The Caucasian Tiger : Sustaining Economic Growth in Armenia
This book is intended to explain the factors underlying the stellar growth record that has led to Armenia's emergence as the Caucasian Tiger and to provide policy advice to the Armenian authorities to ensure the continuation of this growth. Th...
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| Format: | Publication |
| Language: | English en_US |
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Washington, DC: World Bank
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2007/01/7496630/caucasian-tiger-sustaining-economic-growth-armenia http://hdl.handle.net/10986/6644 |
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okr-10986-6644 |
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| recordtype |
oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English en_US |
| topic |
ACCOUNTABILITY ALLOCATION ALLOCATION OF RESOURCES ANNUAL BUDGET ANNUAL BUDGET PREPARATION ANNUAL RATE BASIC EDUCATION BUDGET EXECUTION BUDGET PLAN CAPITAL ACCUMULATION CAPITAL EXPENDITURES CAPITAL INVESTMENT CAPITAL INVESTMENTS CAPITAL PROJECTS CAPITAL SPENDING CAPITAL STOCK CENTRAL BANK CENTRAL GOVERNMENT CIVIL SERVICE CIVIL SERVICE REFORM CLASSIFICATION OF EXPENDITURE COMPETITIVENESS CONSTRAINED RESOURCE CONSUMERS CONTINGENT LIABILITIES COST RECOVERY DEBT DEBT MANAGEMENT DEBT SERVICE DEBT SUSTAINABILITY DECISION MAKING DEVELOPMENT STRATEGY DISTRIBUTION OF WELFARE DOMESTIC BORROWING DOMESTIC DEBT ECONOMIC CLASSIFICATION ECONOMIC GROWTH ECONOMIC PERFORMANCE EDUCATION SPENDING EDUCATIONAL ATTAINMENT EFFICIENCY IMPROVEMENTS EFFICIENCY OF PUBLIC SPENDING ELECTRICITY EXPENDITURE MANAGEMENT EXPENDITURE OUTCOMES EXPENDITURE POLICIES EXPENDITURES EXTERNAL FINANCING FINANCIAL CRISIS FINANCIAL PERFORMANCE FINANCIAL SUPPORT FINANCING ARRANGEMENTS FISCAL ADJUSTMENT FISCAL CONSOLIDATION FISCAL DEFICIT FISCAL DEFICITS FISCAL IMPACT FISCAL IMPLICATIONS FISCAL OPERATIONS FISCAL POSITION FISCAL RISK FISCAL RISKS FISCAL STANCE FISCAL STRATEGY GDP GDP PER CAPITA GOVERNMENT DEFICIT GOVERNMENT EMPLOYMENT GOVERNMENT EXPENDITURE GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT HARD BUDGET CONSTRAINT HEALTH CARE HEALTH INSURANCE HEALTH SECTOR HEALTH SERVICES HUMAN CAPITAL INDEXATION INEFFICIENCY INFLATION INTEREST COSTS INTEREST PAYMENTS INTEREST RATES LABOR TAXES LIVING STANDARDS LOCAL GOVERNMENTS LORENZ CURVE MACROECONOMIC ANALYSIS MACROECONOMIC FRAMEWORK MACROECONOMIC MANAGEMENT MACROECONOMIC STABILITY MARKET ECONOMY MINISTRY OF FINANCE NATIONAL STRATEGY NET LENDING OLD-AGE OPERATIONAL EFFICIENCY OPERATIONAL INEFFICIENCIES PER CAPITA INCOME PERSONNEL EXPENDITURES PERSONNEL EXPENSES POVERTY IMPACT POVERTY REDUCTION PRESENT VALUE PRIVATE INVESTMENT PRIVATE SECTOR PRIVATE SPENDING PRODUCTIVITY PRODUCTIVITY GROWTH PROGRAMS PUBLIC PUBLIC ACCOUNTABILITY PUBLIC ADMINISTRATION PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC EMPLOYMENT PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURE POLICY PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FINANCIAL MANAGEMENT PUBLIC HEALTH PUBLIC INTERVENTION PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR BORROWING PUBLIC SECTOR BORROWING REQUIREMENTS PUBLIC SECTOR DEFICIT PUBLIC SECTOR EFFICIENCY PUBLIC SECTOR PERFORMANCE PUBLIC SECTOR SPENDING PUBLIC SERVANTS PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SERVICES PUBLIC SPENDING PUBLIC SUBSIDIES PUBLIC WORKS REAL GROSS DOMESTIC PRODUCT RECURRENT EXPENDITURE RESOURCE ALLOCATIONS RESOURCE CONSTRAINTS ROAD NETWORK SANITATION SANITATION SERVICES SAVINGS SECTORAL ALLOCATION SECTORAL ALLOCATIONS SERVICE DELIVERY SERVICE PROVIDERS SOCIAL ASSISTANCE SOCIAL INSURANCE SOCIAL PROTECTION SOCIAL SECURITY SPENDING LEVELS STATE GUARANTEES STRUCTURE OF REVENUES SUSTAINABILITY ANALYSIS TAX TAX BASE TAX RATES TAX REVENUE TAX REVENUES TELECOMMUNICATIONS TOTAL EXPENDITURE TOTAL EXPENDITURES TOTAL PUBLIC SECTOR TRADE LIBERALIZATION TRANSITION ECONOMIES UTILITIES WAGES |
