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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
  • Giorgi Machavariani
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  • Rezo Geradze
  • Nino Abashidze
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  • 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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28 June 2013
Maya Grigolia, Yaroslava Babych
Georgian Banking Sector Development: Is There Room for Growth?
The Georgian economy faces many challenges, not least of which is access to finance and the extremely high cost of financing private enterprises. With the cost of borrowing (real interest rate) reaching 17.3% on average in April 2013, businesses find it very difficult to function, let alone invest in innovative technologies, long-term growth, and development.
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26 June 2013
Elkin Nurmammadov
Reforming Vocational Education in Azerbaijan: Back to Future?
Baku today is very different from the Baku of my high school years. I remember riding a tram to school. I also remember my high school sharing a building with a vocational school. Nowadays, you will find neither trams nor well-functioning vocational schools in Baku.
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21 June 2013
Nino Doghonadze
Regional Disparities in Georgia
Regional development policy, defined as aid and assistance given to economically less developed regions, is an issue for almost every country that seeks territorial unity. Putting the arguments of equity or efficiency aside, states with high regional disparities are potentially exposed to the political risk of disintegration.
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17 June 2013
Givi Melkadze
Georgia's Current Account Deficits: Good or Bad?
There has been a lively debate on current account (CA) imbalances around the world. Georgia is not an exception with its politicians and economists often complaining about Georgia’s current account deficits (see Figure 1) and discussing potential ways of reducing or even eliminating them without actually reasoning why one should do so.
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14 June 2013
Irakli Galdava, Eric Livny, Norberto Pignatti
Khudoni and Georgia’s Energy Policy Dilemma: Go Green or Go Greedy
Khudoni, Georgia’s largest hydropower investment project, is again making the headlines. According to a recent statement by Georgia’s Minister of Energy and Natural Resources Kakha Kaladze, the project will be put on hold at least until March 1, 2014.
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10 June 2013
Giorgi Mekerishvili, Eric Livny
An Economist’s Comment on “Dodge or Die” on the Streets of Tbilisi
As Stephen Dowling put it in his BBC News article a few years ago, “when it comes to crossing the road, there's no such thing as an international standard. Every country does it differently.” How people drive and cross the road, according to Dowling, is a matter of a country’s cultural values. Is it really?
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