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ISET Economist Blog

A blog about economics in the South Caucasus.
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Is Climate Change Threatening Winter Tourism in Georgia? – Part 2 – Adaptation Measures
Georgian winter resorts have finally started their long-awaited season in February 2020, after a
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Tusheti Community Network Drives Development into the High Mountainous Regions of Georgia
This policy document was created through the project “Raising support and enhancing understanding of the Europeanization process in Georgia: information and communication campaign on EU-Georgia Association Agreement, including DCFTA” funded by the Romanian government. The document provides a summary of findings from a study implemented by the ISET Policy Institute in partnership with PricewaterhouseCoopers (PWC) and Policy and Management Consulting Group (PMCG) at the request of the Ministry of Economy and Sustainable Development. As part of this study, we conducted a survey of relevant stakeholders including major businesses and business associations, government agencies, commercial banks, and donor and international organizations. It also incorporates the main results from a study of investment opportunities from non-EU countries and potential sectors of investment, which we conducted together with the German Economic Team Georgia. Both studies have been conducted in February-April 2016.
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Is Climate Change Threatening Georgian Winter Tourism? – Part 1
Supported by the German Federal Ministry for Economic Cooperation and Development (BMZ) and the Chamber of Commerce and Industry for Munich and Upper Bavaria, and working in partnership with the Georgian Chamber of Commerce and Industry (GCCI), this project aims at strengthening entrepreneurship education in Georgian Vocational Education and Training (VET) institutions. In order to do so, the study considers European best practices in teaching entrepreneurship and analyzes the current situation of entrepreneurship education in Georgian VET colleges and universities. Based on the analysis, the project suggests ways in which Georgian VET institutions can improve entrepreneurship education, identify talented and interested future entrepreneurs, and create an environment where the students will be able to test their skills and knowledge.
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Recent Monetary Policy Measures and Lending Regulations — the Effect on Georgian Lending Patterns
Georgia’s wine industry is heavily dependent on export to CIS countries and especially Russia. Two main short-run risks associated with the Russian market prevail for Georgian wine exports at present: 1. Russia might cancel its free trade agreement with Georgia. This would reduce the demand for Georgian wine in Russia by 18%, or USD 20 m based on 2014 exports. 2. The economic slowdown in Russia could lead to reduced demand for wine. We estimate that this could reduce demand for Georgian wine by 5%, and at most 10%, or USD 5.5 to 11 m. These short run risks are substantial but manageable. Reduced demand due to the economic slowdown combined with a cancellation of free trade with Russia would reduce total Georgian wine exports by USD 28.5 m or 17%, but still leave them much higher than their average level in recent years.
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Earth Is not Cool, It Is Getting Hotter!!!
The methodology aims to calculate the subsistence minimum for different categories in terms of the subsistence minimum of a healthy 30-39-year-old man. The categories differ by gender, age (in the following ranges: 0-3 (less than 48 months), 4-6 (from 48 to 84 months), 7-12, 13-17, 18-29, 30-39, 40- 59, and 60+), and social or health status (in the following categories: healthy, child with disability, person with disability group I, person with disability group II, refugee, bedridden, lonely pensioner, pregnant, breast-feeding woman, single parent, and orphan). Table 1 below summarizes all categories.
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Making a Break-Through in Gender Equality Will Not Be Easy – That’s Why Evidence-Based Approaches to Policy Should Be Taken Seriously
Some Background on the Georgian PSA The present Population Situation Analysis (PSA) was carried out by the Country Office of UNFPA in Georgia, at the request of the Government Planning & Innovations Unit of the Administration of the Government of Georgia between late July and early November of 2014. UNFPA based itself on the knowledge of national experts regarding the economic, social, institutional and political situation in the country, through the International School of Economics at Tbilisi State University (ISET), which made three of its collaborators available for the current task:
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