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Previous Meetings:

2019 Winter Workshop
2019 WW Gallery

2018 Program
2018 Abstracts
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Gallery

2017 Program
2017 Abstracts
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2016 Program
2016 Abstracts
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2015 Program
2015Abstracts
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2015 Workshop Slides

2014 Program
2014 Abstracts
2014 Gallery

2013 Program
2013 Abstracts
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2012 Program
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2011 Program
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2019 Annual Meetings

The Armenian Economic Association 2019 annual meetings were hosted by the Armenian State University of
Economics, the Armenian National Agrarian University, and the American University of Armenia on June 27-29,
2019, followed by a tax policy workshop hosted by the Central Bank on July 1st, at 10AM.
Preliminary Program

June 27, 2019
Armenian State University of Economics (ASUE), 128 Nalbandyan St, Yerevan

13:00-13:10  Opening remarks, Grand Hall (at the main entrance)

13:10-14:00  Keynote Speaker: Friedrich Heinemann (ZEW Mannheim)

14:10-15:30 Forum on Economics Education

15:30-16:00 Coffee break

16:00-17:30 Session 1A: Empirical industrial organization I, Grand Hall

Chair: Vahagn Jerbashian, University of Barcelona, Spain

Will Brexit Age Well? Cohorts, Seasoning and the Age-Leave Gradient, Past, Present and Future, Rebecca Maria Mari, Bocconi
University (with Barry Eichengreen, Berkeley University; Gregory Thwaites, London School of Economics)

Revenue-Neutral or Profit-Neutral Tariff and Tax Reforms under Imperfect Competition: Welfare Analysis, Ruben Sargsyan,
California State University, Chico (with Yang-Ming Chang, Kansas State University)

Trade in Information Technologies and Changes in the Demand for Occupations, Vahagn Jerbashian, University of Barcelona,
Spain

Discussants:
Lusine Badalyan, University of Giessen, Germany
Aram Grigoryan, University of Illinois, Urbana-Champaign, USA

16:00-17:30 Session 1B: Labor Economics I, Room 217

Chair: Muhammad Asali, International School of Economics at TSU (ISET), Georgia

Labor Market Discrimination and the Macroeconomy, Muhammad Asali, International School of Economics at TSU, and
Rusudan Gurashvili, National Bank of Georgia

What Mechanisms are Behind the Racial Student-Teacher Match Effect? Evidence from U.S. Public Schools, Bohdana Kurylo,
CERGE-EI

Out-of-Wedlock Fertility: Changes in Fertility Decisions with Unilateral Divorce Laws, Geghetsik Afunts, CERGE-EI, Charles
University in Prague  

Discussants:
Geghetsik Afunts, CERGE-EI, Charles University in Prague
Bohdana Kurylo, CERGE-EI
Muhammad Asali, International School of Economics at TSU (ISET), Georgia

16:00-17:30 Session 1C: Pension Economics (in Armenian), Room 221
Chair: Aghasi Tavadyan, ASUE

19:00 Optional dinner

June 28, 2019
Armenian National Agrarian University, 74 Teryan St, Yerevan

9:30-11:00 Session 2A: Empirical industrial organization II, Room 329

Chair: Zurab Abramishvili, ISET, Georgia

Competition Costs and Firm Distribution, Aram Grigoryan, University of Illinois, Urbana-Champaign, USA

Impact Assessment of the State Support Program for Micro and Small Enterprises in Georgia, Zurab Abramishvili, International
School of Economics at Tbilisi State University (ISET), Sophiko Skhirtladze, ISET. Giorgi Papava, Ilia State University, Irakli
Barbakadze, ISET-PI.

Economic Development without Rural-Urban Transition in Georgia, Giorgi Mzhavanadze, ISET Policy Institute (ISET-PI),
Georgia; Michael Beenstock, Hebrew University of Jerusalem, Israel; Yaroslava Babych, ISET-PI, Georgia; Lasha Labadze, The
American University of the Middle East, UAE; Irakli Gabriadze, ISET-PI, Georgia; Lasha Arevadze, ISET-PI, Georgia; Revaz
Beradze, ISET-PI, Georgia.

