Freinkman, Lev; Gyulumyan, Gohar; Kyurumyan, Artak - 2013
This paper aims to develop a detailed analysis of quasi-fiscal deficits and subsidies, and their impact on Armenia … quasi-fiscal deficits and the incidence of quasi-fiscal subsidies in Armenia, as well as identify main recipients and … sources of quasi-fiscal financing. The principal finding of the paper is that while quasi-fiscal deficits in Armenia remain …