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Armenia

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  • Garbis Iradian
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    Abstract

    This study examines the growth determinants and the economic policy challenges that Armenia faces to sustain the rapid growth of the past two years. The paper also seeks to answer the following two questions: Why has Armenia performed relatively better than other transition economies? What are the roles of macroeconomic policies and the level of financial intermediation in explaining growth differences? The paper also draws upon past cross-country experiences by estimating panel regressions on the determinants of growth to make predictions for the Armenian economy.

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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=16462
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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Working Papers with number 03/103.

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    Length: 22
    Date of creation: 01 May 2003
    Date of revision:
    Handle: RePEc:imf:imfwpa:03/103

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    Related research

    Keywords: Economic growth; Financial intermediation; Economic models; transition economies; real gdp; gdp growth; transition countries; domestic investment; total factor productivity; growth rate; gdp per capita; growth rates; gdp growth rates; per capita income; neighboring countries; gdp growth rate; gross capital formation; intermediate goods; output growth; per capita growth rate; skilled labor; absence of competition; closed economy; endogenous growth; national policies; real per capita income; domestic economy; terms of trade; capital formation; export growth; transport costs; rent-seeking behavior; transition period; investor protection; gross domestic product;

    References

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    1. Fischer, Stanley & Sahay, Ratna & Vegh, Carlos A, 1996. "Economies in Transition: The Beginnings of Growth," American Economic Review, American Economic Association, vol. 86(2), pages 229-33, May.
    2. Stanley Fischer, 1993. "The Role of Macroeconomic Factors in Growth," NBER Working Papers 4565, National Bureau of Economic Research, Inc.
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    Cited by:
    1. Garbis Iradian, 2007. "Rapid Growth in Transition Economies," IMF Working Papers 07/170, International Monetary Fund.
    2. Kevin C. Cheng, 2003. "Growth and Recovery in Mongolia During Transition," IMF Working Papers 03/217, International Monetary Fund.
    3. Garbis Iradian, 2005. "Inequality, Poverty, and Growth," IMF Working Papers 05/28, International Monetary Fund.

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