Publication:
Republic of Armenia : Accumulation, Competition, and Connectivity

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dc.contributor.authorWorld Bank
dc.date.accessioned2013-10-02T18:45:47Z
dc.date.available2013-10-02T18:45:47Z
dc.date.issued2013-04
dc.description.abstractBy 2013, the Armenian economy has left behind most of the hangover from the global financial crisis and a look at medium-to long-term growth drivers is therefore in order. Real Gross Domestic Product (GDP) growth reached 7.2 percent in 2012, and the current account deficit narrowed, although it remained high. Macroeconomic buffers have been rebuilt to some extent, although the public debt-to-GDP ratio, at 44 percent, remains too high to relax fiscal restraints. The central tenet of this report is that the government's job creation agenda requires a different growth model than the one followed before the global crisis. Reaching the goals of the government's strategy will require a combination of four factors: 1) higher investment and better financial intermediation between savers and investors; 2) better utilization of the labor force, including the largely untapped resource of Armenians abroad; 3) stronger competitive pressures in the markets for goods and services, which will improve incentives for companies to innovate, adopt new technologies, and become more efficient; and 4) enhanced connections of the landlocked Armenian economy with world markets, including through land, air, and through internet and communication technologies. This report's theoretical framework emphasizes structural reforms to drive growth. Economic growth theory distinguishes between accumulation of the factors of production and enhancing the productivity with which these factors are employed.en
dc.identifierhttp://documents.worldbank.org/curated/en/2013/04/18042068/armenia-accumulation-competition-connectivity
dc.identifier.doi10.1596/16032
dc.identifier.urihttps://hdl.handle.net/10986/16032
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO INFORMATION
dc.subjectAGGREGATE DEMAND
dc.subjectAGRICULTURAL OUTPUT
dc.subjectAGRICULTURAL PRODUCTION
dc.subjectBARRIERS TO COMPETITION
dc.subjectBARRIERS TO ENTRY
dc.subjectBARRIERS TO GROWTH
dc.subjectBEHAVIOR OF PRICES
dc.subjectBOND MARKET
dc.subjectBONDS
dc.subjectBUSINESS ENVIRONMENT
dc.subjectCAPITAL ACCUMULATION
dc.subjectCAPITAL FLOW
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL FORMATION
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL MARKETS
dc.subjectCARTELS
dc.subjectCENTRAL BANK
dc.subjectCENTRAL DEPOSITORY
dc.subjectCOAL
dc.subjectCOLLATERAL
dc.subjectCOLLATERAL BACKING
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMODITY
dc.subjectCOMMODITY PRICES
dc.subjectCOMMUNICATION TECHNOLOGIES
dc.subjectCOMMUNICATION TECHNOLOGY
dc.subjectCOMMUNICATIONS TECHNOLOGY
dc.subjectCOMPETITION FRAMEWORK
dc.subjectCOMPETITION POLICY
dc.subjectCOMPETITIVE MARKETS
dc.subjectCOMPETITIVENESS
dc.subjectCONCEPTUAL FRAMEWORK
dc.subjectCONFIDENTIALITY
dc.subjectCONNECTIVITY
dc.subjectCONSUMER PRICE INDEX
dc.subjectCORPORATE CLIENTS
dc.subjectCOUNTRY DEVELOPMENT
dc.subjectCPI
dc.subjectCREDIT FACILITY
dc.subjectCREDIT INSTITUTIONS
dc.subjectCREDIT PRODUCTS
