ISET

ISET Economist Blog

A blog about economics in the South Caucasus by ISET

ISET Policy Institute was founded in 2011 by the Partnership for Economics Education and Research (PEER) with the financial support of the Think Tank Fund (TTF) of the Open Society Institute.

Oct
03

On Predicting Election Results

  Forecasters, professionals and amateurs alike, all got it wrong. The Brexit came as a surprise because the bookmakers (people who organize bets on developments in politics, economics, and sports) reported that about three times more money was put on the event that Britain would stay in the EU than on its alternative. With poll results being inconclusive in the weeks before the referendum, this led many pundits to believe that Britain would stay in the EU. Also in the United States, the predictors were dramatically embarrassed when Donald Trump pr...
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Nov
27

EXPO AGRO TBILISI: Welcome to the Real Agriculture Economy

As I do every year since I arrived to Georgia back in 2009, I attended this November the Tbilisi International Fair for Agro, Food and Drink Products, Packaging and Processing. This fair, although very small for international standards (some 60 stands) is actually one of the most important trade exhibitions in the country, and the only significant one with a focus on agriculture and food sectors. When I visited this fair the years before I always found it a bit 'fake': flashy stands, few visitors (excepting in the inauguration day) and very seldom real ...
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May
22

Georgia Doubled the Area of Cultivated Agricultural Land in 2013

According to available data from the ministry of agriculture (MoA), by 1 May, 2013, 400,000 hectares have been cultivated this year in Georgia, which means a 100% increase compared to last year and the highest figure, by far, since 2005. In fact, this is the highest yearly increase in cultivated area Georgia recorded during the last decades. In total, Georgia has around  800,000 hectares of agricultural land (i.e. land suitable for cultivation). Table: Georgian agricultural land in cultivation (hectares), 1990-2013   Source...
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Apr
11

Rural Migration in Georgia to the Urban Areas: The Myth and the Truth

Please find below a chart with the population data of the 13 Georgian real urban settlements (I.e. plus than 20,000 inhabitants). As you can see, and contrary to widespread perceptions, there is no significant augmentation of the urban areas' population in Georgia in the last two decades or so. On the contrary, virtually all cities, excepting Tbilisi, saw a population decline, in many cases, with a 20% or more population lost (Kutaisi, Rustavi, Gori). the only exceptions are Zugdidi (certainly due to IDPs influx in the early 90's) and Batumi, that saw a ...
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