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The Caucasian Tiger : Sustaining Economic Growth in Armenia

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Author Info

  • Saumya Mitra
  • Douglas Andrew
  • Gohar Gyulumyan
  • Paul Holden
  • Bart Kaminski
  • Yevgeny Kuznetsov
  • Ekaterine Vashakmadze
Registered author(s):

    Abstract

    This book is intended to explain the factors underlying the stellar growth record that has led to Armenia's emergence as the Caucasian Tiger and to provide policy advice to the Armenian authorities to ensure the continuation of this growth. The book is presented in two parts, with Part I containing the analysis and the policy advice and Part II containing detailed background papers. The attribution for the emergence of Armenia as the Caucasian Tiger lies in the creation of an environment of macroeconomic stability and the determined pursuit of reforms aimed at establishing a market economy that was integrated with the world. This book describes that story. But the central focus of the book remains the reform agenda for the future. It is argued that the continuation of high rates of growth would require building defenses against economic shocks the country may face, and this would entail addressing the key vulnerabilities in today's economy. Thus the book is intended not only as a case study of success in post-Soviet economic transition, but also as a candid piece of policy advice for the Armenian authorities

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    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/6644/392500AM0Cauca101OFFICIAL0USE0ONLY1.pdf?sequence=1
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    Bibliographic Info

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    This book is provided by The World Bank in its series World Bank Publications with number 6644 and published in 2007.

    ISBN: 0-8213-6811-4
    Handle: RePEc:wbk:wbpubs:6644

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    Postal: 1818 H Street, N.W., Washington, DC 20433
    Phone: (202) 477-1234
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    Web page: https://openknowledge.worldbank.org
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    Related research

    Keywords: Public Sector Economics and Finance Public Sector Expenditure Analysis and Management Public and Municipal Finance Urban Economics Economic Theory and Research;

    References

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    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    1. Jeffrey Round, 2003. "Constructing SAMs for Development Policy Analysis: Lessons Learned and Challenges Ahead," Economic Systems Research, Taylor & Francis Journals, Taylor & Francis Journals, vol. 15(2), pages 161-183.
    2. Wilson, John S. & Mann, Catherine L. & Otsuki, Tsunehiro, 2004. "Assessing the potential benefit of trade facilitation : A global perspective," Policy Research Working Paper Series, The World Bank 3224, The World Bank.
    3. Sherman Robinson & Andrea Cattaneo & Moataz El-Said, 2001. "Updating and Estimating a Social Accounting Matrix Using Cross Entropy Methods," Economic Systems Research, Taylor & Francis Journals, Taylor & Francis Journals, vol. 13(1), pages 47-64.
    4. Solow, Robert M., 2000. "Growth Theory: An Exposition," OUP Catalogue, Oxford University Press, Oxford University Press, edition 2, number 9780195109030, October.
    5. Schneider, Friedrich, 2002. "The Size and Development of the Shadow Economies of 22 Transition and 21 OECD Countries," IZA Discussion Papers, Institute for the Study of Labor (IZA) 514, Institute for the Study of Labor (IZA).
    6. Daniel F. Spulber, 1989. "Regulation and Markets," MIT Press Books, The MIT Press, The MIT Press, edition 1, volume 1, number 0262192756, December.
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    Cited by:
    1. World Bank, 2013. "Republic of Armenia : Accumulation, Competition, and Connectivity," World Bank Other Operational Studies, The World Bank 16781, The World Bank.

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