2010/2011 Fellowship Program fellows

Vilen Khachatryan’s research project is entitled ‘Post-Crisis Developments in Armenia’, and will examine developments in Armenia’s economy since the economic crisis. The research will attempt to answer the following: a) what were the root causes and other factors contributing to the decline of the Armenian economy; b) could greater regional economic integration have helped to avoid this decline; c) could post-crisis developments cause a debt crisis in Armenia? The hypothesis is that: a) flawed sectoral diversification and great external dependence led to the economic crisis; b) the crisis would not have been so great had there been greater regional integration; c) the post-crisis developments will not cause a debt crisis.