REGIONAL ECONOMIC DYNAMICS: MANAGERIAL INSIGHTS ON AGRICULTURAL PERSPECTIVES

Abstract

The objective of this study is to identify the primary determinants that shape agricultural development within the broader context of regional economy. Using data from 157 online questionnaires collected from managers of food and processing companies in North Macedonia, a principal component analysis is conducted to evaluate the factors of influence. The findings reveal that the factors such as “Regional economy general”, “Regional economy – evaluation of the status” and “Governmental support” have relatively lower impact, while “COVID-19” and “Russia-Ukraine crisis” have moderate impact. On the other hand, “Regional development – expectations” is perceived as the most influential factor. These results may provide valuable insights for policy makers in devising effective strategies to address regional challenges and foster sustainable agricultural development in the country