On February 14, Prof. Muhammad Asali delivered a research seminar and presented his work on the relationship between the labor market and the healthiness of the economy. The paper, entitled “Labor Market Discrimination and the Macroeconomy,” which is a joint work with his former student Ms. Rusudan Gurashvili, aimed at measuring and documenting the discriminatory wage gaps in Georgia within gender and ethnic dimensions. Second, and more importantly, the study aimed at exploring the relationship between the found wage gaps and the macroeconomic performance of the country (as proxied by economic growth and unemployment).

Unlike the usual approach in literature of this kind, which examines the growth-discrimination relationship in the framework of a cross-section of countries, the presented study introduced an innovative, time-series-based approach to study this relationship, in the short-run, the long-run, and the steady-state.

One of ISET’s core values is to provide its students with an international academic environment. One of the key aspects of this mission is the academic seminars the institute periodically hosts; many outstanding scholars have visited ISET to present their research results and discuss issues in the focus of academic circles all over the world. This helps students with their studies, find their own interests, and remain up-to-date with the most recent academic trends worldwide.

It is, however, doubly special when an alumnus returns to meet his fellow ISETers. Dr. Lasha Chochua, who graduated from ISET’s MA program back in 2008, just recently defended his PhD thesis with the job market paper entitled ‘The Farsighted Stability of Global Trade Policy Arrangements’ in Bielefeld University, Germany.

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