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...

Full description

Saved in:
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
Online AccessGet full text

Cover

Loading…
Abstract — 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.
AbstractList — 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.
Abstract—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.
Author Sandoyan, E. M.
Voskanyan, M. A.
Galstyan, A. G.
Author_xml – sequence: 1
  givenname: E. M.
  surname: Sandoyan
  fullname: Sandoyan, E. M.
  organization: Russian-Armenian University
– sequence: 2
  givenname: M. A.
  surname: Voskanyan
  fullname: Voskanyan, M. A.
  email: mariam.voskanyan@rau.am
  organization: Russian-Armenian University
– sequence: 3
  givenname: A. G.
  surname: Galstyan
  fullname: Galstyan, A. G.
  organization: Russian-Armenian University
BookMark eNplUMtOwzAQtFCRaAsfwM0S54DXjzjlFlV9IIqQSu-RkzhtqtZu7VQonPgH_pAvwVGROHDZ2dWMRjszQD1jjUboFsg9AOMPb0CkkIRIysMEKS5QHwSDKIlj3gt7oKOOv0ID77eEcM7jpI-OqVG79qM2a6xMiVPvtffd9axbPFVFY53HlXV4Xq83eKka7bGt8KSwxu7rAs-cfW82uDY4dXttatWtlFD6_fkVgD3ilzbwnfdSq13dtNfoslI7r29-cYhW08lqPI8Wr7OncbqIDhJEpBOAJKac6QI0JSMhKMl5XhZ5eL0UI0JKKqgaEVCFLJlMIAZFk5JARSXVnA3R3dn24OzxpH2Tbe3JhbA-Y0CEiBlNRFDRs8ofXEit3Z8KSNY1m_1rlv0AcAdqiw
ContentType Journal Article
Copyright Pleiades Publishing, Ltd. 2024. ISSN 1075-7007, Studies on Russian Economic Development, 2024, Vol. 35, No. 5, pp. 636–645. © Pleiades Publishing, Ltd., 2024. Russian Text © The Author(s), 2024.
Copyright_xml – notice: Pleiades Publishing, Ltd. 2024. ISSN 1075-7007, Studies on Russian Economic Development, 2024, Vol. 35, No. 5, pp. 636–645. © Pleiades Publishing, Ltd., 2024. Russian Text © The Author(s), 2024.
DBID 7TQ
DHY
DON
DOI 10.1134/S1075700724700175
DatabaseName PAIS Index
PAIS International
PAIS International (Ovid)
DatabaseTitle PAIS International
DatabaseTitleList
PAIS International
DeliveryMethod fulltext_linktorsrc
Discipline Economics
EISSN 1531-8664
EndPage 645
ExternalDocumentID 10_1134_S1075700724700175
GeographicLocations Armenia
GeographicLocations_xml – name: Armenia
GroupedDBID -57
-5G
-BR
-EM
-Y2
-~C
.VR
0-V
06D
0R~
0VY
123
1N0
29Q
2J2
2JN
2JY
2KG
2KM
2LR
2VQ
2~H
30V
3V.
4.4
408
40D
40E
5VS
6NX
7WY
8FL
8TC
95-
95.
95~
96X
AAAVM
AABHQ
AACDK
AAHNG
AAIAL
AAJBT
AAJKR
AANZL
AARHV
AARTL
AASML
AATNV
AATVU
AAUYE
AAWCG
AAYIU
AAYQN
AAYTO
ABAKF
ABBBX
ABDZT
ABECU
ABFTV
ABHLI
ABHQN
ABJNI
ABJOX
ABKCH
ABKTR
ABMNI
ABMQK
ABNWP
ABQBU
ABSXP
ABTEG
ABTHY
ABTKH
ABTMW
ABULA
ABUWG
ABWNU
ABXPI
ACAOD
ACDTI
ACGFS
ACHSB
ACHXU
ACIPQ
ACKNC
ACMDZ
ACMLO
ACOKC
ACOMO
ACREN
ACSNA
ACZOJ
ADFRT
ADHHG
ADHIR
ADINQ
ADKNI
ADKPE
ADRFC
ADTPH
ADURQ
ADYFF
ADYOE
ADZKW
AEBTG
AEFQL
AEGAL
AEGNC
AEJHL
AEJRE
AEKMD
AEMSY
AEOHA
AEPYU
AETLH
AEVLU
AEXYK
AFBBN
AFGCZ
AFKRA
AFLOW
AFQWF
AFWTZ
AFYQB
AFZKB
AGAYW
AGDGC
AGJBK
AGMZJ
AGQMX
AGRTI
AGWIL
AGWZB
AGYKE
AHAVH
AHBYD
AHSBF
AHYZX
AIAKS
AIGIU
AIIXL
AILAN
AITGF
AJBLW
AJRNO
ALMA_UNASSIGNED_HOLDINGS
ALSLI
ALWAN
AMKLP
AMTXH
AMXSW
AMYLF
AMYQR
AOCGG
ARALO
ARMRJ
ASPBG
AVWKF
AXYYD
AZFZN
AZQEC
B-.
