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Previous Meetings:

2014 Program
2014 Abstracts
2014 Gallery
2013 Program
2013 Abstracts
2013 Gallery
2012 Program
2012 Gallery
2011 Program
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2015 Conference

The Armenian Economic Association 2015 annual meetings will be jointly hosted by Yerevan State University
(YSU), the Central Bank of Armenia (CBA-Dilijan), and the American University of Armenia (AUA) on June 19-21. It
concludes with a workshop at CBA-Yerevan on June 22nd.

Courtesy of GIZ, a limited number of travel stipends of up to 500 Euros (less taxes and fees) for presenters from
Europe is now available after the conference; up to 1000 from North America. Also, the CBA Dilijan facility will be
hosting the Saturday June 20th meetings, which we hope will be attractive to foreign presenters with an excursion
to nearby Haghartsin Monastery.

Keynote speakers:
Armen Hovakimian, Baruch College, City University of New York (June 19th  at Yerevan State University)
David Dole, Asian Development Bank (June 21st at American University)

The workshop "Forecasting techniques and forecast evaluation" will be conducted by
Tatevik Sekhposyan, Texas
A&M University (June 22nd at CBA-Yerevan)

Papers accepted to date. The review c ontinues.

Preliminary Program

Friday, June 19, 2015 -- Yerevan State University (YSU), Faculty of Economics (Abovyan street #52)

14:00 Registration

15:00 Welcome, Main Hall

15:30 Break

15:40 Keynote speech, Main Hall
Speaker: Armen Hovakimian, Baruch College, City University of New York

16:30 Coffee Break

17:00 Session 1A: Agriculture/Environment 1

Chair: Aram Arakelyan, Yerevan State University

The Impact of Agricultural Cooperatives on Livelihoods in Rural Armenia: A Propensity Score Matching Approach,
Natalie Naïri Quinn, University of Oxford, UK (with Bet Caeyers, Institute for Fiscal Studies, UK)

Perception of water price and service quality: An empirical analysis of household water consumption in Armenia,
Naira Harutyunyan, Department of Environmental Sciences and Policy, Central European University, Hungary

The Role of Family Farming in the Sustainable Development of the Agricultural Sector in Georgia, Salome
Gelashvili, Agricultural Policy Research Center (APRC) at ISET Policy Institute (with Phatima Mamardashvili and
Irakli Kochlamazashvili)

The main concepts of adult learning in the agrarian sector in the republic of Armenia, Harutyun Gevorgyan, Tuscia
University, Italy

Discussants
Naira Harutyunyan, Central European University, Hungary
Natalie Nairi Quinn, University of Oxford, UK
Harutyun Gevorgyan, Tuscia University, Italy
Salome Gelashvili, Agricultural Policy Research Center (APRC) at ISET, Georgia

19:30-21:00 Reception, Akian Gallery, American University of Armenia

Saturday, June 20, -- Central Bank of Armenia - Dilijan

8:30-9:00 Depart for Dilijan

10:30 Session 2A: Macroeconomics 1

Chair: Ashot Mkrtchyan, CBA

Specific and General Types of Human Capital, Vahagn Jerbashian, University of Barcelona and CERGE-EI (with
Evangelia Vourvachaki, Bank of Greece and Sergey Slobodyan, CERGE-EI)

Monetary Policy, Expectations Heterogeneity and Structural Uncertainty, Tsvetomira Tsenova, Bulgarian National
Bank Adviser

Spillovers from Global and Regional Shocks to Armenia, Teresa Daban, IMF (with Knarik Ayvazyan, Central Bank of
Armenia)

Discussants:
Tsvetomira Tsenova, Bulgarian National Bank
Vahagn Jerbashian, University of Barcelona and CERGE-EI

10:30 Session 2B: : Sorting/Norms

Chair: Florian Biermann, ISET, Georgia

Cooperation in divided societies, Peter Martinsson, University of Gothenburg, Sweden (with Andrea Martinangeli,
University of Gothenburg, Sweden)

Friendship Markets, Florian Biermann, ISET, Georgia (with Nikoloz Pkhakadze and Saba Devdariani)

