The Faculty of Economics and Management at Yerevan State University hosted its latest scientific seminar titled "ORBITIR: Armenia's Development Orbital Model (2025–2035)". The presentation, developed by the YSU Scientific Analytical Center for Constitutional Economics, was delivered by Professor Hayk Sargsyan from the Chair of Management and Business.
The welcome speech was delivered by Associate Professor Karlen Khachatryan, Dean of the Faculty of Economics and Management, who emphasized the importance of scientific seminars as key initiatives aimed at advancing research and promoting scholarly development. According to Dean Khachatryan, such seminars not only provide a platform for presenting new scientific results but also foster constructive discussions, collaborative analyses, and enhanced scientific cooperation. He reaffirmed the faculty's commitment to expanding this initiative, contributing to the integrated development of science and education, and expressed hope that it would become one of the leading platforms for the development of economic thought in Armenia.
During the seminar, Professor Sargsyan introduced the ORBITIR model as a strategic program framework aimed at comprehensive and sustainable development in the Republic of Armenia. The model's name symbolizes stability and orbital progress. According to the speaker, the implementation of the ORBITIR model is necessary to ensure coherent and interconnected development across various sectors of the economy and society.
The model is built upon seven foundational pillars: 1. economic development, 2. social stability, 3. environmental protection, 4. national security, 5. institutional reforms, 6. technological advancement, 7. culturogenesis.
The development of the model employed advanced analytical methods, including PCA, SHAP, cluster and hybrid analyses, as well as logistic modeling. These tools allow for assessing the probability of transitions between different levels of national development and for generating potential development scenarios. Unlike traditional linear models, the ORBITIR model conceptualizes Armenia's development as a dynamic orbital trajectory that accounts for changes, risks, and managed transitions. It is regarded as an innovative approach compared with conventional models, such as economic growth and sustainable development frameworks or the OECD Well-being Framework.
The seminar included questions regarding methodological improvements, the weighting of the model's pillars in the unified orbital development index, and pilot testing of the ORBITIR model.
Active participation from scientists and faculty members led to a fruitful discussion, highlighting the importance of developing a less vulnerable assessment system within the context of sustainable development and positively evaluating the work presented.
The Faculty of Economics and Management has launched a series of scientific seminars. Participation is open to faculty members, undergraduate and postgraduate students from YSU as well as other universities across Armenia.