BA0
BAPOH
BDATZ
BENPR
BEZIV
BGNMA
BPHCQ
CAG
CCPQU
COF
CS3
CSCUP
DDRTE
DNIVK
DPSOV
DPUIP
DWQXO
EBLON
EBS
EIOEI
EJD
ESBYG
F5P
FEDTE
FERAY
FFXSO
FIGPU
FINBP
FNLPD
FRNLG
FRRFC
FSGXE
FWDCC
GGCAI
GGRSB
GJIRD
GNUQQ
GNWQR
GQ6
GQ7
GROUPED_ABI_INFORM_COMPLETE
H13
HF~
HG6
HLICF
HMJXF
HRMNR
HVGLF
HZ~
IJ-
IKXTQ
IWAJR
IXD
I~X
I~Z
J-C
JBSCW
JZLTJ
K60
K6~
KC-
KOV
LLZTM
M0C
M2L
M2R
M4Y
MA-
N2Q
NB0
NPVJJ
NQJWS
NU0
O9-
O93
O9G
O9J
P9M
PF0
PQBIZ
PQBZA
PQQKQ
PROAC
PT4
Q2X
QOS
R89
R9I
RIG
ROL
RSV
S16
S1Z
S27
S3B
SAP
SBE
SDH
SHX
SISQX
SJYHP
SNE
SNPRN
SNX
SOHCF
SOJ
SPISZ
SRMVM
SSLCW
STPWE
SZN
T13
TSG
TUC
UG4
UOJIU
UTJUX
UZXMN
VC2
VFIZW
W23
W48
WK8
XU3
YLTOR
Z81
ZMTXR
~A9
7TQ
DHY
DON
ID FETCH-LOGICAL-p715-e81186243ec1e2095520b4bdcb004d5900d252a901ac7d378161a28d01f272e43
IEDL.DBID AGYKE
ISSN 1075-7007
IngestDate Thu Oct 10 21:48:54 EDT 2024
Tue Sep 17 03:14:33 EDT 2024
IsPeerReviewed true
IsScholarly true
Issue 5
Keywords Armenia
exogenous factors of economic growth
developing economy
economic growth
Language English
LinkModel DirectLink
MergedId FETCHMERGED-LOGICAL-p715-e81186243ec1e2095520b4bdcb004d5900d252a901ac7d378161a28d01f272e43
PQID 3105563285
PQPubID 326298
PageCount 10
ParticipantIDs proquest_journals_3105563285
springer_journals_10_1134_S1075700724700175
PublicationCentury 2000
PublicationDate 20241001
PublicationDateYYYYMMDD 2024-10-01
PublicationDate_xml – month: 10
  year: 2024
  text: 20241001
  day: 01
PublicationDecade 2020
PublicationPlace Moscow
PublicationPlace_xml – name: Moscow
PublicationTitle Studies on Russian economic development
PublicationTitleAbbrev Stud. Russ. Econ. Dev
PublicationYear 2024
Publisher Pleiades Publishing
Springer Nature B.V
Publisher_xml – name: Pleiades Publishing
– name: Springer Nature B.V
References SchumpeterJ. A.Business Cycles: A Theoretical, Historical and Statistical Analysis of the Capitalist Process1939New York, Toronto, LondonMcGraw-Hill Book Company
AcemogluD.RobinsonD. A.Why are some Countries Rich and Others Poor. The Origin of Power, Prosperity and Poverty2015MoscowAST
KriesiH.GrandeE.LachatR.DolezalM.BornschierS.FreyT.Globalization and the transformation of the national political space: Six European countries comparedEuropean Journal of Political Research20064592195610.1111/j.1475-6765.2006.00644.x
VoskanyanM.Economic impact of Covid 19 for ArmeniaR-economy2020618319510.15826/recon.2020.6.3.016
BorioC.RestoyF.Reflections on regulatory responses to the Covid-19 pandemicFSI Briefs2020115
KasperowiczR.ŠtreimikienėD.Economic growth and energy consumption: A comparison of comparative analysis of V4 and ‘old’ EU countriesJournal of International Studies2016918119410.14254/2071-8330.2016/9-2/14
PodkaminerL.The Euro area’s secular stagnation and what can be done about it. A post-Keynesian perspectiveReal World Economics Review, No.201570116
CapelloR.PeruccaG.Openness to globalization and regional growth patterns in CEE countries: From the EU accession to the economic crisisJCMS: Journal of Common Market Studies201553218236
O. J. Blanchard and L. H. Summers, Rethinking Stabilization Policy: Evolution or Revolution?, Working Paper, No. w24179 (National Bureau of Economic Research, 2018). https://www.nber.org/system/files/working_papers/w24179/w24179.pdf.
