Published Research on Armenia

A Qualitative Comparative Analysis of Patterns in the Acceleration and the Catching Up Performance
of the Former Soviet Union Republics. Norkus, Zenonas (2017). Comparative Sociology 16(1): 39-65.
Estimating the distributional impact of increasing taxes on tobacco products in Armenia : results
from an extended cost-effectiveness analysis. Postolovska, Iryna, Rouselle F. Lavado, Gillian Tarr,
and Stephane Verguet (2017).Washington, D.C., World Bank Group.
The Impact of Public Expenditures on Economic Growth in Two Very Different Countries: A
comparative Analysis of Armenia and Spain, Sedrakyan, Gohar, and Laura Varela-Candamio (2017).
International Center for Public Policy, Working Paper 17-02
Time heals? A multi-sited longitudinal case study on the lived experiences of returnees in Armenia,
in Return Migration and Psychosocial Wellbeing: Discourses, Policy-Making and Outcomes for
Migrants and their Families, Lietaert, Ine, Eric Broekaert, and Ilse Derluyn (2017), in eds. Zana
Vathi and Russell King, Routledge.

Perspectives on return migration: A multi-sited, longitudinal study on the return processes of
Armenian and Georgian migrants (Doctoral dissertation), Lietaert, Ine (2016). Ghent University,
The boundaries of transnationalism: the case of assisted voluntary return migrants. Lietaert, Ine,
Eric Broekaert, and Ilse Derluyn (2016). Global Networks. doi:10.1111/glob.12141
Mikaelian, Hrant (2016). Shadow Economy in Armenia. Yerevan: Caucasus Institute. (in Russian)
Male labor migration, patriarchy, and the awareness-behavior gap: HIV risks and prevention among
migrants’ wives in Armenia, Agadjanian, Victor and Karine Markosyan (2016).AIDS Care.
Armenakyan, Anahit (2016). Consumer Ethnocentrism in Modern Armenia. Marketing Challenges in
a Turbulent Business Environment. Proceedings of the 2014 Academy of Marketing Science (AMS)
World Marketing Congress.
Asatryan, Zareh and Peichl, Andreas (2016). Responses of Firms to Tax, Administrative and
Accounting Rules: Evidence from Armenia, ZEW – Centre for European Economic Research
Discussion Paper No. 16-065
Gevorkyan, Aleksandr V. (2016). Development through Diversity: Engaging Armenia’s New and Old
Diaspora. Migration Information Source.
Poghosyan, Karen (2016). A Comparison of Different Short-Term Macroeconomic Forecasting
Models: Evidence from Armenia, Journal of Central Banking Theory and Practice 5(2): 81–99.
Price and Yield As Sources of Variability of Farm Revenues in Transition Economies: The Case of
Armenia. Simone Severini & Giuliano Di Tommaso & Hovhannes Harutyunyan & Antonella Tantari
(2016), Applied Economics and Finance 3(4): 157-167.
The Eurasian Economic Union of Russia, Belarus, Kazakhstan, Armenia, and the Kyrgyz Republic:
Can It Succeed Where Its Predecessor Failed? Tarr, David G. (2016). Eastern European Economics
54(1): 1-22.
Public Perception of Water Price and Service Quality: An Empirical Analysis of Household
Water Delivery in Armenia, Naira Harutyunyan
The Armenian Business Cycle and Trade Shocks from Russia and EU, Karolina Matikyan and
Mane Harutyunyan
The Return to Education in Armenia, Shushanik Hakobyan and David Joulfaian
Credit Demand and Supply in the Armenian Banking System, Hayk Sargsyan and Narek
Rubinstein Bargaining at the Court, Laura Manukyan

The legends of the Caucasus: Economic transformation of Armenia and Georgia, Gevorkyan,
Aleksandr V. (2015). International Business Review, Vol 24 (6): 1009–1024
Climate change impact on water resources and crop production in Armenia, Ani Melkonyan,
Agricultural Water Management, Volume 161, November 2015, Pages 86-101
Forecasting Armenian Key Macroeconomic Indicators Using Factor-based Dynamic Models,
Karen Poghosyan, Armenian Journal of Economics
Short Term Forecasting System of Private Demand Components in Armenia, Narek Ghazaryan,
Armenian Journal of Economics
A Comparison of PAYG and Funded Pension Systems, Gayane Barseghyan, Armenian Journal of
Price Transmission Mechanism in Georgian Retail Gasoline Market, Ana Mazmishvili, Armenian
Journal of Economics
Educational Assortative Mating in Armenia, Shushanik Hakobyan, Armenian Journal of Economics
A Model with Indivisible Investments in Different Environments, Aleksandr Grigoryan, Armenian
Journal of Economics