| spellingShingle |
ACCOUNTABILITY ALLOCATION ALLOCATION OF RESOURCES ANNUAL BUDGET ANNUAL BUDGET PREPARATION ANNUAL RATE BASIC EDUCATION BUDGET EXECUTION BUDGET PLAN CAPITAL ACCUMULATION CAPITAL EXPENDITURES CAPITAL INVESTMENT CAPITAL INVESTMENTS CAPITAL PROJECTS CAPITAL SPENDING CAPITAL STOCK CENTRAL BANK CENTRAL GOVERNMENT CIVIL SERVICE CIVIL SERVICE REFORM CLASSIFICATION OF EXPENDITURE COMPETITIVENESS CONSTRAINED RESOURCE CONSUMERS CONTINGENT LIABILITIES COST RECOVERY DEBT DEBT MANAGEMENT DEBT SERVICE DEBT SUSTAINABILITY DECISION MAKING DEVELOPMENT STRATEGY DISTRIBUTION OF WELFARE DOMESTIC BORROWING DOMESTIC DEBT ECONOMIC CLASSIFICATION ECONOMIC GROWTH ECONOMIC PERFORMANCE EDUCATION SPENDING EDUCATIONAL ATTAINMENT EFFICIENCY IMPROVEMENTS EFFICIENCY OF PUBLIC SPENDING ELECTRICITY EXPENDITURE MANAGEMENT EXPENDITURE OUTCOMES EXPENDITURE POLICIES EXPENDITURES EXTERNAL FINANCING FINANCIAL CRISIS FINANCIAL PERFORMANCE FINANCIAL SUPPORT FINANCING ARRANGEMENTS FISCAL ADJUSTMENT FISCAL CONSOLIDATION FISCAL DEFICIT FISCAL DEFICITS FISCAL IMPACT FISCAL IMPLICATIONS FISCAL OPERATIONS FISCAL POSITION FISCAL RISK FISCAL RISKS FISCAL STANCE FISCAL STRATEGY GDP GDP PER CAPITA GOVERNMENT DEFICIT GOVERNMENT EMPLOYMENT GOVERNMENT EXPENDITURE GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT HARD BUDGET CONSTRAINT HEALTH CARE HEALTH INSURANCE HEALTH SECTOR HEALTH SERVICES HUMAN CAPITAL INDEXATION INEFFICIENCY INFLATION INTEREST COSTS INTEREST PAYMENTS INTEREST RATES LABOR TAXES LIVING STANDARDS LOCAL GOVERNMENTS LORENZ CURVE MACROECONOMIC ANALYSIS MACROECONOMIC FRAMEWORK MACROECONOMIC MANAGEMENT MACROECONOMIC STABILITY MARKET ECONOMY MINISTRY OF FINANCE NATIONAL STRATEGY NET LENDING OLD-AGE OPERATIONAL EFFICIENCY OPERATIONAL INEFFICIENCIES PER CAPITA INCOME PERSONNEL EXPENDITURES PERSONNEL EXPENSES POVERTY IMPACT POVERTY REDUCTION PRESENT VALUE PRIVATE INVESTMENT PRIVATE SECTOR PRIVATE SPENDING PRODUCTIVITY PRODUCTIVITY GROWTH PROGRAMS PUBLIC PUBLIC ACCOUNTABILITY PUBLIC ADMINISTRATION PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC EMPLOYMENT PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURE POLICY PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FINANCIAL MANAGEMENT PUBLIC HEALTH PUBLIC INTERVENTION PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR BORROWING PUBLIC SECTOR BORROWING REQUIREMENTS PUBLIC SECTOR DEFICIT PUBLIC SECTOR EFFICIENCY PUBLIC SECTOR PERFORMANCE PUBLIC SECTOR SPENDING PUBLIC SERVANTS PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SERVICES PUBLIC SPENDING PUBLIC SUBSIDIES PUBLIC WORKS REAL GROSS DOMESTIC PRODUCT RECURRENT EXPENDITURE RESOURCE ALLOCATIONS RESOURCE CONSTRAINTS ROAD NETWORK SANITATION SANITATION SERVICES SAVINGS SECTORAL ALLOCATION SECTORAL ALLOCATIONS SERVICE DELIVERY SERVICE PROVIDERS SOCIAL ASSISTANCE SOCIAL INSURANCE SOCIAL PROTECTION SOCIAL SECURITY SPENDING LEVELS STATE GUARANTEES STRUCTURE OF REVENUES SUSTAINABILITY ANALYSIS TAX TAX BASE TAX RATES TAX REVENUE TAX REVENUES TELECOMMUNICATIONS TOTAL EXPENDITURE TOTAL EXPENDITURES TOTAL PUBLIC SECTOR TRADE LIBERALIZATION TRANSITION ECONOMIES UTILITIES WAGES Mitra, Saumya Andrew, Douglas Gyulumyan, Gohar Holden, Paul Kaminski, Bart Kuznetsov, Yevgeny Vashakmadze, Ekaterine The Caucasian Tiger : Sustaining Economic Growth in Armenia |
