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Raising Armenia’s Export Potential
Author:
Klakow Akepanidtaworn
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,
Lili Karapetyan
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,
Nathalie Reyes
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, and
Ms. Yulia Ustyugova
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Series:
IMF Working Papers
Volume/Issue:
Volume 2022: Issue 214
Language:
English
Publication Date:
28 Oct 2022
DOI:
https://doi.org/10.5089/9798400224379.001
ISBN:
9798400224379
ISSN:
1018-5941
Pages:
34
Keywords:
Empirical Studies of Trade; Trade Policy; Armenia trade agreements; Armenia's export potential; policy valuables; export Complexity; unit root; Exports; Export performance; Service exports; Trade agreements; Real effective exchange rates; Global; Europe
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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Raising Armenia’s long-term growth prospects is critical to meet the pressing need for jobs, achieve higher living standards, and arrest emigration. Armenia’s long-term growth prospects have weakened since the global COVID-19 crisis, while recent global and regional the geopolitical developments added new shocks. This paper argues that there is a need to boost the potential of the tradable sector by focusing on products with higher complexity to sustainably increase Armenia’s growth rate. It provides an overview of Armenia’s export performance, analyzes factors and policy valuables that affect export outcomes in terms of volumes and composition, and draws policy implications.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 2022: Issue 214