Analyzing and Assessing Key Factors for High Rates of Economic Growth in Armenia in 2022–2023: Myth and Reality

E. M. Sandoyan, M. A. Voskanyan () and A. G. Galstyan
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E. M. Sandoyan: Russian-Armenian University
M. A. Voskanyan: Russian-Armenian University
A. G. Galstyan: Russian-Armenian University

Studies on Russian Economic Development, 2024, vol. 35, issue 5, 636-645

Abstract: 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.

Keywords: economic growth; exogenous factors of economic growth; developing economy; Armenia (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1134/S1075700724700175

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