| geographic_facet |
Europe and Central Asia |
| description |
This book is intended to explain the
factors underlying the stellar growth record that has led to
Armenia's emergence as the Caucasian Tiger and to
provide policy advice to the Armenian authorities to ensure
the continuation of this growth. The book is presented in
two parts, with Part I containing the analysis and the
policy advice and Part II containing detailed background
papers. The attribution for the emergence of Armenia as the
Caucasian Tiger lies in the creation of an environment of
macroeconomic stability and the determined pursuit of
reforms aimed at establishing a market economy that was
integrated with the world. This book describes that story.
But the central focus of the book remains the reform agenda
for the future. It is argued that the continuation of high
rates of growth would require building defenses against
economic shocks the country may face, and this would entail
addressing the key vulnerabilities in today's economy.
Thus the book is intended not only as a case study of
success in post-Soviet economic transition, but also as a
candid piece of policy advice for the Armenian authorities |
| format |
Publications & Research :: Publication |
| author |
Mitra, Saumya Andrew, Douglas Gyulumyan, Gohar Holden, Paul Kaminski, Bart Kuznetsov, Yevgeny Vashakmadze, Ekaterine |
| author_facet |
Mitra, Saumya Andrew, Douglas Gyulumyan, Gohar Holden, Paul Kaminski, Bart Kuznetsov, Yevgeny Vashakmadze, Ekaterine |
| author_sort |
Mitra, Saumya |
| title |
The Caucasian Tiger : Sustaining Economic Growth in Armenia |
| title_short |
The Caucasian Tiger : Sustaining Economic Growth in Armenia |
| title_full |
The Caucasian Tiger : Sustaining Economic Growth in Armenia |
| title_fullStr |
The Caucasian Tiger : Sustaining Economic Growth in Armenia |
| title_full_unstemmed |
The Caucasian Tiger : Sustaining Economic Growth in Armenia |
| title_sort |
caucasian tiger : sustaining economic growth in armenia |
| publisher |
Washington, DC: World Bank |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2007/01/7496630/caucasian-tiger-sustaining-economic-growth-armenia http://hdl.handle.net/10986/6644 |
| _version_ |
1764398244428775424 |
| spelling |
okr-10986-66442021-04-23T14:02:26Z The Caucasian Tiger : Sustaining Economic Growth in Armenia Mitra, Saumya Andrew, Douglas Gyulumyan, Gohar Holden, Paul Kaminski, Bart Kuznetsov, Yevgeny Vashakmadze, Ekaterine ACCOUNTABILITY ALLOCATION ALLOCATION OF RESOURCES ANNUAL BUDGET ANNUAL BUDGET PREPARATION ANNUAL RATE BASIC EDUCATION BUDGET EXECUTION BUDGET PLAN CAPITAL ACCUMULATION CAPITAL EXPENDITURES CAPITAL INVESTMENT CAPITAL INVESTMENTS CAPITAL PROJECTS CAPITAL SPENDING CAPITAL STOCK CENTRAL BANK CENTRAL GOVERNMENT CIVIL SERVICE CIVIL SERVICE REFORM CLASSIFICATION OF EXPENDITURE COMPETITIVENESS CONSTRAINED RESOURCE CONSUMERS CONTINGENT LIABILITIES COST RECOVERY DEBT DEBT MANAGEMENT DEBT SERVICE DEBT SUSTAINABILITY DECISION MAKING DEVELOPMENT STRATEGY DISTRIBUTION OF WELFARE DOMESTIC BORROWING DOMESTIC DEBT ECONOMIC CLASSIFICATION ECONOMIC GROWTH ECONOMIC PERFORMANCE EDUCATION SPENDING EDUCATIONAL ATTAINMENT EFFICIENCY IMPROVEMENTS EFFICIENCY OF PUBLIC SPENDING ELECTRICITY EXPENDITURE MANAGEMENT EXPENDITURE OUTCOMES EXPENDITURE POLICIES EXPENDITURES EXTERNAL FINANCING FINANCIAL CRISIS FINANCIAL PERFORMANCE FINANCIAL SUPPORT FINANCING ARRANGEMENTS