dc.subjectCRITICAL MASS
dc.subjectCURRENCY
dc.subjectCURRENT ACCOUNT BALANCE
dc.subjectCUSTOMER SERVICE
dc.subjectDEBT
dc.subjectDECISION MAKING
dc.subjectDEPOSIT
dc.subjectDEPOSIT RATE
dc.subjectDEPOSITS
dc.subjectDOMESTIC COMPETITION
dc.subjectDOMESTIC ECONOMY
dc.subjectDOMESTIC INVESTORS
dc.subjectDOMESTIC MARKET
dc.subjectECONOMIC CRISIS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC DEVELOPMENTS
dc.subjectECONOMIC DYNAMISM
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC INTEGRATION
dc.subjectELECTRICITY GENERATION
dc.subjectEMERGING ECONOMIES
dc.subjectENTRY POINT
dc.subjectEXCHANGE RATE
dc.subjectEXPENDITURES
dc.subjectEXTERNAL TRADE
dc.subjectEXTERNALITIES
dc.subjectFACTORS OF PRODUCTION
dc.subjectFEDERAL RESERVE
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL INFRASTRUCTURE
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL MARKET DEVELOPMENT
dc.subjectFINANCIAL PRODUCTS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SECTOR DEVELOPMENT
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL SYSTEM
dc.subjectFISCAL DEFICIT
dc.subjectFIXED COSTS
dc.subjectFIXED INCOME
dc.subjectFOOD PRICES
dc.subjectFOREIGN CAPITAL
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN DIRECT INVESTMENTS
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN INVESTMENTS
dc.subjectFOREIGN INVESTORS
dc.subjectFORESTRY
dc.subjectFUND INFORMATION
dc.subjectGDP
dc.subjectGLOBAL MARKET
dc.subjectGLOBAL MARKETS
dc.subjectGOVERNMENT BOND
dc.subjectGOVERNMENT DEBT
dc.subjectGOVERNMENT INTERVENTIONS
dc.subjectGOVERNMENT SECURITIES
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectHIGH UNEMPLOYMENT
dc.subjectHOME COUNTRY
dc.subjectHUMAN CAPITAL
dc.subjectINCOMES
dc.subjectINFLATION DYNAMICS
dc.subjectINFLATION TARGETING
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINFRASTRUCTURE INVESTMENTS
dc.subjectINFRASTRUCTURE PROJECTS
dc.subjectINNOVATIVE TECHNOLOGY
dc.subjectINSURANCE
dc.subjectINTANGIBLE
dc.subjectINTELLECTUAL PROPERTY
dc.subjectINTERNATIONAL MARKETS
dc.subjectINTERNATIONAL RESERVES
dc.subjectINTERNATIONAL TRADE
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTOR CONFIDENCE
dc.subjectIRRATIONAL EXUBERANCE
dc.subjectJOB CREATION
dc.subjectLABOR COSTS
dc.subjectLABOR FORCE
dc.subjectLABOR MARKET
dc.subjectLABOR PRODUCTIVITY
dc.subjectLAW ENFORCEMENT
dc.subjectLEGAL FRAMEWORK
dc.subjectLIBERALIZATION
dc.subjectLIVING CONDITIONS
dc.subjectMACROECONOMIC MANAGEMENT
dc.subjectMACROECONOMIC STABILITY
dc.subjectMARGINAL COSTS
dc.subjectMARKET ACCESS
dc.subjectMARKET BEHAVIOR
dc.subjectMARKET COMPETITION
dc.subjectMARKET CONDITIONS
dc.subjectMARKET DISTORTIONS
dc.subjectMARKET DOMINANCE
dc.subjectMARKET PARTICIPANTS
dc.subjectMARKET POWER
dc.subjectMARKET REGULATION
dc.subjectMARKET REGULATIONS
dc.subjectMARKET SECURITIES
dc.subjectMARKET STRUCTURE
dc.subjectMARKET STRUCTURES
dc.subjectMARKET TRENDS
dc.subjectMETALS
dc.subjectMICROFINANCE
dc.subjectMONOPOLY
dc.subjectMORTGAGE
dc.subjectMORTGAGE COMPANY
dc.subjectMULTINATIONAL CORPORATION
dc.subjectNATIONAL INCOME
dc.subjectNATURAL MONOPOLIES
dc.subjectNEW MARKET
dc.subjectNEW PRODUCTS
dc.subjectOIL
dc.subjectOVERHEAD COSTS
dc.subjectPENSION
dc.subjectPOLICY MAKERS
dc.subjectPORTFOLIO
dc.subjectPRICE DIFFERENCES
