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ISET Economist Blog

A blog about economics in the South Caucasus.
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Author
  • Guenther Baechler
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  • Shota Katamadze
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  • Lasha Arevadze
  • Saba Devdariani
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  • Jan Klingelhofer
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  • Tamari Giorgadze
  • Aram Grigoryan
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  • Maya Grigolia
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  • Lasha Lanchava
  • Nino Zambakhidze
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  • 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
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  • Rati Porchkhidze
  • Mariam Galdava
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  • Levan Tevdoradze
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  • 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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Regional Impacts of COVID-19 Shock to HORECA Sector
On November 21, Prof. Dr. Stephan von Cramon-Taubadel gave a presentation of a working paper entitled “Trade Costs for Heterogeneous Agricultural Products” at ISET. The professor himself and Mr. Yi Qu are the co-others of the paper, which aims to evaluate trade costs for 125 different agricultural products based on 1992-2011 data from 156 different countries. Geographic characteristics (island or mainland, number of neighboring countries, etc.), transportation (the distance products cover domestically or internationally), tariffs (on exports and imports), institutions and the history of the country, as well as demographic characteristics (the religion of the majority of the population in a particular trading partner, common language, etc.) serve a role of explanatory variables in the analyses.
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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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The Role of Circular Labor Migration in Reducing Unemployment: How Ambitious Should it Be?
The purpose of this report is to take stock of the existing regionally disaggregated data and to identify disparities between the regions of Georgia. Few similar studies exist, with the major exceptions being the Diagnostic Report by the Task Force for Regional Development in Georgia (2009) and the Georgia Urbanization Review by the World Bank (2013). This report thus fills a gap, attempting to inform both future research and the formulation of regional policy. The analysis in this report is mainly building on Geostat statistics, in particular the Integrated Household Survey, the Millennium Challenge Corporation Survey, and the Village Infrastructure Census. While in principle this allows for a detailed analysis of regional disparities, this is limited by issues with the data. Two issues are of importance. First, with the last census dating back to 2002, the reliability and quality of the current survey data is potentially compromised. Second, large and systematic data gaps exist for infrastructure, environmental issues, and cultural and recreational resources. It should also be noted that most surveys for any observation only indicate the region, but not the municipality. Thus any analysis is restricted to be along existing regional boundaries.
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