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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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Author
  • Tinatin Akhvlediani
  • Giorgi Nebulishvili
  • Tornike Surguladze
  • Elene Kvanchilashvili
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  • Tamar Mdzeluri
  • Eka Nozadze
  • Nutsa Bazlidze
  • Archil Chapichadze
  • Giorgi Bakradze
  • George Papava
  • Mery Julakidze
  • Givi Melkadze
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  • Rezo Geradze
  • Nino Abashidze
  • Giorgi Kelbakiani
  • Giorgi Tsutskiridze
  • Robizon Khubulashvili
  • Ia Vardishvili
  • Adam Pellillo
  • Saba Devdariani
  • Nikoloz Pkhakadze
  • Nino Mosiashvili
  • Charles Johnson
  • Maya Grigolia
  • Lasha Lanchava
  • Nino Doghonadze
  • Zurab Abramishvili
  • Mariam Zaldastanishvili
  • Gigla Mikautadze
  • Ivane Pirveli
  • Irakli Galdava
  • Florian Biermann
  • Irakli Shalikashvili
  • Olga Azhgibetseva
  • Phatima Mamardashvili
  • Eric Livny
  • Nino Kakulia
  • David Zhorzholiani
  • Irakli Barbakadze
  • Laura Manukyan
  • Selam Petersson
  • Lika Goderdzishvili
  • Sophiko Skhirtladze
  • Irakli Kochlamazashvili
  • Levan Pavlenishvili
  • Rati Porchkhidze
  • Gocha Kardava
  • Lasha Labadze
  • Muhammad Asali
  • Karine Torosyan
  • Levan Tevdoradze
  • Mariam Katsadze
  • Ana Burduli
  • Davit Keshelava
  • Giorgi Mzhavanadze
  • Elene Seturidze
  • Tamta Maridashvili
  • 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
  • Sopha Gujabidze
  • Yaroslava Babych
Date From
Date To
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20 March 2015
Eric Livny, Levan Pavlenishvili
All the Roads Lead to Tskaltubo
“Roulette until six in the evening. Lost everything”, notes Leo Tolstoy on July 14, 1857. He did not pen these words in Moscow or St Petersburg”, writes Elizabeth Neu. “It was in Baden-Baden that Tolstoy closed his diary with a sigh that night.”
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13 March 2015
Olga Azhgibetseva, Florian Biermann, Eric Livny
Save the Georgian Bazaar!
Open-air markets, so-called bazaars, are considered by many Georgians to be relics of the past. Progressive people buy in supermarkets with all its amenities: clean areas, shiny floors, the temperature regulated at a convenient level, the products placed in order and often arranged tastefully. Only backward people buy in a bazaar if there is a supermarket available.
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10 March 2015
Eric Livny, Olga Azhgibetseva
Khachapuri Index as a Predictor of Structural Changes in the Economy
In February, the average cost of cooking one standard Imeretian Khachapuri fell to 3.29GEL, which is 3.4% lower month-on-month (compared to January 2015), and 4.8% lower year-on-year (compared to February 2014).
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06 March 2015
Florian Biermann
What Can We Do about the Lari Depreciation?
Unlike most commodities that are provided by private actors competing with each other, a currency is provided by a monopolist. The only institution that is allowed to produce laris is the National Bank of Georgia (NBG).
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04 March 2015
Yaroslava Babych, Florian Biermann, Maya Grigolia
Lari Depreciation: Is a Financial Crisis on the Horizon?
The recent bouts of sharp lari depreciation caused much anxiety among the Georgian population, prompting fears of inflation, loan defaults, and bank failures, on the one hand, and the typically Georgian political speculations over “who is to blame”, on the other.
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27 February 2015
Nino Mosiashvili, Nikoloz Pkhakadze
Making Sense of FDI Dynamics
Foreign direct investment (FDI) is critical to every developing county, and Georgia is no exception in this regard. Georgia wants to grow out of poverty and catch up with the economically more developed regions of the world – for this to happen, foreign resources are needed, in particular, if the domestic savings rate is as low as in Georgia.
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