Analyzing and Assessing Key Factors for High Rates of Economic Growth in Armenia in 2022–2023: Myth and Reality

— This article is devoted to the analysis and assessment of the factors in economic growth in Armenia over the past two years and revising approaches to macroeconomic regulation in order to ensure sustainable economic growth in the long term. This study made it possible to identify the main reasons...

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Bibliographic Details
Published inStudies on Russian economic development Vol. 35; no. 5; pp. 636 - 645
Main Authors Sandoyan, E. M., Voskanyan, M. A., Galstyan, A. G.
Format Journal Article
LanguageEnglish
Published Moscow Pleiades Publishing 01.10.2024
Springer Nature B.V
Subjects
Economic growth
Economics
Economics and Finance
Geopolitics
International Economics
Long term
Macroeconomic Problems
Macroeconomics
Reality
Sustainability
Armenia
Armenia
exogenous factors of economic growth
developing economy
economic growth
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Summary:— This article is devoted to the analysis and assessment of the factors in economic growth in Armenia over the past two years and revising approaches to macroeconomic regulation in order to ensure sustainable economic growth in the long term. This study made it possible to identify the main reasons for economic growth in Armenia over 2022–2023 in terms of exogenous impact under the new geopolitical reality. The key conclusion of the study was the premise about the short-term nature of the double-digit growth in the last two years, which is more due to external factors, and the need to focus on the endogenous factors of economic growth in the long term.
ISSN:1075-7007
1531-8664
DOI:10.1134/S1075700724700175