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Growth and Poverty Reduction in Armenia
			: Achievements and Challenges

Growth and Poverty Reduction in Armenia : Achievements and Challenges »

Series: IMF Special Issues

Author(s): Christian Beddies , Enrique Gelbard , James McHugh , Laure Redifer , and Garbis Iradian

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 November 2005

DOI: http://dx.doi.org/10.5089/9781589064515.058

ISBN: 9781589064515

Keywords: Economic growth, Poverty reduction, banking, banking system, tfp, tax revenues, tax administration

Since 2000, Armenia's economic performance has been remarkable. Real economic growth has averaged 11 percent a year, annual inflation has averaged 3 percent, and poverty and inequality have fallen. The country has...

Estimating Potential Growth in the Middle East and Central Asia1

Estimating Potential Growth in the Middle East and Central Asia1 »

Source: Estimating Potential Growth in the Middle East and Central Asia

Volume/Issue: 2015/62

Series: IMF Working Papers

Author(s): Pritha Mitra , Amr Hosny , Gohar Abajyan , and Mark Fischer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 March 2015

ISBN: 9781475545364

Keywords: potential growth, output gap, production function, Middle East, Central Asia., growth, capital, labor, tfp,

The Middle East and Central Asia's economic growth potential is slowing faster than in other emerging and developing regions, dampening hopes for reducing persistent unemployment and improving the region's genera...

Structural Reforms and Macroeconomic Performance - Country Cases

Structural Reforms and Macroeconomic Performance - Country Cases »

Source: Structural Reforms and Macroeconomic Performance - Country Cases

Volume/Issue: 2015/066

Series: Policy Papers

Author(s): International Monetary Fund. Strategy, Policy, & Review Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 October 2015

ISBN: 9781498344104

Keywords: Economic policy, Economic reforms, Balance of payments, Financial crises, Economic recovery, TFP, structural reform, factor productivity, reform effort, sector reform

As a companion piece to the Board paper on Structural Reforms and Macroeconomic Performance: Initial Considerations for the Fund, this paper presents a selection of case studies on the structural reform experiences...

Structural Reforms and Macroeconomic Performance - Country Cases

Structural Reforms and Macroeconomic Performance - Country Cases »

Source: Structural Reforms and Macroeconomic Performance - Country Cases

Volume/Issue: 2015/066

Series: Policy Papers

Author(s): International Monetary Fund. Strategy, Policy, & Review Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 October 2015

ISBN: 9781498344104

Keywords: Economic policy, Economic reforms, Balance of payments, Financial crises, Economic recovery, TFP, structural reform, factor productivity, reform effort, sector reform

As a companion piece to the Board paper on Structural Reforms and Macroeconomic Performance: Initial Considerations for the Fund, this paper presents a selection of case studies on the structural reform experiences...

CHAPTER 1. Armenia After a Decade of Reform

CHAPTER 1. Armenia After a Decade of Reform »

Source: Growth and Poverty Reduction in Armenia : Achievements and Challenges

Series: IMF Special Issues

Author(s): Christian Beddies , Enrique Gelbard , James McHugh , Laure Redifer , and Garbis Iradian

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 November 2005

ISBN: 9781589064515

Keywords: Economic growth, Poverty reduction, banking, banking system, tfp, tax revenues, tax administration

This chapter contains an assessment of Armenia’s transition from a state-dominated economy to a market-oriented one during the past 10 years. It begins with a brief discussion of the economic background and...

CHAPTER 2. Growth and Poverty Reduction

CHAPTER 2. Growth and Poverty Reduction »

Source: Growth and Poverty Reduction in Armenia : Achievements and Challenges

Series: IMF Special Issues

Author(s): Christian Beddies , Enrique Gelbard , James McHugh , Laure Redifer , and Garbis Iradian

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 November 2005

ISBN: 9781589064515

Keywords: Economic growth, Poverty reduction, banking, banking system, tfp, tax revenues, tax administration

This chapter reviews Armenia’s growth performance and poverty indicators since the early 1990s. It seeks to respond to the following four questions: What were the sources of growth? Can the recent rapid grow...

CHAPTER 3. Fiscal Adjustment

CHAPTER 3. Fiscal Adjustment »

Source: Growth and Poverty Reduction in Armenia : Achievements and Challenges

Series: IMF Special Issues

Author(s): Christian Beddies , Enrique Gelbard , James McHugh , Laure Redifer , and Garbis Iradian

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 November 2005

ISBN: 9781589064515

Keywords: Economic growth, Poverty reduction, banking, banking system, tfp, tax revenues, tax administration

Fiscal consolidation has been the cornerstone of Armenia’s successful stabilization. Between 1995 and 2000, the fiscal adjustment was primarily an expenditure-based phenomenon, and the quasi-fiscal sectors (...

CHAPTER 4. The Financial System and Growth

CHAPTER 4. The Financial System and Growth »

Source: Growth and Poverty Reduction in Armenia : Achievements and Challenges

Series: IMF Special Issues

Author(s): Christian Beddies , Enrique Gelbard , James McHugh , Laure Redifer , and Garbis Iradian

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 November 2005

ISBN: 9781589064515

Keywords: Economic growth, Poverty reduction, banking, banking system, tfp, tax revenues, tax administration

It is generally accepted that the financial system plays a pivotal role in economic development by mobilizing funds for investment projects with the highest probability of success. In fact, a well-functionin...

CHAPTER 5. International Integration

CHAPTER 5. International Integration »

Source: Growth and Poverty Reduction in Armenia : Achievements and Challenges

Series: IMF Special Issues

Author(s): Christian Beddies , Enrique Gelbard , James McHugh , Laure Redifer , and Garbis Iradian

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 November 2005

ISBN: 9781589064515

Keywords: Economic growth, Poverty reduction, banking, banking system, tfp, tax revenues, tax administration

Armenia’s high growth rates over the past three years have been fueled by fast-growing exports, donor inflows, remittances, and FDI. Strong export-led growth is rather surprising in a country that lacks natu...

CHAPTER 6. Summary

CHAPTER 6. Summary »

Source: Growth and Poverty Reduction in Armenia : Achievements and Challenges

Series: IMF Special Issues

Author(s): Christian Beddies , Enrique Gelbard , James McHugh , Laure Redifer , and Garbis Iradian

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 November 2005

ISBN: 9781589064515

Keywords: Economic growth, Poverty reduction, banking, banking system, tfp, tax revenues, tax administration

Despite geographical isolation, trade blockades, and occasional political upheaval, Armenia’s economic performance during the past four years has been remarkable. Growth has averaged nearly 12 percent and po...