Record Details

CURRENT ACCOUNT DEFICIT AND ECONOMIC GROWTH IN ARMENIA

Studies and Scientific Researchs. Economics Edition

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Field Value
 
Title CURRENT ACCOUNT DEFICIT AND ECONOMIC GROWTH IN ARMENIA
 
Creator Tunian, Arus
 
Subject balance of payments; economic growth; GDP; econometric estimation; integration
E20; F32
 
Description The article is devoted to the study of the problem of economic growth in Armenia. It is identified the nature of the balance of payments of the country, indicating a net debtor position, which leads to inherent deterioration of the international investment position. A small open economy of Armenia moves to a new phase of development, in the frame of the integration processes within the Customs Union and the Eurasian Economic Union of Russia, Belarus and Kazakhstan. One of the main characteristics of the Armenian economy vulnerability remains a negative balance in foreign trade, which continues to grow, despite the export growth. Economic growth is provided, as before, mostly due to the sale of raw materials - non-ferrous metals and metal ores, both in the primary as well as in the previous preprocessing. Estimating the econometric VAR models revealed that the negative current account impacts on GDP growth negatively.
 
Publisher Vasile Alecsandri University of Bacau
 
Contributor —
 
Date 2015-07-19
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
 
Identifier http://www.sceco.ub.ro/index.php/SCECO/article/view/299
10.29358/sceco.v0i21.299
 
Source STUDIES AND SCIENTIFIC RESEARCHES. ECONOMICS EDITION; No 21 (2015)
STUDII SI CERCETARI STIINTIFICE. SERIA STIINTE ECONOMICE; No 21 (2015)
2344-1321
2066-561X
 
Language eng
 
Relation http://www.sceco.ub.ro/index.php/SCECO/article/view/299/288
http://www.sceco.ub.ro/index.php/SCECO/article/downloadSuppFile/299/14