Discussants:
Zurab Abramishvili, International School of Economics at Tbilisi State University (ISET)
Aram Grigoryan, University of Illinois, Urbana-Champaign, USA
Randy Filer, CUNY

9:30-11:00 Session 2B: Agriculture I, Room 425
Chair: Lusine Tadevosyan, ICARE

Feasibility Analysis of Fuel Briquettes Production in Shirak Province of Armenia, Armen Asatryan, Armenian National Agrarian
University        

Economic Feasibility Analysis of Pine Cone Preserve, Tatevik Sargsyan, Armenian National Agrarian University       

Development plan for the teaching and experimental farm of ANAU located in Vosehat community by identifying and evaluating
the ways for efficient farmland use, Ani Saribekyan, Armenian National Agrarian University.

Factors affecting milk productivity in Armenia, Lusine Tadevosyan, ICARE

11:00-11:30 Coffee break

11:30-13:00 Session 3A: Macro I, Room 329

Chair: Ashot Mkrchyan, Central Bank of Armenia        

On the applicability of dynamic factor models for macroeconomic forecasting in Armenia, Karen Poghosyan, Central Bank of
Armenia, and Ruben Poghosyan, Yerevan State University, Faculty of Physics

Powers of Text, Diana Gabrielyan, University of Tartu, with Jaan Masso and Lenno Uuskula

Inflation Forecasting Using Machine Learning Methods: A Case Study of Armenia, Aram Butavyan, Central Bank of Armenia

Discussants
Diana Gabrielyan, University of Tartu, Estonia
Karen Poghosyan, Central Bank of Armenia

11:30-13:00 Session 3B: Agriculture II, Room 425

Chair: Arthur Grigoryan, International Center for Agribusiness Research and Education (ICARE) foundation

Value chain analysis for Armenian dairy sector, Hasmik Hayrapetyan, Anna Mkhitaryan and Lusine Tadevosyan, ICARE

Economic Impact Measurement and Management in Sustainable Agricultural Projects: Example of Establishing Milk Collection
Point in Shirak Region, Ararat Sahakyan, Agribusiness Teaching Center

Consumer preferences on dairy products in Armenia, Anna Mkhitaryan, Lusine Tadevosyan and Hasmik Hayrapetyan, ICARE
Foundation,

Organic Fresh Produce Purchase Behaviour in Armenia, Anahit Armenakyan, Nipissing University, Ontario, Canada (with
Anahita Baregheh, Nipissing University, Ontario, Canada)

Discussants
Anahit Armenakyan, Nipissing University, Ontario, Canada

11:30-13:00 Session 3C: Public Economics, Room 245

Chair: Heghine Manasyan, CRRC Armenia        

The incidence of VAT evasion, Zareh Asatryan, ZEW, and David Gomtsyan,  Higher School of Economics, Russia

Wagner’s Law vs. Keynes' Hypothesis in very different countries (Armenia and Spain), Gohar Sedrakyan, Georgia State
University, USA (with Laura Varela-Candamio , Faculty of Economics and Business, Department of Economics, University of A
Coruna, Jean Monnet Group on Competition and Development (C + D) and RIFDE, Spain)

13:00-14:00 Lunch

14:00-15:15 Keynote II: Levon Barseghyan (Cornell University), Assembly Hall

15:15 -16:45 Session 4A: Social Innovation, Development, Room 329

Chair: Gilles Paché, Université d'Aix-Marseille, France  

Towards a strategic view of humanitarian action, Gilles Paché, Université d'Aix-Marseille (with Laetitia Tosi (Université d'Aix-
Marseille), François Fulconis (Avignon Université)

Do Spatial Factors Impact MFI Outreach and Sustainability? Knar Khachatryan, American University of Armenia, with Aleksandr
Grigoryan, Valentina Hartarska, and Roy Mersland

Environmental Activism in Armenia, Nina Kankanyan and Yevgenya Jenny Paturyan, American University of Armenia

15:15-16:45 Session 4B: Finance, Financial Literacy, Room 425

Chair: Levon Barkhudaryan

Financial Literacy: How does it shape consumer financial behavior? Vardan Baghdasaryan, American University of Armenia;
Gurgen Aslanyan, American University of Armenia, Armenia; CERGE-EI, Prague Czech Republic; Knar Khachatryan. American
University of Armenia;  Sadoyan, A., Central Bank of Armenia

Long-Term Effectiveness and of Financial Education Classroom Workshops in Rural Areas: The Case of Armenia, Arthur
Pokrikyan, Central Bank of Armenia