A Fine Rule From a Brutish World? Huojun Sun, University of Bologna

Social Norms of Distributive Justice and Kuznets Curve, David Adunts, American University of Armenia

Discussants
Florian Biermann, ISET, Georgia
Peter Martinsson, University of Gothenburg, Sweden

12:00 Lunch
Speaker: Martin Galstyan, CBA

13:30 Session 3A: Macroeconomics 2

Chair: Vahagn Jerbashian, University of Barcelona and CERGE-EI

An econometric analysis of the determinants of International reserves - Example of Georgia, Nino Buliskeria, ISET
and National Bank of Georgia

Monetary Policy and Endogenous Growth: Can Monetary Policy Affect TFP Growth? Aram Grigoryan, University of
Illinois at Urbana-Champaign, USA

Dutch Disease in Armenia: By Sector Study, Arpine Sahakyan, American University of Armenia

Foreign exchange regime in small open transition economy: macroeconomics, expectations and external factors,
Aleksandr V. Gevorkyan, St. John University, New York

Discussants:
Karen Poghosyan, Central Bank of Armenia
Aleksandr V. Gevorkyan, St. John University, New York
Gurgen Aslanyan, Central Bank of Armenia

13:30  Session 3B: Behavioral

Chair: Karen Khachatryan, Middlesex University, London, UK

Cognitive ability and preferences in Armenia, Anna Martirosyan, Heriot-Watt University Edinburgh, UK

Entrepreneurial Overconfidence and Market Selection, Karen Khachatryan, Middlesex University, London, UK (with
Jorgen W Weibull, Stockholm School of Economics)

Does Group Belonging Matter? The Heuristic of Subsets, Aram Grigoryan, ISET, Georgia

Consumer Ethnocentrism in Modern Armenia, Anahit Armenakyan, Nipissing University, Canada

Discussants:

15:00 Depart for sightseeing/Yerevan

Sunday, June 21, 2015 – American University of Armenia (AUA), College of Business and Economics

9:00 Session 4A: Finance/Banking 1

Chair: Levon Barkhudaryan

The Impact of Capital and Liquidity Regulation: Evidence from European Banks, Armen Arakelyan, CUNEF, Spain
(with Artashes Karapetyan, Central Bank of Norway)

Loan pricing: how did banks react to the risk increase in the French Food Industry? Lilia Aleksanyan, Université
Paris 1 Panthéon Sorbonne/Paris School of Economics and Sciences Po Paris

Comparative financial analysis of commercial banks in RA, Yenok Hakobyan, Yerevan State University

Discussants:
Vladimir Asriyan, CREi, Universitat Pompeu Fabra, Barcelona GSE, Spain
Armen Arakelyan, CUNEF, Spain
Lilia Aleksanyan, Université Paris 1 Panthéon Sorbonne/Paris School of Economics and Sciences Po Paris

9:00 Session 4B: Migration

Emigration intentions: theory and evidence, Aleksandr Grigoryan, American University of Armenia

Measuring the integration of migrants in the EU: a comparative multidimensional approach, Sona Kalantaryan,
EUI, Italy (with Anna Di Bartolomeo and Sara Bonfanti)

International Migration As a Way of Insurance? Evidence from Armenia, Aleksandr Shirkhanyan, CBA

Discussants
Aleksandr Grigoryan, American University of Armenia
Sona Kalantaryan, EUI, Italy

10:30 Coffee Break

11:00 Session 5A: Finance/Banking 2

Chair: Sevan Hambarsoomian, University of Wuppertal, Germany

Collateral versus Informed Screening during Banking Relationships, Artashes Karapetyan, Central Bank of Norway
(with Bogdan Stacescu, BI Norwegian Business School)        

Pre-IPO investments, Kristine Sahakyan, BI Norwegian Business School, Norway (with Viktoriia Kuzmenko, BI
Norwegian Business School)

The effect of founder manager in private equity firms, Sevan Hambarsoomian, University of Wuppertal, Germany
(with André Betzer and Peter Limbach)

Discussants:

Sevan Hambarsoomian, University of Wuppertal, Germany
Kristine Sahakyan, BI Norwegian Business School, Norway

