Growth Challenges and Government Policies in Armenia (World Bank Studies)

Growth Challenges and Government Policies in Armenia (World Bank Studies)

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  • 製本 Paperback:紙装版/ペーパーバック版/ページ数 189 p.
  • 言語 ENG,ENG
  • 商品コード 9780821350898
  • DDC分類 338.94756

Table of Contents

Abstract                                           vii
Acknowledgements viii
Abbreviations and Acronyms ix
Executive Summary 1 (18)
Introduction 19 (2)
Main Characteristics of the Recent Growth 21 (46)
Performance
Macroeconomic Overview of Recent Growth 21 (8)
Trends
Armenia's Record of Growth Compared to CEE 29 (1)
and Baltic Countries
Structure and Sources of Growth 30 (2)
Limited Income Benefits from Growth 32 (4)
Employment Trends 36 (5)
New Entry: Just Not Enough to Make a 41 (2)
Difference
Evolution of Industrial Structure, 43 (5)
1988--1999
Export Performance 48 (5)
Investment Performance 53 (4)
Performance of Large Industrial Enterprises 57 (10)
in Armenia
Main Constraints For Investments And Growth 67 (40)
General Political and Institutional 67 (5)
Barriers for Enterprise Restructuring and
Growth
Main Problems in the Business Environment 72 (6)
as Seen by the Private Sector
Skill-Based Constraints to Growth 78 (5)
Private Credit: Limited Access at High Costs 83 (4)
Additional Costs to Business Associated 87 (6)
with Blockade and Regional Conflicts
Fiscal and Quasi-Fiscal Subsidies: How 93 (7)
Binding is Budget Constraint?
Corporate Governance Regime and 100 (7)
Disincentives for Investments
Annex 3.1. Enterprise Survey: Sample 104 (1)
Characteristics
Annex 3.2. First Movers: General 105 (2)
Description of the Sample
Way Forward: Strategy to Improve The Business 107 (14)
Environment And Facilitate Economic
Restructuring
Stagnation Trap And Entry Points To Break It 121 (18)
Stagnation trap 121 (3)
Entry Points to Break the Stagnation Trap 124 (4)
Institutional Design of Entry Points: 128 (2)
Second-best Principle
Will FDI Break the Stagnation Trap? FDI as 130 (3)
a Response to Domestic First Movers
Public Sector Role: Bottom-Up Reform 133 (1)
Strategic Agenda for Accelerating 134 (5)
Restructuring Processes
Industrial Policies To Facilitate 139 (18)
Restructuring And New Entry
Why is New Entry Critical? 139 (1)
Sources of New Entry: Three Types of 140 (2)
Economic Activities
Instruments to Promote Restructuring and 142 (2)
New Entry
New Entry Through Recombination of Assets 144 (5)
Formation of Restructuring Organization 149 (3)
How Donors Could Help to Accelerate the 152 (3)
Restructuring Process?
Industrial Policies to Support New Entry: 155 (2)
The Case of Software
Sectoral Policies To Facilitate Growth 157 (20)
Energy 157 (4)
Agriculture 161 (6)
Transport 167 (2)
Telecommunication Sector 169 (3)
Housing and Utilities 172 (5)
Appendix: Armenia Growth Prospects: Lessons 177 (5)
From The Growth Theory
Appendix Annex: Growth Regression Equations 182 (1)
References 183