Publication Details:
Journal or Publication Title:
Ագրոգիտություն և տեխնոլոգիա=Agriscience and Technology= Агронаука и технология
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Corporate Creators:
Հայաստանի ազգային ագրարային համալսարան
Contributor(s):
Գլխավոր խմբագիր՝ Հ. Ս. Ծպնեցյան
Subject:
Agricultural Economics and Agribusiness
Uncontrolled Keywords:
gross output ; import ; marketability of agriculture ; regression model ; Russian ruble
Coverage:
Abstract:
Among the factors influencing the indicators characterizing the development of agriculture in the Republic of Armenia (RA), the exchange rate of the Russian ruble stands out, given that a significant portion of Armenia’s agricultural exports and the import of essential material resources are directed to and sourced from Russia. A comprehensive understanding of the impact of the Russian ruble exchange rate on these indicators is impossible without a quantitative assessment. This aspect has so far received insufficient attention in the economic literature. In this article, such an assessment was carried out using a regression model. As a result, indicators were identified – namely, the gross output value of agriculture, the level of marketability, and the import volume of product of agricultural origin – that exhibit a statistical relationship with the Russian ruble exchange rate. Additionally, a regression-correlation analysis was performed to characterize the individual impact of this factor, and appropriate conclusions were drawn based on the results. At the same time, substantiated approaches were proposed to mitigate the negative effects of fluctuations in the Russian ruble exchange rate on specific agricultural development indicators in the RA. These approaches include the development of certain types of local agricultural production, import substitution, and the diversification of both supply and export markets.
Place of publishing:
Երևան