IDEAS home Printed from https://ideas.repec.org/b/wbk/wbpubs/6644.html
   My bibliography  Save this book

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 - Books, The World Bank Group, number 6644.
    • Handle: RePEc:wbk:wbpubs:6644
    as

    Download full text from publisher

    File URL: https://openknowledge.worldbank.org/bitstreams/a69261bd-157a-593b-9d5e-2fd47dfc5986/download
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. John S. Wilson & Catherine L. Mann & Tsunehiro Otsuki, 2005. "Assessing The Potential Benefit Of Trade Facilitation: A Global Perspective," World Scientific Book Chapters, in: Philippa Dee & Michael Ferrantino (ed.), Quantitative Methods For Assessing The Effects Of Non-Tariff Measures And Trade Facilitation, chapter 8, pages 121-160, World Scientific Publishing Co. Pte. Ltd..
    2. Solow, Robert M., 2000. "Growth Theory: An Exposition," OUP Catalogue, Oxford University Press, edition 2, number 9780195109030.
    3. 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.
    4. Daniel F. Spulber, 1989. "Regulation and Markets," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262192756, December.
    5. 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.
    6. Schneider, Friedrich, 2002. "The Size and Development of the Shadow Economies of 22 Transition and 21 OECD Countries," IZA Discussion Papers 514, Institute of Labor Economics (IZA).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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. Ademmer, Esther & Langbein, Julia & Börzel, Tanja A., 2019. "Varieties of Limited Access Orders: The nexus between politics and economics in hybrid regimes," Open Access Publications from Kiel Institute for the World Economy 225063, Kiel Institute for the World Economy (IfW Kiel).
    3. 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.
    4. World Bank, 2013. "Republic of Armenia : Accumulation, Competition, and Connectivity," World Bank Publications - Reports 16781, The World Bank Group.
    5. Aleksandr V. Gevorkyan & Jacob Assa, 2021. "Poverty in “Transition”: 30 Years After and in the Pandemic," American Journal of Economics and Sociology, Wiley Blackwell, vol. 80(4), pages 1233-1258, September.
    6. Roth, Steffen & Ströhle, Lorenza, 2016. "Wie weit geht Crowdsourcing? Transnationale Open-Innovation-Strategien gegen den Braindrain der GUS-Staaten," EconStor Preprints 147408, ZBW - Leibniz Information Centre for Economics.
    7. Linz, Susan J. & Semykina, Anastasia, 2009. "Personality traits as performance enhancers? A comparative analysis of workers in Russia, Armenia and Kazakhstan," Journal of Economic Psychology, Elsevier, vol. 30(1), pages 71-91, February.
    8. Zenonas Norkus & Aelita Ambrulevičiūtė & Vaidas Morkevičius, 2019. "Relevance of American Diasporas for the Post-Soviet Economic Recovery and Growth of Their Homelands. Armenia and Lithuania in Comparison," Revue d'études comparatives Est-Ouest, Presses Universitaires de France, vol. 0(1), pages 207-239.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Alfredo J. Mainar Causape & Emanuele Ferrari & Scott McDonald, 2018. "Social accounting matrices: basic aspects and main steps for estimation," JRC Research Reports JRC112075, Joint Research Centre.
    2. Lofgren, Hans & Cicowiez, Martin & Diaz-Bonilla, Carolina, 2013. "MAMS – A Computable General Equilibrium Model for Developing Country Strategy Analysis," Handbook of Computable General Equilibrium Modeling, in: Peter B. Dixon & Dale Jorgenson (ed.), Handbook of Computable General Equilibrium Modeling, edition 1, volume 1, chapter 0, pages 159-276, Elsevier.
    3. Lofgren, Hans, 2012. "World food prices and human development: Policy simulations for archetype low-income countries," Policy Research Working Paper Series 6033, The World Bank.
    4. G. Ferrari & G. Garau & P. Lecca, 2009. "Constructing a Social Accounting Matrix for Sardinia," Working Paper CRENoS 200902, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
    5. Murat Aslan, 2007. "The Construction of a Financial Social Accounting Matrix forthe Turkish Economy with 1996 Data," Anadolu University Journal of Social Sciences, Anadolu University, vol. 7(1), pages 287-306, June.
    6. Marc Mueller & Emanuele Ferrari, 2012. "Social Accounting Matrices and Satellite Accounts for EU27 on NUTS2 Level (SAMNUTS2)," JRC Research Reports JRC73088, Joint Research Centre.
    7. Ezequiel Uriel & Javier Ferri & Maria Luisa Molto, 2005. "Estimation of an Extended SAM with household production for Spain 1995," Economic Systems Research, Taylor & Francis Journals, vol. 17(3), pages 255-278.
    8. Ahmed, Vaqar & O' Donoghue, Cathal, 2007. "CGE-Microsimulation Modelling: A Survey," MPRA Paper 9307, University Library of Munich, Germany.
    9. Martín Cicowiez & Juan José Galeano, 2019. "Construcción de una Matriz de Contabilidad Social para Paraguay para el Año 2014," CEDLAS, Working Papers 0251, CEDLAS, Universidad Nacional de La Plata.
    10. Gronau, Steven & Winter, Etti, 2018. "Social Accounting Matrix: A user manual for village economies," Hannover Economic Papers (HEP) dp-636, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    11. Alfredo J. Mainar Causape & Pierre Boulanger & Hasan Dudu & Emanuele Ferrari & Scott McDonald & Arnaldo Caivano, 2018. "Social Accounting Matrix of Kenya 2014," JRC Research Reports JRC110385, Joint Research Centre.
    12. Carlo Cambini & Yossi Spiegel, 2016. "Investment and Capital Structure of Partially Private Regulated Firms," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 25(2), pages 487-515, April.
    13. Cherry, Barbara A., 2014. "Historical mutilation: How misuse of 'public utility and 'natural monopoly' misdirects US telecommunications policy development," 20th ITS Biennial Conference, Rio de Janeiro 2014: The Net and the Internet - Emerging Markets and Policies 106881, International Telecommunications Society (ITS).
    14. Alvaro Montenegro García, 2007. "Fundamentos de la política de la competencia," Documentos de Economía 3930, Universidad Javeriana - Bogotá.
    15. Christian Groth & Karl-Josef Koch & Thomas Steger, 2006. "Rethinking the Concept of Long-Run Economic Growth," CESifo Working Paper Series 1701, CESifo.
    16. Torsten Steinrücken & Sebastian Jaenichen, 2009. "Preisregulierung zum Schutz der Verbraucher: Wirkungen auf Werbung und Wohlfahrt," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 78(3), pages 188-201.
    17. Hahn, Robert & Evans, Lewis, 2010. "Regulating Dynamic Markets: Progress in Theory and Practice," Working Paper Series 4052, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    18. Yu-Hong Ai & Di-Yun Peng & Huan-Huan Xiong, 2021. "Impact of Environmental Regulation Intensity on Green Technology Innovation: From the Perspective of Political and Business Connections," Sustainability, MDPI, vol. 13(9), pages 1-23, April.
    19. Mauro Napoletano & Jean-Luc Gaffard, 2010. "Performances et politiques de croissance. Un éclairage empirique à partir d'une étude de l'effet de la taille des pays et nouvelles réflexions théoriques," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(1), pages 213-248.
    20. Foreman, R. Dean & Kleit, Andrew N., 2023. "Is prorationing efficiency-enhancing or rent-seeking?: Evidence from a natural experiment," Resources Policy, Elsevier, vol. 80(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wbk:wbpubs:6644. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tal Ayalon (email available below). General contact details of provider: https://edirc.repec.org/data/dvewbus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.