KisslerS. M.TedijantoC.GoldsteinE.GradY. H.LipsitchM.Projecting the transmission dynamics of SARS-CoV-2 through the postpandemic periodScience202036886086810.1126/science.abb5793
ByrneD. M.FernaldJ. G.ReinsdorfM. B.Does the United States have a productivity slowdown or a measurement problem?Brookings Papers on Economic Activity, No.2016110918210.1353/eca.2016.0014
GreenspanA.WooldridgeA.Capitalism in America: An Economic History of the United States2018New YorkPenguin
StoianA.Obreja BrașoveanuL.BrașoveanuI. V.DumitrescuB. A.Framework to assess fiscal vulnerability: Empirical evidence for European Union countriesSustainability201810248210.3390/su10072482
PietrzakM. B.BalcerzakA. P.Quality of Human Capital and Total Factor Productivity in New EU Member States2016ToruńInstitute of Economic Research
VoskanyanM.ParonyanL.“Solving fiscal problems through monetary policy mechanisms: Case of Armenia,” FinanceTheory and Practice202024618110.26794/2587-5671-2020-24-6-61-81
United Nations, Shared responsibility, global solidarity: Responding to the socio-economic impacts of COVID-19, March, 2020. https://unsdg.un.org/sites/default/ files/2020-03/SG-Report-Socio-Economic-Impact-of-Covid19.pdf.
M. Feldstein, “The US underestimates growth,” Wall Street Journal, No. 18, 105–128 (2015).
FernaldJ. G.JonesC. I.The future of US economic growthAmerican Economic Review2014104444910.1257/aer.104.5.44
VoskanyanM.ParonyanL.“Coordination of Fiscal and Monetary Regulation in Armenia,” FinanceTheory and Practice20202410511810.26794/2587-5671-2020-24-1-105-118
R. F. Inglehart and N. P. Trump, Brexit, and the Rise of Populism: Economic Have-Nots and Cultural Backlash, HKS Faculty Research Working Paper Series, No. RWP16-026 (2016). https://www.hks.harvard.edu/publications/trump-brexit-and-rise-populism-economic-have-nots-and-cultural-backlash.
IMF, World Economic Outlook: A Long and Difficult Ascent, October 2020, p. 1. https://www.imf.org/en/Publications/WEO/Issues/2020/09/30/world-economic-outlook-october-2020.
References_xml
SSID ssj0044468
Score 2.331943
Snippet — 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...
Abstract—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...
SourceID proquest
springer
SourceType Aggregation Database
Publisher
StartPage 636
SubjectTerms Economic growth
Economics
Economics and Finance
Geopolitics
International Economics
Long term
Macroeconomic Problems
Macroeconomics
Reality
Sustainability
Title Analyzing and Assessing Key Factors for High Rates of Economic Growth in Armenia in 2022–2023: Myth and Reality
URI https://link.springer.com/article/10.1134/S1075700724700175
https://www.proquest.com/docview/3105563285
Volume 35
hasFullText 1
inHoldings 1
isFullTextHit
isPrint
