Armenia’s trade performance in 1995-2002 and the effect of closed borders: a cross-country perspective
AbstractThe paper deals with two issues. First, it focuses on the analysis of Armenia’s trade performance based on the utilization of standard statistical models and develops comparative estimates of this performance relative to the peer countries. The comparison is undertaken in terms of trade openness, diversification, and composition. The main finding is that Armenia has been lagging in its export development relative to most CIS countries. The recent improvements in exports helped somewhat to reduce the gap. The second part of the paper provides for re-estimation of the “costs of blockade” effect. Armenia’s trade under-performance cannot be explained in terms of distorted government policies, because Armenia is recognized as a reform leader in the CIS.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 10065.
Date of creation: Dec 2003
Date of revision:
Publication status: Published in Armenian Journal of Public Policy 1.2(2004): pp. 185-212
Armenia; trade; costs of blockade; gravity model; trade openness;
Find related papers by JEL classification:
- F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
- F14 - International Economics - - Trade - - - Empirical Studies of Trade
- P27 - Economic Systems - - Socialist Systems and Transition Economies - - - Performance and Prospects
- F51 - International Economics - - International Relations and International Political Economy - - - International Conflicts; Negotiations; Sanctions
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- Avanesyan, Vahram & Freinkman, Lev, 2002. "Costing-out the Big Bang: Impact of external shocks on the Armenian economy at the outset of transition," MPRA Paper 10012, University Library of Munich, Germany.
- Polyakov, Evgeny, 2001. "Changing trade patterns after conflict resolution in the South Caucasus," Policy Research Working Paper Series 2593, The World Bank.
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