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ISET Economist Blog

A blog about economics in the South Caucasus.
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Author
  • Guenther Baechler
  • Veriko Shengelia
  • Giorgi Bakradze
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  • Irakli Jgharkava
  • Shota Katamadze
  • Mariam Gogotchuri
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  • Lasha Khutsishvili
  • Mery Julakidze
  • Givi Melkadze
  • Giorgi Machavariani
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  • Nino Abashidze
  • Aleqsandre Bluashvili
  • Rezo Geradze
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  • Aram Derdzyan
  • Astghik Mkhitaryan
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  • George Basheli
  • Ia Vardishvili
  • Robizon Khubulashvili
  • Tom Coupe
  • Adam Pellillo
  • Lasha Arevadze
  • Saba Devdariani
  • Nino Mosiashvili
  • Nikoloz Pkhakadze
  • Jan Klingelhofer
  • Martin Smith
  • Medea Davlasheridze
  • Tamari Giorgadze
  • Aram Grigoryan
  • Charles Johnson
  • 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
  • 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
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Transport Air Pollution in Georgia – Current Trends and Potential Ways Forward
Over the last half-century, air pollution has become an increasingly critical problem globally. The
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The Implications of COVID-19 on the Georgian Power Market
The average cost of cooking one standard Imeretian Khachapuri varied across Georgian cities in November 2016, from 3.34 GEL, the minimum, observed in Batumi, to 3.55 GEL, the maximum, observed in Telavi. The average price was 3.46 GEL, which is 1.9% higher month-on-month (compared to October 2016). The Khachapuri Index is down up by 5.6% year-on-year (compared to November 2015), suggesting annual deflation as measured by the index.
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The Generation-Consumption Gap Keeps Increasing. What Could or Should Be Done About It?
Teimuraz Gogsadze, a graduate of ISET's Class of 2011, joined the International Taxation Division of the Tax Policy Department at the Ministry of Finance of Georgia in May 2011. He worked on such interesting projects as the double taxation avoidance agreement and agreements on mutual administrative assistance in customs matters, gaining invaluable experience at the Ministry of Finance. Having spent almost a year at the Ministry and inspired by the experience regarding taxation matters, Teimuraz decided to continue his studies with a PhD program. In April 2012, he joined the PhD program in Economics at the University of Leicester, where his supervisors were Professors Sanjit Dhami and Ali al-Nowaihi.
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Georgian Energy Security: Reflecting on the September Power Market Data
ISET recently had the honor to host the first cohort of students for the Executive Leadership Program, which was launched in cooperation with TBC Bank, and is designed for entrepreneurs and business executives who strive to take their careers to the next level. A total of 25 professionals from both the state and private sectors gathered at ISET to greet their instructors and present themselves - as well as their professional experience - to their fellow classmates. The instructors then introduced the course, its objectives and projected results and briefly covered their own subjects of expertise.
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The Warning Bells are Ringing: A Difficult Summer Season for the Georgian Electricity Market
Once the wealthiest Soviet republic, Georgia has since fallen far behind other post-Soviet states (except for, perhaps, Tajikistan, Kyrgyzstan and Moldova) in almost any parameter of wellbeing. Adjusted for purchasing power parity, Georgia’s annual income per capita in 2012 was close to $5,900 (a little higher than in resources-poor Armenia). Moreover, the “median” Georgian, as opposed to the “average” Georgian, is much poorer than is suggested by the per capita income estimate. Like any average measure, the income per capita figure masks significant inequality in the distribution of income, and Georgia is much less equal as compared to all of its other post-Soviet peers (with the possible exception of Russia). Following the collapse of the Soviet Union, the Georgian nation went through a process of rapid disinvestment and de-industrialization. It was forced to shut down industrial plants, sending scrap metal abroad and pushing workers into subsistence farming or early retirement. Thanks to the country’s moderate climate and good soil conditions, hunger never became an issue, yet inequality and associated political pressures rapidly reached catastrophic dimensions, unleashing cycles of violence, undermining the political order and inhibiting prospects of economic growth.
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An Assessment of the Electricity Market in Light of the “Gavrilov Effect”
On November 8-9, the ENPARD team at ISET-PI participated in the 'Interagency Conference about Three Years of Implementation of ENPARD - Cooperative Development Component'. The conference was organized by one of the ENPARD implementer consortium led by People in Need, a non-governmental organization, at Akaki Tsereteli State University in Kutaisi. Among the participants were representatives from the EU delegation, ENPARD implementer organizations, Agricultural Cooperative Development Agency, and cooperative members. The lessons learned of the past three years were presented by the participants, with discussions to shape future plans and recommendations for the better development of cooperatives following afterwards.
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