Regional development and financial inclusion: new evidence from Armenia, Knar Khachatryan, American University of Armenia
(with Aleksandr Grigoryan and Knarik Ayvazyan)

Profiling the saving and planning behaviors of Armenians, Araks Manucharyan, Arthur Pokrikyan, Sirarpi Movsisyan, Central
Bank of Armenia

15:15-16:45 Session 4C: Behavioral/Experimental, Room 245

Chair: Armenak Antinyan, Wenlan School of Business, Zhongnan University of Economics and Law, China                

Salience and Mispricing: Homebuyers’ Housing Decisions, Artashes Karapetyan, ESSEC

Curbing the Consumption of Positional Goods: Taxing vs. Nudging, Armenak Antinyan, Wenlan School of Business, Zhongnan
University of Economics and Law, with Gergely Horvath, Mofei Jia (Xi'an Jiaotong Liverpool University)

Nudging for tax compliance: A meta-analysis, Zareh Asatryan, ZEW Mannheim; Armenak Antinyan, Wenlan School of Business,
Zhongnan University of Economics and Law, China                

Discussants:
Armenak Antinyan, Wenlan School of Business, Zhongnan University of Economics and Law, China
Artashes Karapetyan, ESSEC Business School, France

June 29, 2019
American University of Armenia, 40 Marshal Baghramyan Ave, Yerevan

9:30-10:50 Session 5A: Health, Room 406A

Chair:  Vahram Ghushchyan, American University of Armenia

Time Trade-Off Tariffs Based On Sf-12 Questionnaire, Vahram Ghushchyan, American University of Armenia

Taxing Waistline as a Treatment for Metabolic Syndrome, Gurgen Aslanyan, American University of Armenia

Economic Effects of the Healthcare Policies in Armenia, Gohar Matevosyan, Yerevan State Medical University

9:30-10:50 Session 5B: Bonds and government finance, Room 407E

Chair: Aleksandr V. Gevorkyan, St. John's University, NY, USA      

Local currency bonds and recent credit growth in some post-socialist economies? Aleksandr V. Gevorkyan, St. John's
University, NY, USA

Decomposing forward rates of Armenian government bonds into their main components, Tigran Davtyan, Yerevan State
University

Reserve Requirements and Bank-Loan Interest Rates, Hayk Tarverdyan, Central Bank of Armenia

Discussants:
Karen Poghosyan, Central Bank of Armenia
Aleksandr V. Gevorkyan, St. John's University, NY, USA

10:50-11:10 Coffee break

11:10-12:30 Session 6A: Labor II, Room 406E

Chair: Vardan Baghdasaryan, American University of Armenia

The Effect of Temporary Parental Absence on the Educational Performance of Children Left Behind'? Davit Adunts, CERGE-EI

The Evolution of the Gender Gap in Math, David Gomtsyan, NRU Higher School of Economics, Russia

Child care policy, labor supply and household welfare: Evidence from a natural experiment, Gayane Barseghyan and Vardan
Baghdasaryan, American University of Armenia

Discussants:
Gayane Barseghyan, American University of Armenia
Geghetsik Afunts, CERGE-EI,
Davit Adunts, CERGE-EI


11:10-12:30 Session 6B: Macro II, Room 407E

Chair: Aram Balagyozyan, University of Scranton, USA

Policy Uncertainty and Current Account Dynamics, Hayk Kamalyan, Goethe University Frankfurt, Germany

Exchange Rate Pass-through in Armenia, Stella Mnoyan, Central Bank of Armenia

Ambiguity, Fuzzy Forecasts, and the Dynamic Factor Model of Consumer Confidence, Aram Balagyozyan, University of Scranton,
and Kyoko Mona Balagyozyan

Discussants
Aram Balagyozyan, University of Scranton, USA
Aleksandr V. Gevorkyan, St. John's University, NY, USA
Karen Poghosyan, Central Bank of Armenia

12:30-13:15 Lunch

13:30-14:30 Keynote III: Francesca Molinari (Cornell University, H. T. Warshow and Robert Irving Warshow Professor),
Room 408E

14:30-15:00 Coffee break

15:00-16:30 Session 7A: Student presentations, Room 406E

Chair: Randy Filer, CUNY

Financial Literacy and Its Influence on Foreign Currency Borrowings/Savings (Case of Armenia), Mari Mirzoyan, American
University of Armenia