dc.subjectPRICE FIXING
dc.subjectPRIMARY MARKET
dc.subjectPRIVATE EQUITY
dc.subjectPRIVATE SAVING
dc.subjectPRIVATIZATION
dc.subjectPRODUCTION TECHNOLOGY
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC SAVING
dc.subjectRAPID DEVELOPMENT
dc.subjectREAL ESTATE
dc.subjectREAL GROWTH RATE
dc.subjectRECYCLING
dc.subjectREGULATOR
dc.subjectREGULATORS
dc.subjectREGULATORY AUTHORITY
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY RESTRICTIONS
dc.subjectRESOURCE ALLOCATION
dc.subjectRETAINED EARNINGS
dc.subjectSAFETY NET
dc.subjectSAVINGS
dc.subjectSECURITIES
dc.subjectSECURITIES MARKETS
dc.subjectSECURITIES REGULATION
dc.subjectSECURITY INTEREST
dc.subjectSHAREHOLDER
dc.subjectSKILL SHORTAGES
dc.subjectSKILLED WORKERS
dc.subjectSMALL COUNTRY
dc.subjectSOLAR GENERATION
dc.subjectSTOCK MARKET
dc.subjectSTOCK MARKET CAPITALIZATION
dc.subjectSUSTAINABILITY ANALYSIS
dc.subjectTAX
dc.subjectTAX REVENUE
dc.subjectTAX TREATMENT
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTRANSPARENCY
dc.subjectTURNOVER
dc.subjectUNEMPLOYMENT
dc.subjectURBAN DEVELOPMENT
dc.subjectVALUE ADDED
dc.subjectVERTICAL INTEGRATION
dc.subjectVOLATILITY
dc.subjectWELFARE GAINS
dc.subjectWORKING CAPITAL
dc.subjectWORLD DEVELOPMENT INDICATORS
dc.subjectWORLD MARKETS
dc.subjectWORLD TRADE
dc.subjectWORLD TRADE ORGANIZATION
dc.subjectWTO
dc.titleRepublic of Armenia : Accumulation, Competition, and Connectivityen
dspace.entity.typePublication
okr.date.disclosure2013-07-26
okr.date.doiregistration2025-05-07T11:51:09.311334Z
okr.doctypeEconomic & Sector Work::Country Economic Memorandum
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2013/04/18042068/armenia-accumulation-competition-connectivity
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeEnvironment and Natural Resources
okr.globalpracticeFinance and Markets
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid356101468206965962
okr.identifier.externaldocumentum000356161_20130726120252
okr.identifier.internaldocumentum18042068
okr.identifier.report76827
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/07/26/000356161_20130726120252/Rendered/PDF/768270ESW0P1270ox379788B00PUBLIC000.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryArmenia
okr.sectorPublic Administration, Law, and Justice :: General public administration sector
okr.sectorEducation :: General education sector
okr.sectorFinance :: General finance sector
okr.sectorHealth and other social services :: Health
okr.sectorIndustry and trade :: General industry and trade sector
okr.themeEconomic management :: Analysis of economic growth
okr.themeEconomic management :: Debt management and fiscal sustainability
okr.themeEconomic management :: Macroeconomic management
okr.themePublic sector governance :: Tax policy and administration
okr.themeTrade and integration :: Export development and competitiveness
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPrivate Sector Development::Emerging Markets
okr.topicEconomic Theory and Research
okr.topicMacroeconomics and Economic Growth::Markets and Market Access
okr.topicEnvironmental Economics and Policies
okr.topicEnvironment
okr.unitMacroeconomics 1 (ECSP1)
okr.volume1 of 1
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