Investment responses to third-party market facilitation in Armenia, Aleksan Shanoyan, R. Brent
Ross, Hamish R. Gow, H. Christopher Peterson Journal of Agribusiness in Developing and Emerging
Economies, Vol. 4 Issue: 2, pp.98-114,
Climate impact on agroeconomy in semiarid region of Armenia, Ani Melkonyan, Malcolm  O
Asadoorian – Environment, Development and Sustainability, April 2014, Volume 16, Issue 2, pp 393–

Evaluation of the Water-to-Market Activity in Armenia, Kenneth Fortson, Anu Rangarajan, Randall
Blair, Joanne Lee, Valentine Gilbert, Mathematica Policy Research, 2013.

Deep Trade Policy Options for Armenia: The Importance of Trade Facilitation, Services and
Standards Liberalization, Jesper Jensen and David G. Tarr, Economics: The Open-Access,
Open-Assessment E-Journal, Vol. 6, 2012-1

Armenia: An Assessment of the Real Exchange Rate and Competitiveness, Anke Weber and
Chunfang Yang, IMF Working Paper 11/20, January 1, 2011.

The Transmission Mechanism in Armenia: New Evidence from a Regime Switching VAR Analysis,
Anna Rose Bordon and Anke Weber, IMF Working Paper 10/270, November 2010.
Estimates of the Output Gap in Armenia with Applications to Monetary and Fiscal Policy, Asmaa
El-Ganainy and Anke Weber, IMF Working Paper No. 10/197, August 2010.

In Search of a Dramatic Equilibrium: Was the Armenian Dram Overvalued? Nienke Oomes, Gohar
Minasyan, and Ara Stepanyan, IMF Working Paper No. 09/49, March 2009.

Inflation Targeting in Armenia: Monetary Policy in Transition, King Banaian, David M Kemme and
Grigor Sargsyan, Comparative Economic Studies, vol. 50, no. 3, September 2008.
Estimating Equilibrium Exchange Rates for Armenia and Georgia, Omar AlShehabi and Shuang Ding,
IMF Working Paper No. 08/110, April 2008.
Modeling Foreign Exchange Risk Premium in Armenia, Tigran Poghosyan, Evzen Kocenda and Petr
Zemcik, Emerging Markets Finance and Trade, vol. 44, no. 1, January-February 2008
Microeconomic Implications of Remittances in an Overlapping Generations Model with Altruism and
Self-Interest, David A. Grigorian and Tigran A. Melkonyan, IMF Working Paper No. 08/19, January

Bank Efficiency and Market Structure: What Determines Banking Spreads in Armenia? Era
Dabla-Norris and Holger Floerkemeier, IMF Working Paper No. 07/134, June 2007.
Bringing Something Different to the Table: Potentials of Public-Private Partnerships for Armenia and
Other Developing/Transition Countries, Richard Beilock, David Grigorian and Yvonne Reinertson,
Armenian Journal of Public Policy, January, 2007.
Estimation of Transaction Costs during Tax Collection Process, Tigran Jrbashyan and Davit
Harutyunyan, Armenian Journal of Public Policy, January, 2007.
Business Climate, Productivity, and Competitiveness in Armenia: 2002-2005, Giuseppe Iarossi,
Federica Saliola and Giovanni Tanzillo, Armenian Journal of Public Policy, January, 2007.
Remittances in Armenia II: The Impacts of Remittances on the Economy and Measures to Enhance
Their Contribution to Development, King Banaian and Bryan Roberts, Armenian Journal of Public
Policy, January, 2007.
The Role of the Diaspora in Generating Foreign Direct Investments in Armenia, Manuk Hergnyan
and Anna Makaryan, Armenian Journal of Public Policy, January, 2007.

From Crisis to Stability in the Armenian Power Sector: Lessons Learned from Armenia’s Energy
Reform Experience, Gevorg Sargsyan, Ani Balabanyan, Denzel Hankinson, The World Bank,
Washington, D.C. February, 2006.

