Affiliation:
1. Russian-Armenian (Slavonic) University, Yerevan, ARMENIA
2. Armenian State University of Economics, Yerevan, ARMENIA
Abstract
The acceleration of the processes of the globalization in the world economy, that tights and deepens the integration of the economies of different countries, leads to different challenges for the authorities of those countries. Hence, the governments of those countries develop and implement various concepts, strategic and tactical plans. The development and the practice of planned system and its ingredients are implemented in different directions of social life such as economic, political, institutional, social through systematic reforms. In modern literature the assessment of abovementioned reforms is implemented by different international and nongovernmental organizations /World Bank, International Monetary Fund, UNO, etc./ through different indexes /Economic Freedom, Democracy, Legatum prosperity, KOF globalization Indexes, etc/. The main objective of our research is to develop new methodology of the new integral index that we will give us an opportunity based on indexes that quantitatively assess reforms in different directions and create one more integral index that will mostly express the comparative efficiency of various reforms in those countries for 2009- 2015. The formation of the new integral index is based on econometric methods (cluster and factor analysis). The analysis of the Integral Index of Life Quality, helps to outline the countries that have implemented reforms with high and less efficiency, directions that provide high effectiveness and areas that reduce the efficiency.
Publisher
World Scientific and Engineering Academy and Society (WSEAS)
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