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NAVIGATING UNCERTAINTY: AN INTERVAL METHOD TO UNCOVER EXPORT DYNAMICS -- INSIGHTS FROM THE REPUBLIC OF ARMENIA.

Authors :
Tavadyan, Ashot
Tavadyan, Aghasi
Source :
International Journal of Professional Business Review (JPBReview); 2023, Vol. 8 Issue 10, p1-11, 11p
Publication Year :
2023

Abstract

This article discusses a study that introduces an interval method for evaluating Armenia's export dynamics in uncertain economic contexts. The study focuses on export forecasts and interval forecasts to improve accuracy in assessing economic indicators during uncertainty. The analysis shows that the EAEU market offers more favorable export growth compared to the global market during uncertainty, and the interval method significantly improves forecast accuracy. The research highlights the importance of prioritizing trade relations with specific countries and the economic significance of finished product exports. It provides insights into Armenia's export-oriented growth prospects and offers a practical guide for policymakers, emphasizing the importance of modernization, collaboration, and economic competitiveness, particularly in smaller economies. [Extracted from the article]

Details

Language :
English
ISSN :
25253654
Volume :
8
Issue :
10
Database :
Complementary Index
Journal :
International Journal of Professional Business Review (JPBReview)
Publication Type :
Academic Journal
Accession number :
173708871
Full Text :
https://doi.org/10.26668/businessreview/2023.v8i10.3777