This paper is concerned about ways to close the above gap and expand the Diaspora's contribution to Armenia's long-term development agenda. The paper has two main inter-related objectives. First, it is to find some common factors that could explain the proactive involvement and dynamics of a...

This paper develops additional economic arguments to emphasize the potential importance of the Diasporas' contribution to economic transformation of former socialist economies. At the same time, it argues that so far this potential has been grossly underutilized, especially in the economies of...

This paper explores factors of economic decline in the small republican economies of the former USSR. It develops quantitative estimates of the costs of major transitional shocks for Armenia during the early transition, including the direct impact of terms of trade shock (price shock), direct...

This paper aims to develop a detailed analysis of quasi-fiscal deficits and subsidies, and their impact on Armenia's fiscal performance in the second part of the 1990s. Based on the flow-of-funds approach, we estimate the magnitude of the quasi-fiscal deficits and the incidence of quasi-fiscal...

Intro -- CONTENTS -- Abstract -- Acknowledgments -- Acronyms and Abbreviations -- Introduction -- Chapter 1. Traditional and Alternative Approaches to the Evaluation of Fiscal Adjustment -- Chapter 2. Quasi-Fiscal Activities in the FSU Countries -- Chapter 3. Armenia: Public Sector Balance and...

This paper aims to develop a detailed analysis of quasi-fiscal deficits and subsidies, and their impact on Armenia's fiscal performance in the second part of the 90-s. Based on the flow-of-funds approach, we estimate the magnitude of the quasi-fiscal deficits and the incidence of quasi-fiscal...

The paper deals with two issues. First, it focuses on the analysis of Armenia’s trade performance based on the utilization of standard statistical models and develops comparative estimates of this performance relative to the peer countries. The comparison is undertaken in terms of trade...

Intro -- CONTENTS -- Abstract -- Acknowledgments -- Abbreviation and Acronyms -- Executive Summary -- Introduction -- 1. Macroeconomic and Fiscal Environment -- 2. Main Expenditure Trends -- 3. Off-Budget Elements of the Fiscal System -- 4. Strengthening Public Expenditure Management -- 5....