IMF Working Papers

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

By Garbis Iradian

May 1, 2003

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Garbis Iradian. Armenia: The Road to Sustained Rapid Growth-Cross-Country Evidence, (USA: International Monetary Fund, 2003) accessed December 26, 2024
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

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.

Subject: Balance of payments, Foreign direct investment, Government debt management, Human capital, Labor, Monetary base, Money, Production, Public financial management (PFM), Total factor productivity

Keywords: Armenia, Baltics, Broad money, Economic growth, Financial intermediation, Foreign direct investment, GDP, Government debt management, Growth in Armenia, Human capital, Investment, Investment ratio, Investment share, Market economy, Monetary base, Private sector development, Resource allocation, Total factor productivity, Transition economy, WP

Publication Details

  • Pages:

    22

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2003/103

  • Stock No:

    WPIEA1032003

  • ISBN:

    9781451852714

  • ISSN:

    1018-5941

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