AbstractThis 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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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 03/103.
Date of creation: 01 May 2003
Date of revision:
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- Fischer, Stanley & Sahay, Ratna & Vegh, Carlos A, 1996. "Economies in Transition: The Beginnings of Growth," American Economic Review, American Economic Association, American Economic Association, vol. 86(2), pages 229-33, May.
- Fischer, Stanley, 1993.
"The role of macroeconomic factors in growth,"
Journal of Monetary Economics, Elsevier,
Elsevier, vol. 32(3), pages 485-512, December.
- Garbis Iradian, 2005. "Inequality, Poverty, and Growth," IMF Working Papers 05/28, International Monetary Fund.
- Kevin C. Cheng, 2003. "Growth and Recovery in Mongolia During Transition," IMF Working Papers 03/217, International Monetary Fund.
- Garbis Iradian, 2007. "Rapid Growth in Transition Economies," IMF Working Papers 07/170, International Monetary Fund.
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