11:00 Session 5B: Agriculture/Environment 2

Chair: Vardan Urutyan, ICARE

Modeling Crop Yield Index Insurance in Armenia: The Example of Grape Yield Insurance in Armavir Region, Lilit
Papikyan, ICARE

Identifying Socio-Economic Characteristics Affecting the Economic Condition of Households in Rural Areas of
Armenia, Vardges Bokhyan, ICARE

Consumer Response to State Marketing Programs on Ornamental Plants in Florida, Hayk Khachatryan, University
of Florida, USA (with Alicia Rihn, Benjamin Campbel, Bridget Behe, Charles Hall)

Discussants:

13:00-14:30 Lunch
Keynote Speaker, David Dole, Asian Development Bank

14:30 Session 6A: Firm Behavior

Chair: Vardan Avagyan, School of Economics, Erasmus University Rotterdam, Netherlands

Welfare Analysis of a Minimal Capital Requirement, Aram Butavyan, Central Bank Armenia

Taxes and Business Philanthropy in Armenia, Zareh Asatryan, ZEW, Germany (with David Joulfaian, USA)

Riding Successive Product Diffusion Waves: Building a Tsunami via Upgrade-Rebate Programs, Vardan Avagyan,
School of Economics, Erasmus University Rotterdam, Netherlands (with Mercedes Esteban-Bravo, University of
Carlos 3, Madrid; Jose Vidal-Sanz, University of Carlos 3, Madrid)

Discussants
Vardan Avagyan, School of Economics, Erasmus University Rotterdam, Netherlands
Zareh Asatryan, ZEW, Germany
Anahit Armenakyan, Nipissing University, Canada

14:30 Session 6B: International/Development/Institutions

Chair:

Trade Costs and the Two Globalizations: 1827-2012, Jules Hugot, Sciences Po Paris, France

Why is Agricultural Productivity so Low but Exports so High? David Gomtsyan, University of Turin, Italy

Approximation of Indicators in Society Magnitude as per Armenian Composite Appraising Supportive Progress
(ACASP), Azniv Petrosyan, Department of Geography & Regional Planning,  School of Rural & Surveying
Engineering,  National Technical University of Athens, Greece

Hegel and the welfare state: the income inequality problem of modern macroeconomics, Aleksandr V. Gevorkyan,
St. John University, New York

Discussants:
David Gomtsyan, University of Turin, Italy
Jules Hugot, Sciences Po Paris, France

16:00 Break

16:30 Session 7A: Households/Education

Chair:

Identifying Socio-Economic Characteristics Affecting Happiness in Armenia, Azerbaijan, and Georgia, Sona
Telunts, ICARE (with Rafael Bakhtavoryan)

Urban Amenities and Internal Migration in Slovakia, Sergey Avetisyan, Central Bank of Armenia (with Stefan Rehak,
University of Economics in Bratislava)

Performance-based grants improve student-school matching, Astghik Serobyan, CBA

Welfare Analysis of Gas Price Increase in the Republic of Armenia, Gayane Sargsyan, ICARE

Discussants:


16:30  Session 7B: Political Economy

Chair: Vardan Baghdasaryan, American University of Armenia

Vote buying or (political) business (cycles) as usual? Lusine Badalyan, University of Bremen and Jacobs
University, Germany (with Toke Aidt, University of Cambridge and CESifo, Munich; Zareh Asatryan, ZEW Mannheim
and University of Freiburg; and Friedrich Heinemann, ZEW Mannheim and University of Heidelberg)

3 is Better Than 2 When Voting is Costly, Mariam Arzumanyan, Central Bank of Armenia

Electoral fraud and voter turnout: experimental study, Vardan Baghdasaryan, American University of Armenia (with
Giovanna Iannantuoni and Valeria Maggian, University of Milano Bicocca, Italy)

Discussants:
Vardan Baghdasaryan, American University of Armenia
Lusine Badalyan, University of Bremen and Jacobs University, Germany
Zareh Asatryan, ZEW, Germany

18:00 Break

19:00 Best paper award ceremony

Monday, June 22, 2015 -- Central Bank of Armenia, Yerevan
9:00-13:00 Workshop