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Armenia: The Road to Sustained Rapid Growth-Cross-Country Evidence

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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;

    References

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    1. Fischer, Stanley, 1993. "The role of macroeconomic factors in growth," Journal of Monetary Economics, Elsevier, vol. 32(3), pages 485-512, December.
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    Cited by:
    1. Kevin C. Cheng, 2003. "Growth and Recovery in Mongolia During Transition," IMF Working Papers 03/217, International Monetary Fund.
    2. Garbis Iradian, 2007. "Rapid Growth in Transition Economies: Panel Regression Approach," IMF Working Papers 07/170, International Monetary Fund.

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