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Assessment of Comparative Efficiency Based on Integral Index of Reforms: Evidence from Transcaucasian Republics

In: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Rovinj, Croatia, 12-14 September 2019

Author

Listed:
  • Davoyan, Samson
  • Galoyan, Lusya
  • Ayvazyan, Knarik
  • Kurghinyan, Roza

Abstract

The main purpose of the research is to develop a new methodology, that will allow to create an Integral Index of Reforms, quantitatively assess various reforms that have been implemented for 2012-2017 in 66 countries of the world. In the article with the help of the Integral Index of Reforms, that contains 20 partial indexes, reforms in different areas have been measured. The Integral Index of Reforms was constructed based on principle component analysis; contribution of sub-indexes was defined through panel data regression. Based on this methodology various reforms have been assessed and analysed for 2012-2017 in three Transcaucasian Republics: Armenia, Georgia and Azerbaijan.

Suggested Citation

  • Davoyan, Samson & Galoyan, Lusya & Ayvazyan, Knarik & Kurghinyan, Roza, 2019. "Assessment of Comparative Efficiency Based on Integral Index of Reforms: Evidence from Transcaucasian Republics," Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference (2019), Rovinj, Croatia, in: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Rovinj, Croatia, 12-14 September 2019, pages 149-159, IRENET - Society for Advancing Innovation and Research in Economy, Zagreb.
    • Handle: RePEc:zbw:entr19:207675
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    File URL: https://www.econstor.eu/bitstream/10419/207675/1/19-ENT-2019-Davoyan-et-al-149-159.pdf
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    References listed on IDEAS

    as
    1. James H. Stock & Mark W. Watson, 1989. "New Indexes of Coincident and Leading Economic Indicators," NBER Chapters, in: NBER Macroeconomics Annual 1989, Volume 4, pages 351-409, National Bureau of Economic Research, Inc.
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    More about this item

    Keywords

    reform; comparative efficiency; integral index of reforms; Armenia; Georgia; Azerbaijan;
    All these keywords.

    JEL classification:

    • E66 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General Outlook and Conditions
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • F01 - International Economics - - General - - - Global Outlook
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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