THE INFLUENCE OF GEOGRAPHIC FACTORS ON ECONOMIC DEVELOPMENT

Authors

  • Ashot MARKOSIAN D.Sc. (Econ.), Professor, Deputy Head of the Department of State Property Management under the Government of the Republic of Armenia (Erevan, Armenia) Author
  • Makar PETROSIAN Ph.D. (Econ.), Executive Director of the MAP Joint-Stock Company (Erevan, Armenia) Author

Abstract

There are many studies that show how a country’s production capacity greatly depends on its geographical location. Most economic production indices are characterized by a simple regressive dependence in production volume density (GDP per 1 sq. km) on geographic variables (average annual temperature, average annual amount of precipitation, altitude above sea level, ruggedness of landscape, soil categories, access to the sea, etc.).

Does this mean that geographic factors are determining the fate of a country’s development? If so, to what extent? If not, what measures should be taken to ensure long-term economic growth? We will try to shed light on these and other issues in this article. 

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References

See; World Development Report 2009: Reshaping Economic Geography, World Bank, Washington DC, 2009.

See: New Issues and Trends at the Regional Level: Least Developed Countries, Landlocked Developing Countries and the Small Island Developing States, Report of the Special Body on Least Developed and Landlocked Developing Coun-tries on its sixth session, U.N., Economic and Social Council, 1-4 September, 2003, Bangkok.

[http://www.world-russian.com/forum/680/18686].

See: World Investment Report 2010: Investing in Low-Carbon Economy, the U.N., New-York and Geneva, 2010,pp. 18-19.

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Published

2011-06-30

Issue

Vol. 12 No. 3 (2011): 3 (12) 2011

Section

REGIONAL ECONOMIES

License

Copyright (c) 2011 AUTHOR

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How to Cite

MARKOSIAN, A., & PETROSIAN, M. (2011). THE INFLUENCE OF GEOGRAPHIC FACTORS ON ECONOMIC DEVELOPMENT. CENTRAL ASIA AND THE CAUCASUS, 12(3), 180-192. https://ca-c.org/CAC/index.php/cac/article/view/1841

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