shenaj; Education and unemployment in the Republic of Macedonia. University of Tirana, Tirana, 2017.

  • Trpeska, Marina ; Hadzimustafa, Shenaj; ПРИРАЧНИК ЗА МОДУЛ 2: НОСЕЊЕ БУЏЕТ ПРОЦЕС НА БУЏЕТИРАЊЕ, НОСЕЊЕ БУЏЕТ И НЕГОВО ИЗВРШУВАЊЕ . UNDP and SDC, Skopje, 2016.

  • Hadzimustafa, Shenaj; Rexhepi, Gadaf; Ibraimi, Sadudin; The Role of Institutions as a Part of the Knowledge Economy in the Western Balkans Countires. University of Primorska Press, Pula, 2016. (Link)

  • Ibraimi, Sadudin; Rexhepi, Gadaf; Haxhimustafa, Shenaj; An Analytical Approach to Supply Chain Management. Sibenik, 2016.

Work Experience

  • Mar 2019 - Present : Sector working group member
    Ministry of Local self-government, Government of North Macedonia
    Type of business or sector: Regional and Local development
    Main responsibilities: Carry out expert work related to the formulation and implementation of national sectoral policies including those related to EU integration and donor assistance in general and the IPA program.

  • Oct 2015 - Present : National expert
    UNDP and AFO (SDC funded project), Skopje, Macedonia
    Type of business or sector: Budget and budget preparation
    Main responsibilities: "Empowering municipal councils" - field research, creating curicullum and training municipal councils members

  • Mar 2004 - Present : Associate Professor
    South East European University, Tetovo, Macedonia
    Type of business or sector: Education
    Main responsibilities: Teaching Behavioral Environmental Economics, Public Finance and Fiscal Policy,Local Finances, Theory of economic growth, Macroeconomics, Microeconomics

  • Mar 2013 - Dec 2013: External researcher
    Macedonian Academy for Science and Arts (MANU)
    Type of business or sector: Research
    Main responsibilities: Research on Encouraging and Promotion of the cooperation between Republic of Turkey and Republic of Macedonia

  • Jul 2013 - Oct 2013: Consultant for fiscal policy research
    UNDP, Skopje, Macedonia
    Type of business or sector: Fiscal policy
    Main responsibilities: Contributing to the preparation of the Report on the process of fiscal decentralization in the municipalities of Vardar Planning Region in 2012

  • Jul 2013 - Oct 2013: Consultant for fiscal policy research
    UNDP
    Type of business or sector: Decentralization
    Main responsibilities: Contributing to the preparation of Annual (2012) and Semi-Annual (2013) Reports on the Implementation of the Fiscal Decentralization

  • Dec 2011 - Dec 2012: Team member - economist
    Centre for Economic Analyses – CEA
    Type of business or sector: Public Finance
    Main responsibilities: “Strengthening advocacy based on evidence for the Budget of Republic of Macedonia” www.mkbudget.org

  • Jun 2012 - Jun 2012: Consultant
    World Bank, Skopje
    Type of business or sector: Migration and remittances
    Main responsibilities: Preparation of migration profiles and remittances for 17 EU and 10 Western Balkan countries

  • Dec 2011 - Apr 2012: Team member - economist
    SEEU&UNDP, Macedonia
    Type of business or sector: Decentralization
    Main responsibilities: Strengthening evidence-based policy processes - develop a chapter of the Social Services for Social Development and Cohesion report

  • Sep 2010 - Jan 2011: Team member, economist
    National Council for Entrepreneurship and Competitiveness and the Government of Macedonia, Skopje
    Type of business or sector: Competitiveness
    Main responsibilities: Preparing National Competitiveness Report Of The Republic Of Macedonia – 2010/11

  • Mar 2010 - May 2010: Team member - promotion staff
    SEEU & UNDP, Skopje and Tetovo
    Type of business or sector: Research
    Main responsibilities: Promotion activities concerning the Strengthening evidence- based policy processes (People Centered Analyses 2009) Project

  • Mar 2010 - Mar 2010: Economist -Trainer
    MIM, Thomas Reuters Foundation and Westminster Foundation for Democracy, Mavrovo, Macedonia
    Type of business or sector: Consultancy
    Main responsibilities: Communication with the Media Training, Mavrovo - presentation on the economics basis, indicators and performances

  • Jun 2009 - Nov 2009: Trainer
    Westminster Foundation for Democracy, NAO, CEA, Ohrid, Macedonia
    Type of business or sector: Education
    Main responsibilities: Financial Scrutiny Programme for Parliamentary Staff - Research and lecturing in Public Finances, Mobbing and Corruption

  • May 2009 - Sep 2009: Team member, economist
    USAID Economic growth project, Skopje
    Type of business or sector: Consultancy
    Main responsibilities: Organizing Workshop and providing a report on the “Challenges for improving the competitiveness of the private sector in Macedonia”

  • Apr 2008 - Apr 2009: Project coordinator
    SEEU & UNDP, Tetovo, Macedonia
    Type of business or sector: Research
    Main responsibilities: Project coordinator and report production coordinator Project: Strengthening evidence- based policy processes (People Centered Analyses 2008)

  • Oct 2008 - Dec 2008: Reader
    Government of Republic of Macedonia, Skopje
    Type of business or sector: Education
    Main responsibilities: Reader of the Public Finance - Harvey Rosen (Project of the Macedonian government on the translation of 500 famous books)

  • Oct 2007 - Sep 2008: Project author and coordinator
    SEEU - Research, Tetovo, Macedonia
    Type of business or sector: Research
    Main responsibilities: Research on the Role of the Institutions for Economic Development of countries with special accent on RM

  • Oct 2007 - Jan 2008: Team member, economist
    National Council for Entrepreneurship and Competitiveness and the Government of Macedonia, Skopje
    Type of business or sector: Competitiveness
    Main responsibilities: National Competitiveness Report Of The Republic Of Macedonia - 2007

  • Mar 2007 - Dec 2007: Team member, economist
    OSI-Skopje, Skopje
    Type of business or sector: Governance
    Main responsibilities: Preparing report on the “Good governance: Management with the public money" in RM

  • Nov 2006 - Dec 2006: Team member, economist
    National Council for Entrepreneurship and Competitiveness and the Government of Macedonia, Skopje
    Type of business or sector: Competitiveness
    Main responsibilities: Preparing the National Competitiveness Report Of The Republic Of Macedonia - 2006

  • Aug 2004 - Dec 2004: Team member, economist
    Ministry of Economy and the sector for EU integration
    Type of business or sector: Consultancy
    Main responsibilities: Engagement for preparation of EU questionnaire for Macedonia. (chapter 15)

  • Aug 2003 - Nov 2003: Loan officer - intern
    Provredit Bank, Skopje
    Type of business or sector: Banking
    Main responsibilities: Analyses of the clients business situation, making decision for loan approval

  • Jul 2002 - Jul 2003: Intern
    Bearing Point Consulting, Skopje
    Type of business or sector: Consultancy
    Main responsibilities: working on the Fiscal Reform Project, focusing on the IMF projections and biasness

  • Jul 2001 - Sep 2001: Bank officer - trainee
    TC Ziraat Bankasi - Skopje, Skopje
    Type of business or sector: Banking

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