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ISET Economist Blog

A blog about economics in the South Caucasus.
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Author
  • Givi Melkadze
  • Giorgi Machavariani
  • Andrei Sarychev
  • Giorgi Mekerishvili
  • Nino Abashidze
  • Aleqsandre Bluashvili
  • Rezo Geradze
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  • George Basheli
  • Ia Vardishvili
  • Robizon Kukhalashvili
  • Tom Coupe
  • Adam Pellillo
  • Lasha Arevadze
  • Saba Devdariani
  • Nino Mosiashvili
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  • Jan Klingelhofer
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  • Tamari Giorgadze
  • Aram Grigoryan
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  • Levan Bzhalava
  • Maya Grigolia
  • Izat Berenaliev
  • Lasha Lanchava
  • Nino Zambakhidze
  • Nino Doghonadze
  • Simon Appleby
  • Rafael Castro
  • Givi Kupatadze
  • Ruediger Heining
  • Mariam Zaldastanishvili
  • Zurab Abramishvili
  • Salome Goglichidze
  • Gigla Mikautadze
  • Hans Gutbrod
  • Kalman Mizsei
  • Ivane Pirveli
  • Irakli Galdava
  • Victor Kipiani
  • Florian Biermann
  • Irakli Shalikashvili
  • Olga Azhgibetseva
  • Phatima Mamardashvili
  • Eric Livny
  • Aleksandra Markovic
  • David Zhorzholiani
  • Nino Kakulia
  • Matsatso Tepnadze
  • Laura Manukyan
  • Irakli Barbakadze
  • Lika Goderdzishvili
  • Selam Petersson
  • Sophiko Skhirtladze
  • Irakli Kochlamazashvili
  • Levan Pavlenishvili
  • Jemal Tsintsabadze
  • Nika Molashvili
  • Gocha Kardava
  • Rati Porchkhidze
  • Mariam Galdava
  • Lasha Labadze
  • Guranda Darchidze
  • Muhammad Asali
  • Karine Torosyan
  • Levan Tevdoradze
  • Mariam Katsadze
  • Ana Burduli
  • Davit Keshelava
  • Giorgi Mzhavanadze
  • Elene Seturidze
  • Mariam Tsulukidze
  • Erekle Shubitidze
  • Guram Lobzhanidze
  • Mariam Lobjanidze
  • Mariam Chachava
  • Maka Chitanava
  • Salome Deisadze
  • Ia Katsia
  • Salome Gelashvili
  • Tamar Sulukhia
  • Norberto Pignatti
  • Giorgi Papava
  • Luc Leruth
  • Yaroslava Babych
Date
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Labor Market Reform: Is the Glass Half Full or Half Empty?
ISET-PI has updated its forecast of Georgia’s real GDP growth rate for the fourth quarter of 2016 and the first quarter of 2017. Here are the highlights of this month’s release: • Geostat has updated its GDP growth estimate for the third quarter of 2016. The Q3 growth rate stands at 2.2%, which was 1.3% below the ISET PI’s forecasted value. • As a result of the update, the growth forecast for Q4 of 2016 was revised downward to 2.9% from the 4.1% projected in October. • ISET-PI’s first forecast for Q1 of 2017 puts GDP growth at 3.5%. Download the full report.
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New Old Chavchavadze Avenue – Putting the Horse Ahead of the Cart?
On December 15, 2016, Dr. Natalia Velikova, Associate Professor at Texas Tech University (TTU), held a lecture on Focus Group Discussions for the researchers of ISET-PI. Natalia is an Associate Director of the Texas Wine Marketing Research Institute. Currently, she is a Fulbright scholar in Tbilisi and works on the Development of Wine Marketing and Wine Tourism Strategies for Georgia. Natalia started her presentation by outlining the main differences between quantitative and qualitative research and suggested some criteria for choosing between these two approaches. Afterwards, she introduced Focus Group Discussions (FGD) as one of the methods used in qualitative research and listed research goals and questions to be addressed with FGDs.
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The Georgian COVID-19 Response: Was the Lockdown Worthwhile?
In the first two weeks of December, Georgian retail prices increased. ISET’s Retail Food Price index gained 1.2% m/m (compared to mid-November). Nonetheless, compared to December 2015, the holidays will cost less than n 2016, as we recorded a significant 13% decrease in food prices. IN THE SPOTLIGHT Most noteworthy bi-weekly price increases were observed for the following food items: eggplant (14%), beef (8%), and rice (8%). While the weaker Georgian lari was supposed to boost the prices of imported commodities (the Georgian lari has lost value during the last couple of weeks), surprisingly, prices dropped the most for imported apples (18%), imported tomatoes (13%), and cucumber (8%).
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Mortgage Subsidy – Encouraging Borrowing in the Midst of a Crisis
The average cost of cooking one standard Imeretian Khachapuri in November 2016 stood at 3.46 GEL, which is 1.9% higher month-on-month (compared to October 2016). The upward trend in the Index at this time of the year is expected and largely related to the seasonal increase in the price of cheese. Reasons for this seasonal price swing can be summed up as follows: supply and demand. More specifically, though the demand for milk and cheese stays more or less same, the production tend to peak in the spring and remain low in winter.
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The Impact of Food Safety Regulations on Agricultural Trade
Read the detailed report in ENG Read the Infographic in GEO
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Seasonal Effects and COVID Lockdown Combined Close the Generation-Consumption Gap in April
The average cost of cooking one standard Imeretian Khachapuri in November 2016 stood at 3.46 GEL, which is 1.9% higher month-on-month (compared to October 2016). The Khachapuri Index is down by 5.6% year-on-year (compared to November 2015), suggesting annual deflation as measured by the index. Khachapuri’s main ingredient is Imeretian cheese, and naturally, its price is the main driver of our Khachapuri Index. In November 2016, cheese was the main contributor of the year-on-year decrease in Khachapuri prices; cheese price dropped by 6.5% compared to the same month of the last year.
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