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Title:
Quantitative and Qualitative Aspects of Armenia's Economic Growth
Creator:
Mkrtchyan, Tatul ; Vardanyan, Knarik ; Avagyan, Gayane ; Petrosyan, Garik ; Papinyan, Marine
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Uncontrolled Keywords:
quality of growth ; development ; inclusivity ; structural productivity ; poverty
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Abstract:
The diversity of economic practices, the decisions made by regulatory bodies of different countries over time, and the rapid development of science and technology force economists to understand that the drivers of the economy change over time, and consequently, the factors that determine and influence economic growth. The economic growth observed in the Republic of Armenia in recent decades has often been unstable, due to both external stimuli (geopolitical changes, the COVID-19 pandemic, the Russian-Ukrainian war) and internal structural challenges. According to data published by the Statistical Committee of the Republic of Armenia, the Central Bank of the Republic of Armenia, the IMF, and the World Bank, the Armenian economy has grown actively, but the nature of this growth has not always been stable and effective in the long term. A certain economic structure has developed in the Republic of Armenia that negatively affects the country's development and the well-being of the population, in particular, in the form of a disproportion between available resources and the results of their use, inequality in the processes of income formation and distribution, disruption of the functioning of economic mechanisms, and other similar manifestations. To assess the quantitative and qualitative aspects of economic growth in the Republic of Armenia, the sectoral structure of the Armenian economy and the territorial distribution of economic growth were examined. The analysis enabled us to identify structural changes, highlight the features and patterns of economic development, and determine the main driving forces of growth.
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Երևան
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Նյութը վերցված է Հայաստանի պետական տնտեսագիտական համալսարանի կայքից։