FISCAL ADJUSTMENT FISCAL CONSOLIDATION FISCAL DEFICIT FISCAL DEFICITS FISCAL IMPACT FISCAL IMPLICATIONS FISCAL OPERATIONS FISCAL POSITION FISCAL RISK FISCAL RISKS FISCAL STANCE FISCAL STRATEGY GDP GDP PER CAPITA GOVERNMENT DEFICIT GOVERNMENT EMPLOYMENT GOVERNMENT EXPENDITURE GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT HARD BUDGET CONSTRAINT HEALTH CARE HEALTH INSURANCE HEALTH SECTOR HEALTH SERVICES HUMAN CAPITAL INDEXATION INEFFICIENCY INFLATION INTEREST COSTS INTEREST PAYMENTS INTEREST RATES LABOR TAXES LIVING STANDARDS LOCAL GOVERNMENTS LORENZ CURVE MACROECONOMIC ANALYSIS MACROECONOMIC FRAMEWORK MACROECONOMIC MANAGEMENT MACROECONOMIC STABILITY MARKET ECONOMY MINISTRY OF FINANCE NATIONAL STRATEGY NET LENDING OLD-AGE OPERATIONAL EFFICIENCY OPERATIONAL INEFFICIENCIES PER CAPITA INCOME PERSONNEL EXPENDITURES PERSONNEL EXPENSES POVERTY IMPACT POVERTY REDUCTION PRESENT VALUE PRIVATE INVESTMENT PRIVATE SECTOR PRIVATE SPENDING PRODUCTIVITY PRODUCTIVITY GROWTH PROGRAMS PUBLIC PUBLIC ACCOUNTABILITY PUBLIC ADMINISTRATION PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC EMPLOYMENT PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURE POLICY PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FINANCIAL MANAGEMENT PUBLIC HEALTH PUBLIC INTERVENTION PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR BORROWING PUBLIC SECTOR BORROWING REQUIREMENTS PUBLIC SECTOR DEFICIT PUBLIC SECTOR EFFICIENCY PUBLIC SECTOR PERFORMANCE PUBLIC SECTOR SPENDING PUBLIC SERVANTS PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SERVICES PUBLIC SPENDING PUBLIC SUBSIDIES PUBLIC WORKS REAL GROSS DOMESTIC PRODUCT RECURRENT EXPENDITURE RESOURCE ALLOCATIONS RESOURCE CONSTRAINTS ROAD NETWORK SANITATION SANITATION SERVICES SAVINGS SECTORAL ALLOCATION SECTORAL ALLOCATIONS SERVICE DELIVERY SERVICE PROVIDERS SOCIAL ASSISTANCE SOCIAL INSURANCE SOCIAL PROTECTION SOCIAL SECURITY SPENDING LEVELS STATE GUARANTEES STRUCTURE OF REVENUES SUSTAINABILITY ANALYSIS TAX TAX BASE TAX RATES TAX REVENUE TAX REVENUES TELECOMMUNICATIONS TOTAL EXPENDITURE TOTAL EXPENDITURES TOTAL PUBLIC SECTOR TRADE LIBERALIZATION TRANSITION ECONOMIES UTILITIES WAGES This book is intended to explain the factors underlying the stellar growth record that has led to Armenia's emergence as the Caucasian Tiger and to provide policy advice to the Armenian authorities to ensure the continuation of this growth. The book is presented in two parts, with Part I containing the analysis and the policy advice and Part II containing detailed background papers. The attribution for the emergence of Armenia as the Caucasian Tiger lies in the creation of an environment of macroeconomic stability and the determined pursuit of reforms aimed at establishing a market economy that was integrated with the world. This book describes that story. But the central focus of the book remains the reform agenda for the future. It is argued that the continuation of high rates of growth would require building defenses against economic shocks the country may face, and this would entail addressing the key vulnerabilities in today's economy. Thus the book is intended not only as a case study of success in post-Soviet economic transition, but also as a candid piece of policy advice for the Armenian authorities 2012-05-30T14:35:27Z 2012-05-30T14:35:27Z 2007 http://documents.worldbank.org/curated/en/2007/01/7496630/caucasian-tiger-sustaining-economic-growth-armenia 0-8213-6811-4 http://hdl.handle.net/10986/6644 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication Europe and Central Asia |