ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
Mar
22

One Small Step for a Man, Big Data for Mankind: Uses of Alternative Data Sources in Tourism Development

There are many mesmerizing buildings in Tbilisi, but do you know which one tourists favor the most? Or have you ever wondered what travelers’ favorite Georgian food or wine is? Thanks to modern tools and data-gathering methods, we now have actual proof that khachapuri is tourists’ all-time favorite Georgian dish. In 2018, the Georgian National Tourism Administration (GNTA), along with Communication Agency Windfor’s, launched a campaign called  “Emotions are Georgia” to determine what foreign tourists admire the most in our beautiful country and whic...
Rate this blog entry:
Continue reading
591
0 Comments
Write a Comment
Mar
15

Equal Rights Are Not Just for Women: Are We Ready for New Paternity Leave Policies in Georgia?

The following blog article was conceived of within the deliberations of a project, together with UNFPA, related to the cost assessment of potential changes to the leave policies of working parents. Admittedly, like the majority of the population, I had no idea that men in Georgia have the opportunity to take leave intended for childcare. It is a fact that since 2011 the number of fathers who have taken “childcare” leave can be counted on just two hands (including the ISET Alumnus, Giorgi Balakhashvili). As a future father this topic proves to be particul...
Rate this blog entry:
Continue reading
614
0 Comments
Write a Comment
Mar
04

Enguri and Vardnili Hydropower Plants (HPPs) and Abkhazian Demand. A Difficult (and Costly) Puzzle for Georgia

Winter has always been a problem for the Georgian electricity system. Even though Georgia has plenty of hydropower, during this season several HPPs — seasonal and small — either stop or substantially reduce electricity generation. In this season, a significant share of hydropower generation comes from two large-scale state-owned pumped-storage HPPs: Enguri and Vardnili. However, exactly when the generation-consumption gap is the largest, most of the electricity produced is used to satisfy the consumption of the Abkhazia region, which on a yearly basis co...
Rate this blog entry:
Continue reading
522
0 Comments
Write a Comment
Feb
25

Water Losses and Operational Efficiency in the Water Sector: Observations and Proposed Policy Interventions

The large and chronic water losses characterizing distribution networks constitute one of the major challenges faced by Georgian water utilities. The water supply generates approximately 700 million cubic meters of non-revenue water (NRW) each year1, considering just the urban centers. High water loss rates create excessive operational costs for the utilities and result in undesirable operational inefficiency in the water supply sector. This creates obstacles — from a financial point of view — to the achievement of full cost recovery and to the appropria...
Rate this blog entry:
Continue reading
754
0 Comments
Write a Comment
Feb
18

Who Is the Surgeon?

Riddles are fun; sometimes, though, they teach us more than expected. Consider this riddle, for example. A son and his father get into a terrible accident; the father dies immediately while the son is rushed to the hospital for an urgent operation. A minute after being called in, a prominent surgeon steps out from the operating room and says “I cannot operate on this boy; he is my son”. Who is the surgeon? Take a guess! Hopefully, many of you guessed the quite obvious answer: the surgeon is the boy’s mother. The riddle has gained popularity due to the si...
Tags:
Rate this blog entry:
Continue reading
647
0 Comments
Write a Comment
Feb
13

William Nordhaus’ Models – a Dubious Equation for the Climate Debate

In preparation for the COP24 climate change conference in Poland, in December 2018, researchers published a report from the Intergovernmental Panel on Climate Change (IPCC) outlining how significant the consequences of climate change would be following a global increase in temperature of just a half degree, from 1.5 to 2 degrees C. In the wake of the newly released IPCC report, alongside William Nordhaus’ Nobel Memorial award, this year’s winner in economics, a heated debate has surfaced. This has come about not only with the instigators in Sweden publis...
Rate this blog entry:
Continue reading
579
0 Comments
Write a Comment

Our Partners