Republic of Armenia: Selected Issues

June 5, 2019

Preview Citation

Format: Chicago

Republic of Armenia: Selected Issues, (USA: International Monetary Fund, 2019) accessed December 26, 2024

Summary

This Selected Issues paper on the Republic of Armenia seeks to quantify the macroeconomic impact of the government’s reform agenda, which covers three broad areas: tax policy and pension; governance, government efficiency, and corruption; and labor market and competition. Strengthening growth and competitiveness and addressing governance problems requires comprehensive reform efforts. The new government has made it clear that fighting corruption and improving governance remain top priorities. Measures have been proposed to enhance corporate transparency, including through accounting and auditing reforms. A more systematic support program for small and medium-sized enterprises, along with labor market reforms, should also help alleviate unemployment difficulties. The simulations suggest that the government’s tax policy reform can have a positive impact on output in the medium run if it is accompanied by supporting measures. The results suggest that a full implementation of the reform package would yield substantial benefits for the economy. In particular, it could increase real GDP by as much as 7 percent over the long run.

Subject: Corruption, Crime, Education, Gender, Gender diversity, Labor, Labor force, Labor markets, Women

Keywords: Africa, Armenia, Caribbean, Central and Eastern Europe, Central Asia, Corruption, Corruption case, CR, Eastern Europe, Enforcement framework, Europe, Gender wage gap, Global, IMF staff calculation, ISCR, Labor force, Labor market, Labor markets, LFP rate, North Africa, Wage gap data, Women

Publication Details

Pages:

68
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2019/155
Stock No:

1ARMEA2019006
ISBN:

9781498318570
ISSN:

1934-7685

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