Stock Movement Prediction Using Deep Learning Techniques, Arshak Mkhoyan, American University of Armenia

Gini coefficient estimation: Interpolation method, Amasya Ghazaryan, Yerevan State University

15:00-16:30 Session 7B: Firm Behavior, Room 407E

Chair: Natalia Davidson, Ural Federal University, Russia

Location decisions of firms in Russia and the heritage from the communist period, Natalia Davidson, Ural Federal University,
Russia (with Hubert Jayet, University of Lille, France; Oleg Mariev, Ural Federal University; Andrey Pushkarev, Ural Federal
University)

Regional-specific determinants of non-performing loans, Sergey Avetisyan, Central Bank of Armenia

Discussants
Zareh Asatryan, ZEW Mannheim

16:45-17:45 Poster session, 4th Floor Hallway

Analysis of Startup Entrepreneurial Creativity in Armenia, Elizabeth Keshishyan, Center for Innovation Promotion and Research
- CIPR, American University of Armenia with Mary-Hrachoohi Boghosian

Transitology in Armenia and sequel, Gohar Sahakyan, Lycée Professionnel Français

Making tourism more sustainable and reducing the possible negative impacts on environment: case study from Armenia,
Gayane Tovmasyan, Armenian State University of Economics, Public Administration Academy of the RA

Institutional prerequisites for economic growth, Liana Isayan, Armenian State University of Economics

Does the Uncovered Interest Rate Parity (UIP) Condition Hold For Armenia, Ruben Gasparyan, Russian-Armenian University,
EY Armenia (with Zaven Melikjanyan)

Modernization of the system of accumulative pension insurance in the RA, Kristina Khachatryan, Russian-Armenian University

18:00 Awards and closing ceremony, Akian Gallery

July 1, 2019
Central Bank of Armenia

10:00-12:00 Tax Reform Workshop (separate
registration required for security)
Best Paper Awards
Armen Alchian Award:
Armenak Antinyan, Curbing the Consumption of Positional Goods: Taxing vs. Nudging, Wenlan School of Business,
Zhongnan University of Economics and Law, China

Grigor Artsruni Award (young scholars):
Davit Adunts, The Effect of Temporary Parental Absence on the Educational Performance of Children Left Behind'? CERGE-EI
Geghetsik Afunts, Out-of-Wedlock Fertility: Changes in Fertility Decisions with Unilateral Divorce Laws, CERGE-EI, Charles
University in Prague

IMF Award:
First: Karen Poghosyan, On the applicability of dynamic factor models for macroeconomic forecasting in Armenia, Central Bank
of Armenia
Second; Stella Mnoyan, Exchange Rate Pass-through in Armenia, Central Bank of Armenia

Voskeni Wines Award for Agricultural and Environmental Economics:
Armen Asatryan and Lusine Tadevosyan, Factors affecting milk productivity in Armenia, ICARE and Armenian National Agrarian
University
Women in Economics Workshop

The Armenian Economic Association 2019 Women in Economics Workshop will be hosted by the American University of
Armenia, Manoogian Simone College of Business and Economics, 40 Marshal Baghramyan Avenue, on July 12th, at 1PM, in
Room 308E. Featuring a cast of all women economists, the Workshop brings academics and researchers from Armenia,
Australia, Czechia, Georgia, and the United States to discuss their latest research in demography, labor economics, and
macroeconomics.

This event is free. Please register at https://forms.gle/TH7U7x3aKvG81NQJA

Tentative Program

13:00 Expanding women’s role in the economy, Yulia Ustyugova and Lili Karapetyan, International Monetary Fund

13:40 The choice of women between employment and homestay, and their happiness: The case of the South Caucasus.
Karine Torosyan, ISET (with Norberto Pignatti, ISET), Georgia

14:20 The role of conflict in sex discrimination: The case of missing girls, Astghik Mavisakalyan, Curtin University, Australia
(with Anna Minasyan, University of Groningen, t
he Netherlands)

15:00-15:30 Coffee break

15:30 Who Divorces Who: Educational Homogamy and Changes in Marital Stability, Geghetsik Afunts, CERGE-EI, Charles
University in Prague

16:10 From Fixed-Event to Fixed-Horizon Density Forecasts: Professional Forecasters’ View on Multi-horizon Uncertainty,
Tatevik Sekhposyan, Texas A&M University (with Gergely Ganics and Barbara Rossi)

16:50 PM Adjourn