ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
Sep
20

ISET’s Consumer Confidence Index Shoots through the Roof

In September 2016, ISET’s Consumer Confidence Index added 13 points, the single largest monthly increase in the Index since its launch more than 4 years ago. Having risen from -28.7 to -15.7 points, the CCI rebounded to levels we have last observed about two years ago, in fall 2014 (i.e. at the outset of the GEL devaluation drama). Both the Expectations and Present Situation components of the CCI soared (up by 11.1 and 14.9 points, respectively), breaking historical records for monthly increases. On the one hand, the latest improvement in the CCI extends...
Rate this blog entry:
Continue reading
1792
0 Comments
Write a Comment
Sep
12

Do Teachers Respond to Incentives? Results of a Philanthropic Experiment in Sachkhere, Georgia

  What can bring the brightest among Georgian university graduates to the country’s public schools? While money alone may not do the trick, it is difficult to see a solution that does not represent a radical departure from the current remuneration system which places teachers – who hold the keys to Georgia’s future as a nation! – at the very bottom of the social ladder. Not only teachers remain the lowest paid category of Georgian workers but the gap between the annual average wage in education and other sectors of the economy has been widening over...
Rate this blog entry:
Recent comment in this post
Guest — BillAppleman
Excellent article. Considering how Singapore and Finland have completely changed their education and, thereafter, economic outcom... Read More
Friday, 16 September 2016 4:04 PM
Continue reading
2132
1 Comment
Write a Comment
Jun
05

Obstacles for Dual Vocational Education in Georgia

In Central Europe, vocational education and training (VET) has a tradition that reaches back to medieval times. To become, say, a baker in 14th century Germany, one had to go through an apprenticeship of two years, working and learning in an existing bakery, where one was guided and supervised by a meister (master craftsman). The apprenticeship was standardized and – if successful – ended with the conferment of a certificate and admission to the baker’s guild.  Not only skills were acquired in the apprenticeship (e.g., kneading the dough) but also t...
Rate this blog entry:
Recent Comments
Ruediger Heining
Thanks a lot to Tamta and Mariam for this interesting blog. Introducing a dual VET system in Georgia would have many benefits for ... Read More
Sunday, 05 June 2016 11:11 AM
Simon Appleby
The Dual Vocational Education model is not unique to Europe, it is the basic standard in most Commonwealth countries and the Unite... Read More
Monday, 06 June 2016 2:02 PM
Ruediger Heining
Simon, the experiences in the United States to start a dual system in vocational education is quite interesting for Georgia and a ... Read More
Monday, 06 June 2016 3:03 PM
Continue reading
2121
3 Comments
Write a Comment
Apr
24

Lost from the Start

14 years ago, the American educationalists Valerie E. Lee and David Burkham published a highly noticed and controversial study titled “Inequality at the Starting Gate: Social Background Differences in Achievement as Children Begin School” (Economic Policy Institute 2002). The authors work with a sample of 16,000 children who entered US kindergartens in 1998 and 1999 and who had taken the ECLS-K entry test, measuring a children’s basic reading and mathematical skills. The authors showed that the social and economic background of a child was a reliable pre...
Rate this blog entry:
Recent Comments
Eric Livny
This article addresses one of the key issues of Georgias society and statehood. It is far more important than anything else being ... Read More
Monday, 25 April 2016 7:07 AM
Eric Livny
Boarding schools are indeed a very good solution to the challenge of equality from the start. The Gocha story I shared in my TEDx ... Read More
Monday, 25 April 2016 10:10 AM
Simon Appleby
Boarding schools were once common here and in other parts of the Soviet Union. They remain very common in many developing countrie... Read More
Monday, 25 April 2016 9:09 AM
Continue reading
2310
19 Comments
Write a Comment
Apr
11

The Samtredia Redemption

Nino Kakulia was born in Samtredia on 15 October 1991, in the last days of the Georgian Soviet Socialist Republic. By the time Nino and independent Georgia were celebrating their 13th birthdays, the Georgian government embarked on a series of long overdue reforms, one of which was about cleansing the country’s higher education system from corruption.  This was undoubtedly an excellent and timely reform for Nino, an ambitious student in Samtredia’s school. Until then, to get admitted into a public university, Nino or, rather, her family, would have h...
Rate this blog entry:
Recent Comments
Eric Livny
Nino is certainly a romantic idealist, but I dont think there is anything idealist or romantic about the article. I dont claim tha... Read More
Monday, 11 April 2016 10:10 AM
Florian Biermann
The article is very idealistic, not to say romantic, about young people’s desire to acquire EDUCATION. I do not doubt that there a... Read More
Monday, 11 April 2016 7:07 AM
Florian Biermann
I got your point. Critical thinking should indeed be encouraged in Georgian schools, that is also my impression, even if the stude... Read More
Monday, 11 April 2016 10:10 AM
Continue reading
3617
22 Comments
Write a Comment
Feb
27

Don’t Talk about Georgia’s Future!

According to Micklewright (Macroeconomics and Data on Children, UNICEF 2000), a share of 7% of the Georgian gross domestic product of the year 1991 accounted for education. In 1994, this number had fallen to 1%. As Micklewright comments, such a dramatic decrease of educational expenditures was never seen before nor afterwards in the history of any country. Recovery after the crisis was a long process. Until 1998, spending on education had only increased to 2.1% (World Bank Development Indicators), and in 2002, wages in the educational sector were still r...
Rate this blog entry:
Recent Comments
Ruediger Heining
Why claiming to double the salary of teachers? To avoid corruption in education or the rank growth of parallel teaching system, wh... Read More
Monday, 07 March 2016 9:09 AM
Florian Biermann
I agree with most of your remarks, though I am wondering why you question the importance of salaries. As you write: (quote) The mo... Read More
Sunday, 01 May 2016 11:11 AM
Continue reading
2433
2 Comments
Write a Comment

Our Partners