ISET

On Thursday, May 14th, ISET hosted Helena Schweiger, Senior Economist in the Office of the Chief Economist at the EBRD, London. Ms. Schweiger presented her recent paper “The impact of armed conflict on firms’ performance and perceptions”, co-authored with Carly Petracco. This study explores the short-run impact of August 2008 conflict between Georgia and Russia on firms’ performance and their perceptions of the business environment.
Authors used the Business Environment and Enterprise Performance (BEEP) Survey data before and nine months after this armed conflict. The difference-in-differences estimates suggest that despite the short duration, armed conflict had a significant and negative impact on share of exports in sales and employment for at least a subset of firms.

On April 16-17, ISET supported Conference “Tourism Development Perspectives in Georgia” organized by Georgian National Tourism Agency (GNTA). Our experts participated in the application selection process, Lasha Labadze, Deputy Director of ISET Policy Institute, represented the organization as a jury member.
Four topics got the best evaluation based on their innovative approach, specific and feasible policy recommendations. Those topics were: 1.Georgia, as an Attractive Place for Film Industry 2. "Travel Insurance – Overview and Solutions" 3. "Information Dissemination Using New Technologies"; 4. "Gambling, Entertainment Industry Situation and Its Development in Georgia".

On November 20, 2014 Dr. Sergei Chobanyan professor of ISET and Georgian Technical University, Senior Scientist at the Niko Muskhelishvili Institute of Computational Mathematics of Georgian Technical University, held a presentation “On the Volume Calendar Planning Problem” at the ISET Conference Hall.

Dr. Sergei Chobanyan together with his colleagues from Niko Muskhelishvili Institute applied their theoretical results on the best rearrangement of summands to the following problem:The annual production plan of an enterprise consists of n items characterized by d-dimensional vectors. The group of researchers contributed to the development of stated problem, both fundamental and applied.

On February 12th, ISET hosted Dr. Andrea Ciani from Bocconi University, who presented his job market paper "Export Quality Upgrading under Credit Constraints".

The speaker began his presentation with a simple example that he used to explain his research paper. The Italian furniture company Kartell is famous for the production of plastic chairs. However, for export purposes, the firm decided to improve the quality of its product and started to produce chairs made from a mix of plastic and expensive materials, such as as silver, gold and even platinum. However, quality upgrades require investment. In many cases, companies have to take credits from local banks for this purposes.

On November 14, 2014 ISET hosted the conference organized by CASE (Center for Social and Economic Research, Warsaw). Conference summarized the results of the research project “Transfer of Know-How for Small and Mid-Size Businesses in Georgia”.

Experts from the Czech Republic, Elina Valerie Lunova (Ministry of Industry and Trade (MPO), Czech Republic) and Alena Zemplinerova (CEVRO Institute and Anglo-American University Prague) presented proposed activities for SME support in Georgia, based knowledge and experience accumulated during the transition of Czech economy into a market economy as well as from the accession of the Czech Republic to the European Union.

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