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Armenia :, An Assessment of the Real Exchange Rate and Competitiveness, Anke Weber, Chunfang Yang

This paper uses a range of different methodologies to estimate the equilibrium real exchange rate in Armenia with both single-country and panel estimation techniques. We estimate a country specific autoregressive distributed lag model and then proceed with the estimation of a cointegrated panel consisting of transition economies in Europe and Central Asia. This addresses cross section dependence by using common correlated effects estimators. While our analysis focuses on Armenia, the methods are applicable to a large number of transition economies, and the paper thus provides an overview of methods that can be used to assess a country’s equilibrium exchange rate
Table Of Contents
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Recent Developments; A. Export Performance; 1. Export Volume; 1. Export Structure by Products; 2. Armenia's Current Account and Non-Commodity Exports; 3. Indicators of Armenia's External Competitiveness; B. Price Competitiveness: A Descriptive Analysis; 4. Effective Exchange Rate Developments; C. Non-Price Competitiveness; 2. World Economic Forum Competitiveness Indicators; 5. GDP Dynamics and Global Competitiveness Rankings for Armenia; 6. World Bank Ease of Doing Business Indicators
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (57 p.)
Specific Material Designation
Form Of Item

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