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The Caucasian Tiger : Sustaining Economic Growth in Armenia

Author

Listed:
  • Saumya Mitra
  • Douglas Andrew
  • Gohar Gyulumyan
  • Paul Holden
  • Bart Kaminski
  • Yevgeny Kuznetsov
  • Ekaterine Vashakmadze

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

Suggested Citation

  • Saumya Mitra & Douglas Andrew & Gohar Gyulumyan & Paul Holden & Bart Kaminski & Yevgeny Kuznetsov & Ekaterine Vashakmadze, 2007. "The Caucasian Tiger : Sustaining Economic Growth in Armenia," World Bank Publications, The World Bank, number 6644, January.
  • Handle: RePEc:wbk:wbpubs:6644
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    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/6644/392500AM0Cauca101OFFICIAL0USE0ONLY1.pdf?sequence=1
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    References listed on IDEAS

    as
    1. Daniel F. Spulber, 1989. "Regulation and Markets," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262192756, January.
    2. 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, vol. 13(1), pages 47-64.
    3. John S. Wilson & Catherine L. Mann & Tsunehiro Otsuki, 2005. "Assessing The Potential Benefit Of Trade Facilitation: A Global Perspective," World Scientific Book Chapters,in: Quantitative Methods For Assessing The Effects Of Non-Tariff Measures And Trade Facilitation, chapter 8, pages 121-160 World Scientific Publishing Co. Pte. Ltd..
    4. Solow, Robert M., 2000. "Growth Theory: An Exposition," OUP Catalogue, Oxford University Press, edition 2, number 9780195109030.
    5. Jeffrey Round, 2003. "Constructing SAMs for Development Policy Analysis: Lessons Learned and Challenges Ahead," Economic Systems Research, Taylor & Francis Journals, vol. 15(2), pages 161-183.
    6. Schneider, Friedrich, 2002. "The Size and Development of the Shadow Economies of 22 Transition and 21 OECD Countries," IZA Discussion Papers 514, Institute for the Study of Labor (IZA).
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Mario Liebensteiner, 2014. "Estimating the Income Gain of Seasonal Labor Migration," Review of Development Economics, Wiley Blackwell, vol. 18(4), pages 667-680, November.
    2. World Bank, 2013. "Republic of Armenia : Accumulation, Competition, and Connectivity," World Bank Other Operational Studies 16781, The World Bank.
    3. Roth, Steffen & Ströhle, Lorenza, 2016. "Wie weit geht Crowdsourcing? Transnationale Open-Innovation-Strategien gegen den Braindrain der GUS-Staaten," EconStor Preprints 147408, ZBW - German National Library of Economics.
    4. Yaroslava Babych & Michael Fuenfzig, 2012. "An Application of the Growth Diagnostics Framework: The Case of Georgia," Working Papers 001-12, International School of Economics at TSU, Tbilisi, Republic of Georgia.

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