link http://utb.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMwlV1PT8IwFG8QDnrxvxFF0oM3M6RdS6c3MAwjkQNigieyrl00xKEyDnDyO_gN_SS-dptG8cJtS7e35e21_b29Pz-ETm3XL1aPHH6hQod5kedI6QUODwgJpZDcjWyWb69xfc9uhnxYQPT710U8ruURSbtQp7Qj7PwO_BTTi11QZkKlgq-hUlZ3Wmp2HrrtfP1l4OCkBXCCO-aGLJb5r5BfuPJPKNTuMP5WWvU3tY0JTWLJuDZLZC1cLLdtXOHlt9FmBjhxM7WQHVTQ8S5az-uRp3vo1fYlWYA4HMQKp1Fgc9bVc-yndDwYoC02KSG4b7ApnkQ4l4A74Mgnj_gphmc8m9Q9c0hh0_58_zCs6Zf4dg7jRnZfW9S_jwZ-e3B17WREDM6LINzRHnghDcpcHRJNTc86WpdMqtBMeWVoRxXlNABkEYRCucIDFBlQT9VJRAXVzD1AxXgS60OElVZUESlCDdCFARgKGVFeEEgiYZdkpIwq-fcYZZNpOnItiadLPV5GZ7l-f4atG-Oy0ZKSj1a6-hhtgFJYmqhXQcXkbaZPAHAksgoW5rdavWpmaV9Iccqq
link.rule.ids 315,783,787,27936,27937,41093,42162,52123
linkProvider Springer Nature
linkToHtml http://utb.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMwlV07T8MwED5BO5SFN6JQwAMbSqkduw5sFeoD-hhKkcoUxbEjECIFmg7txH_gH_JLsJNYiMLClsjJxbrYvu90jw_gNO36RWuRwy5k6FAv8hwhvMBhAcah4IK5UZrlO6h37ujNmI3zOu6pzXa3Icn0pM54R-j5rXZUTDN2TqiJlXK2CkVKcJ0UoNho33eb9gCm2sPJKuA4c8wLeTDzTyE_gOVSLDQ1Ma0NGNnJZZklT9VZIqrhYqlv4z9nvwnrOeREjWyNbMGKirehZCuSpzvwmnYmWWhxKIglyuLA5q6r5qiVEfIgDW6RSQpBQ4NO0SRCVgJqa1c-eUCPsf7Gs0neM5dEm-3P9w_Dm36J-nM9bmQPVYr7d2HUao6uOk5OxeC8cMwc5Wk_pE6oq0KsiOlaR2qCChmaTS8N8agkjAQaWwQhly73NI4MiCdrOCKcKOruQSGexGofkFSSSCx4qDR4oRoOhRRLLwgEFtpOUlyGiv0hfr6dpr6b0ni6xGNlOLP6_R5OHRmX-r-UfPCvp0-g1Bn1e37vetA9hDWtIJql7VWgkLzN1JGGH4k4zpfbF_G6zQI
linkToPdf http://utb.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMwpV3PT8IwFH5RSNSLv40oag_ezIB2LZ3eiDJQlBjEBE-4rl00xoEyDnDyf_A_9C-x3Y8Y0YvxtqXbW9d17ffy3vs-gMOY9YtWAosdS9-iTuBYQjiexTyMfcEFs4M4y7ddbd7Six7rpTqnoyzbPQtJJjUNhqUpjMpDGaQaJLR8o50WQ8zOCTVxU87mIU8NMVIO8rXGXaueLcZUeztJNRxnlrkhDWz-auQbyJyJi8bbjbsC91lHkyyTp9I4EiV_OsPh-I83WYXlFIqiWjJ31mBOheuwmFUqjzbgJWYsmWrTyAslSuLD5qylJshNhHqQBr3IJIugjkGtaBCgzAJqaBc_ekCPoX7Gs0nqM4dEb-cfb-9GT_0EXU10u7HdUbE_sAldt949bVqpRIM15JhZytH-SZVQW_lYEcNmRyqCCumbxUAaQVJJGPE05vB8Lm3uaHzpEUdWcEA4UdTeglw4CNU2IKkkkVhwX2lQQzVM8imWjucJLPT-SXEBitnH6ae_2ahvx_KeNnFYAY6ysf5qjh0cm_Z_DPLOn64-gIXrM7d_ed5u7cKSHh-aZPMVIRe9jtWeRiWR2E9n3id2a9Xm
openUrl ctx_ver=Z39.88-2004&ctx_enc=info%3Aofi%2Fenc%3AUTF-8&rfr_id=info%3Asid%2Fsummon.serialssolutions.com&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.atitle=Analyzing+and+Assessing+Key+Factors+for+High+Rates+of+Economic+Growth+in+Armenia+in+2022%E2%80%932023%3A+Myth+and+Reality&rft.jtitle=Studies+on+Russian+economic+development&rft.au=Sandoyan%2C+E.+M&rft.au=Voskanyan%2C+M.+A&rft.au=Galstyan%2C+A.+G&rft.date=2024-10-01&rft.pub=Springer+Nature+B.V&rft.issn=1075-7007&rft.eissn=1531-8664&rft.volume=35&rft.issue=5&rft.spage=636&rft.epage=645&rft_id=info:doi/10.1134%2FS1075700724700175&rft.externalDBID=HAS_PDF_LINK
thumbnail_l http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/lc.gif&issn=1075-7007&client=summon
thumbnail_m http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/mc.gif&issn=1075-7007&client=summon
thumbnail_s http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/sc.gif&issn=1075-7007&client=summon