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@article{ Timm2019,
title = {Industrial Development in the South Caucasus - A Comparative Perspective},
author = {Timm, Christian},
journal = {Caucasus Analytical Digest},
number = {110},
pages = {21-31},
year = {2019},
issn = {1867-9323},
doi = {https://doi.org/10.3929/ethz-b-000346798},
urn = {https://nbn-resolving.org/urn:nbn:de:0168-ssoar-87374-6},
abstract = {Against the background of amplified industrial policy initiatives, the paper reviews the development of industries in the Southern Caucasus from a comparative perspective. The analysis is organized based on four objectives in industrial policy: increasing economic performance, expanding exports, strengthening economic resilience and creating jobs. The paper explores Armenia's export-oriented development model, which lacks translation into relevant domestic value capture and job creation, Azerbaijan's failed liberation from oil-based industries and Georgia's decreased industrial development. Nevertheless, Georgia shows comparatively high domestic value capture and positive employment effects.},
}