ISET

ISET Economist Blog

A blog about economics in the South Caucasus by ISET
May
29

Higher Equality for Higher Growth

Back in 12th century, one of the greatest Georgians, Shota Rustaveli, was writing about equal rights for men and women in his poem. Do we share his ideas today? The Georgian constitution has a guarantee of gender equality in the country. Accordingly, men and woman have equal rights to land ownership, and the right to inherit land is same for both sexes. However, in Georgia, as in many developing countries, land ownership issues are very much influenced by cultural values. Georgian traditions make it less likely that land will be inherited by the daughter...
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Apr
25

Are Working Women Happy Women? View from the Greater Caucasus

“Happiness is the meaning and the purpose of life, the whole aim and end of human existence” – Aristotle WHY STUDY HAPPINESS? Already in ancient times philosophers debated the nature of happiness and the recipes for a happy and fulfilling life. Today this question is also hotly debated by scientists and politicians, who are particularly interested in what can be done to increase the happiness of their voters (and citizens, more generally). Happiness has become so important nowadays that four countries: Bhutan, Ecuador, UAE and Venezuela went so...
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Eric Livny
Am curious whether the same data could be used to analyze whether the husbands are happier as a result of their wives working outs... Read More
Tuesday, 26 April 2016 10:10 AM
Nino Doghonadze
This would be very interesting questions to answer. Unfortunately, however, the survey is not collecting data on happiness levels... Read More
Tuesday, 26 April 2016 1:01 PM
Eric Livny
The fact that happiness (or utility) are determined by social norms may be a problem not only for the whole economics of happiness... Read More
Wednesday, 27 April 2016 9:09 AM
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Jan
18

Men Are Rational, Women Are Adaptive?

INSIGHTS FROM GEORGIA’S CONSUMER CONFIDENCE INDEX For over three and a half years, the ISET Policy Institute has been tracing the trends in the Georgian consumer sentiments. Every month a team of callers dial randomly generated telephone numbers to interview around 330 people from all over Georgia. The interviewer first asks the basic questions about the respondent’s age, level of education, place of residence, and then follows up with questions about the current financial situation of the household and the person’s expectations about the future economic...
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Sep
21

Georgia’s Shrinking Population

“Georgians would have half a child if there was such a possibility”. Armenian Bishop Vazgen in Kita Buachidze’s Black Book   According to the population projections of the United Nations (constant fertility scenario), by the end of this century the Georgian people will count only 2.8 million. In 2013, Georgia has been among only 19 countries in the world with a population that decreased year on year. An aggravating factor is the sex ratio of babies, which in Georgia is heavily skewed towards males. While globally about 107 boys are born per 100 girl...
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Eric Livny
Great responses, Nino, many thanks! Let's make Georgia a better place and procreate
Tuesday, 22 September 2015 9:09 AM
Nino Doghonadze
Eric, you are asking difficult questions but I will try to answer below:"Should Georgia be worried about having not enough or too ... Read More
Tuesday, 22 September 2015 8:08 AM
Guest — FlorianBiermann
Eric, the article discusses the question whether a demographic problem exists at all separately from the question what are the pos... Read More
Tuesday, 22 September 2015 7:07 PM
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Sep
11

Empowering Georgian ‘Plow Mothers’ (Gutnis Deda)

“The lion's whelps are equal be they male or female” – Shota Rustaveli    Giving women voice in company management may prove beneficial for performance. For instance, according to an influential Catalyst report, The Bottom Line: Corporate Performance and Women’s Representation on Boards, “companies that achieve [gender] diversity and manage it well attain better financial results, on average, than other companies.” In particular, they find that firms with the most women board directors outperform those with the least on such indicator...
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Apr
01

President Margvelashvili and Cartu Foundation Unveil Plans to Usher a New Era in Georgia’s Public Schooling

April 1, 2015 A little-known experiment launched in 2009 is about to revolutionize Georgia’s countryside. “Teach for Georgia (TG)” [1] is a small program administered by the National Center for Teachers’ Professional Development, seeking to stream new blood into the public education system. With a tiny annual budget of 212,000 GEL, TG was initially conceived as a publically funded “startup”, an attempt to think and act out-of-the box. Though starting small and mainly focusing on schools in remote mountain communities, TG has always been seen as potential...
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Guest — Y
Great, where do I sign up?.... But I am worried - what if I spend a year in the mountains and still can't redefine my purpose in l... Read More
Thursday, 02 April 2015 12:12 AM
Guest — megiddo02
I fully agree with the message of the article -- radical, groundbreaking reforms are needed in Georgia's school system.The specifi... Read More
Thursday, 02 April 2015 5:05 PM
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