Privatisation together with the related social consequences and impact on the economy represent key challenges facing the former communist countries. This paper aims to assess how the privatisation of socially owned enterprises (SOEs) affects economic growth, entailing an empirical test using a panel effects regression analysis on a sample of 571 SOEs (or 1,600 assets) over a 16-year period (2003)(2004)(2005)(2006)(2007)(2008)(2009)(2010)(2011)(2012)(2013)(2014)(2015)(2016)(2017)(2018). We find that privatisation at the aggregate level does not boost economic growth; in particular, the methods used to privatise SOEs or parts of them are not a determining factor. We also show that the quality of institutions is fragile, confirming a negative associations with economic growth. We also show that the effects of privatisation vary according to the method used, although we note that the sale of SOEs or parts thereof in the first decade of privatisation has been quite selective, devoid of development effects and faced with serious impediments to privatisation funds being directly invested in the economy.

After the independence the Republic of Kosovo is extremely centralized and in todays it is considered one of the most centralized countries in Europe. The high level of centralization has maximally limited the competences for which the local authorities are responsible, violating the economical, financial and fiscal independence. Reforming the tax system under the principle of fiscal decentralization is important for Kosovo, because it will guarantee to the local governments the necessary resources to meet their legal, strategic and development obligations. The progress in fiscal decentralization seeks to be built on trust, confidence and mutual respect. Kosovo not only hasn't achieved significant progress in fiscal decentralization but surprisingly this issue do not even is debated in social and academic life. The today's trend and current institutional interest for the accession in EU means the urgent need for measures related to the design of a program that contains calculation of expenditure with the aim to successfully implement the reforms for fiscal decentralization and strengthening of local independence in the field of revenues which are essential for normal municipal functions. Regarding the level of decentralization, based on the circumstances and economic -social development, our system should be developed making it comparable to other EU countries because this means a duty that should be manifested in achieving international standards of decentralization.

The purpose of this paper focuses on the review of some legal features that prevent the extension and development of a joint stock companies in Kosovo. Design/Methodology/Approach: The issue has been analyzed by comparing the legislation with several countries in the region alongside by identifying some of the substantial factors of why such a small number of joint stock companies are established in the business practice in Kosovo in relation to other countries, and once they are established, they are even less operative and operational. Findings: Joint stock companies are established by the Law on Business Organizations, but denomination of titles by them should be regulated by the Law on Securities, in which case in Kosovo this regulation has not been issued nor harmonized. Practical Implications: In fact, this phenomenon is in contrary with the extent and role of joint stock companies in developed market economies. Originality/value: Disadvantages of these companies in our country are mainly related to the lack of law on securities, consequently also the regulatory institutions that cover this sector.

The role and the positive effects that economic zones create in the contemporary world are great. That

Globalization in higher education has highlighted the obligation to provide information on the level of academic quality provided by higher education institutions. This has resulted in the design of university ranking systems, respectively in creating of global and regional ranking tables. This information can and should be a contribution to the advancement of quality education in the country. Kosovar institutions that are competent in this field should show the courage to, in addition to providing information from international rankings, establish a credible national system for providing data, respectively the ranking list of higher education institutions in the country. This may help to identify important issues and information that will serve to create sustainable academic policies. This paper is exclusively based on empirical data provided by a questionnaire. As such it analyzes whether the ranking of higher education institutions in our country are needed and what will be the impact of academic quality measurements. These data enable the country's institutions to measure the public interest in the rate and dynamics of higher education development in the country, identifying the direction of university development. In these circumstances there should be no doubt about the obligation to provide this data, and only on the basis of it, the harmonization of public policies and legislation on quality in education and its role in the market.