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ISET Economist Blog

A blog about economics in the South Caucasus financed within the institutional grant by the Government of Sweden.
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  • Eka Nozadze
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  • Salome Deisadze
  • Ia Katsia
  • Salome Gelashvili
  • Tamar Sulukhia
  • Norberto Pignatti
  • Giorgi Papava
  • Luc Leruth
  • Yaroslava Babych
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Georgia Becomes a Net Importer of Electricity Even During the Summer Period
In August 2018, Georgian power plants generated 985 mln. KWh of electricity (a 5% decrease in total generation, compared to the previous year and a 22% decrease with respect to July 2018), while consumption of electricity on the local market was 1,049 mln. kWh (+1% compared to August 2017, and -4% with respect to July 2018).
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Biosphere Reserve – The Role Model of Regions for Sustainable Development
While listening to Wade Davis, who has been often described as “a rare combination of scientist, scholar, poet and passionate defender of all of life’s diversity,” the subject of biosphere reserves came to my mind. This was partly because earlier this year I conducted a series of trainings on this issue with local municipality representatives in the Kakheti region, and partly because, as an economist, I see how valuable biosphere reserves can be to preserve cultural (and of course bio!) diversity.
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Great Expectations: Does the DCFTA Really Boost Georgia’s Economic and Export Potential?
On June 27, 2014, Georgia and the EU signed an Association Agreement (AA) and its integral part – the Deep and Comprehensive Free Trade Area (DCFTA). On July 1st, 2016, DCFTA fully entered into force. Until then, trade between Georgia and the EU was regulated by the Special Incentive Arrangement for Sustainable Development and Good Governance that contained a Generalized System of Preferences+ (GSP+) agreed to in 2005.
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Will Georgia Ever Get to the World Cup?
This summer, Russia is again at the epicenter of the world, but this time for hosting the 21st FIFA World Cup football tournament and not for the occupation of its neighboring countries’ territories. The majority of the world’s population is gripped by football fever, and Georgians are no exception. You can see random people on the streets wearing the jersey of their favorite nation. Students attend classes wearing jerseys or football T-shirts.
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Real Estate = Real Investment
Summer is a good time for traveling to the sea, but now I want you to join me in the journey in time. A memory from my childhood in the early 2000s was the discussion among people about the choice between “Khrushovka” and “Chekhuri.” Households were buying flats and making investments in real estate.
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Georgian and Armenian “Deplorables” and "Desperados" Taking It to the Streets
Georgian and Armenian ruling parties have been until recently basking in the glory of high GDP growth rates. Armenia’s stellar growth performance of 7.5% in 2017 and Georgia’s respectable 5% are, indeed, worthy of praise. However, do these figures really matter for the objective well-being of the majority of Georgians and Armenians? Second, how does economic growth, as measured by GDP, affect people’s subjective perception of happiness?
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