Category Archives: Economics

Mismanagement and Corruption in Armenia’s Electricity Sector

Posted on June 25, 2016 by 0bserver

Executive Summary: Armenia has one of the highest shares of inexpensive hydroelectricity generation; the lowest shares of expensive natural gas generation; and a high share of inexpensive nuclear power generation. Yet it has the highest electricity tariff among the comparator … Continue reading →

Posted in Admin, All listed by Author, Economics, ENERGY | 1 Comment

Monopoly Profits in the Wheat Flour Market in Armenia

Posted on June 14, 2016 by 0bserver

Executive Summary: Conservative estimates show that the companies involved in importing wheat and selling flour on the Armenian market charge approximately double what it costs them to import, transport, mill, and sell the wheat/wheat flour. In 2014 alone, the two … Continue reading →

Posted in Admin, All listed by Author, Economics | 1 Comment

Economics of a Criminal Mind

Posted on September 26, 2015 by 0bserver

Armenia is undergoing its worst recession since the devastating fall of its Gross Domestic Product (GDP) in 2009. Back then, the economy shrunk by 14.2 percent, one of the worst outcomes in the world, courtesy of Kocharian’s “laundered-money-is-good-for-business” economic model … Continue reading →

Posted in All listed by Author, Economics | Leave a comment

Diffusion of Development: Where is Armenia?

Posted on March 14, 2015 by 0bserver

by Ani Harutyunyan, Guest Blogger One of the key determinants of economic performance of a country is the level of its technological advancement. Technological innovations, however, are highly concentrated. More than 80 percent of the world’s research and development (R&D) … Continue reading →

Posted in Economics, Guest Blogger | Leave a comment

Հայաստանի Սաստկացող Տնտեսական Ճգնաժամը

Posted on December 26, 2014 by 0bserver

      Ռուսաստանը բավականին լուրջ ճգնաժամի մեջ է: Այդ ճգնաժամի բնույթն ու խորությունը հասկանալն անհրաժեշտ է ամբողջությամբ ըմբռնելու համար, թե Հայաստանի տնտեսությանն իրականում ինչ է սպասվում մոտ ապագայում: Ռուսական ճգնաժամի պատճառները ավելի քան ակնհայտ են՝ արևմտյան սանկցիաները (հիմնականում ֆինանսական) … Continue reading →

Posted in Admin, Economics | Leave a comment

Easy Money: Implications of Armenia’s Recent Sovereign Bond Issuance

Posted on October 1, 2013 by 0bserver

On Thursday, September 19, 2013, Armenia issued its first sovereign US$-denominated bond and joined Bolivia, Namibia, Nigeria, Rwanda, Mongolia, and a handful of other (mostly low-income) countries that within the past year or so entered the international market for the … Continue reading →

Posted in Admin, Economics | 1 Comment

Armenia’s Economy since Independence

Posted on January 25, 2012 by 0bserver

Foreword A common analysis of Armenia’s economic performance since independence typically focuses on the limitations imposed by geography and geopolitics and mostly ignores, or at best glosses over, the failures of governance and policy to deliver on what could have … Continue reading →

Posted in David Grigorian, Economics | Leave a comment