Strategic Requirements for Next Stage Financial Sector Reform in Armenia, Michael Borish, Armenian
Journal of Public Policy, December, 2005.
Policies for Financial Sector Development: When and How to Build a Public-Private Partnership?
Luigi Passamonti, Armenian Journal of Public Policy, December, 2005.
Legal Issues for Development of the Mortgage Market in Armenia, Carol Rabenhorst, Armenian
Journal of Public Policy, December, 2005.
Housing Finance in Armenia, William Britt Gwinner, Armenian Journal of Public Policy, December,
Instruments to Develop Fully Integrated Primary and Secondary Market in Housing Finance in
Armenia, Friedemann Roy, Armenian Journal of Public Policy, December, 2005.
Armenia After a Decade of Reform, Enrique Gelbard, Armenian Journal of Public Policy, September,
Issues Related to Promoting a Competitive Business Environment in Armenia, Paul Holden and
Vahe Sahakyan, Armenian Journal of Public Policy, September, 2005.
Health Care in Armenia: Challenges and Prospects, Susanna Hayrapetyan and Ara Khanjian,
Armenian Journal of Public Policy, September, 2005.
Remittances in Armenia: How Big Are Remittance Flows to Armenia, and How Much Does It Cost to
Send Them? Bryan W. Roberts and King Banaian, Armenian Journal of Public Policy, September,
The Value of Cultural Heritage Sites in Armenia: Evidence from a Travel Cost Method Study, Anna
Alberini and Alberto Longo, NOTA DI LAVORO 112.2005, September 2005, Fondazione Eni Enrico
Basic Trends in the Development of Professional Higher Education in Armenia, Anna L. Aslanyan,
International Education Journal, 2005, 6(3), 335-342.
Impact of Regulated Price Adjustments on Price Variability in a Very Low Inflation Transition
Economy: Case of Armenia, Aghassi Mkrtchyan, European Journal of Comparative Economics, vol. 2,
n. 1, 2005, 17-39.
The Measurement of Co-Circulation of Currencies and Dollarization in the Republic of Armenia,
Hakob Zoryan, European Journal of Comparative Economics, vol. 2, n. 1, 2005, 41-65.
The evolution of competition in banking in a transition economy: an application of the Panzar-Rosse
model to 
Armenia, Armenuhi Mkrtchyan, European Journal of Comparative Economics, vol. 2, n. 1,
2005, 67-82.
Core inflation in a small transition country: choice of optimal measures, Gagik G Aghajanyan,
European Journal of Comparative Economics, vol. 2, n. 1, 2005, 83-110.
A Statistical Booklet “Women and Men in Armenia,” United Nations Development Programme, 2005.
“Armenia Social Trends” Bulletin: Issue Seven, United Nations Development Programme, 2005.
Report on the Results of the National Survey on the Drug, Alcohol and Smoking Prevalence among
the General Population, United Nations Development Programme, 2005.

Armenia Competitiveness Assessment, Nathan Associates Inc. and J.E. Austin Associates Inc.,
USAID/Yerevan under contract NO. PCE-I-837-98-00016-00, June 2004.
Poverty, Inequality, and Growth in Armenia: Cross-Country Evidence, Garbis Iradian, Armenian
Journal of Public Policy, March, 2004.
Armenia’s Trade Performance and the Effect of Closed Borders: A Cross-Country Perspective, Lev
Freinkman, Evgeny Polyakov, and Carolina Revenco, Armenian Journal of Public Policy, March, 2004.
Taxes, Investment Incentives, and the Cost of Capital in Armenia, David Joulfaian and Lilit Melikyan,
Armenian Journal of Public Policy, March, 2004.
Exchange Rate, Money, and Wages: What is Driving Prices in Armenia, David Grigorian, Armine
Khachatryan, and Grigor Sargsyan, Armenian Journal of Public Policy, March, 2004.
Pension System Reforms within the Context of Poverty Reduction in Armenia, Gohar Jerbashian and
Artem Asatryan, Armenian Journal of Public Policy, March, 2004

Costing-out the Big Bang: Impact of External Shocks on the Armenian Economy at the Outset of
Transition, Vahram Avanesyan and Lev Freinkman, Armenian Journal of Public Policy, September,
Armenia: The Road to Sustained Rapid Growth, Garbis Iradian, Armenian Journal of Public Policy,
September, 2003.
Banking Sector in Armenia: What Would it Take to Turn a Basket Case into a Beauty Case? David A.
Grigorian, Armenian Journal of Public Policy, September, 2003.
Helping Armenia without Helping the Blockade, Richard Beilock, Armenian Journal of Public Policy,
September, 2003.
Testing Purchasing Power Parity: Results from a New Foreign Exchange Market, Nicholas Apergis,
Applied Economics Letters, February 2003, Volume 10, Number 2 / 10, pp. 91-95.

Capacity Building in Economics Education and Research in Transition Economies, Boris Pleskovic,
Anders Åslund, William Bader, Robert Campbell, January 2002.

Pareto-optimal electricity tariff rates in the Republic of Armenia, Mark J. Kaiser, Energy Economics,
Volume 22, Number 4, 1 August 2000, pp. 463-495(33).