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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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  • Eka Nozadze
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  • Olga Azhgibetseva
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  • Eric Livny
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  • Irakli Barbakadze
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  • Selam Petersson
  • Sophiko Skhirtladze
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  • Levan Pavlenishvili
  • Gocha Kardava
  • Rati Porchkhidze
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  • Muhammad Asali
  • Karine Torosyan
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  • Mariam Katsadze
  • Ana Burduli
  • Davit Keshelava
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  • 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
  • Yaroslava Babych
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Chess Is to Play and Math Is for Life
At times math teachers use a legend, “mathematics in the game of chess”, as an introduction to Exponential Functions. The original myth tells of a mathematician in India who invented the game of chess and was subsequently bestowed a vast reward for its creation. The king of India was so impressed by the game that he offered the mathematician to “name your reward!” The inventor responded, “My wish is simple.
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IT Flu in the Armenian Labor Market
We are living in an era of advanced technology, and with such rapid development, the changing landscape of the online world has dramatically changed our daily lives. There is no doubt that over the years technology has created amazingly useful resources, which has placed all the information we could need at our fingertips. Software is devouring the world, and you can imagine that this is great news for IT professionals. It’s not just Facebook and Google that need IT professionals.
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Money Can’t Buy Happiness. Or Can It? A Case Study from Yerevan
I have been living away from Yerevan for four years. Over these years, every time I visited my city, I noticed more and more new (and fancy) cafes. Over time, I also noticed that café visits seemed to grow in numbers and I started wondering whether it was just my impression or the reality. I have been particularly puzzled by the paradoxical nature of the fact that people always complain about their wages and living standards, yet they do not mind spending money in cafés.
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Georgian and Armenian “Deplorables” and "Desperados" Taking It to the Streets
Georgian and Armenian ruling parties have been until recently basking in the glory of high GDP growth rates. Armenia’s stellar growth performance of 7.5% in 2017 and Georgia’s respectable 5% are, indeed, worthy of praise. However, do these figures really matter for the objective well-being of the majority of Georgians and Armenians? Second, how does economic growth, as measured by GDP, affect people’s subjective perception of happiness?
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Who Gets to Eat from the Growing Pie?
2017 is shaping up as one of the best years in Georgia’s post-2008 crisis history. The economy is expected to expand by about 5%, beating early expectations and official forecasts by the likes of the IMF and the World Bank. Based on updated GeoStat figures for Q1 and Q2, ISET-PI’s annual growth forecast currently stands at 4.9%.
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Quick and Dirty Decisions Are Not Always Smart!
When my mom was at my age (twenty-four), she already had a ring on her finger, a family, two kids, and a very clear idea about her life. I am not yet married, but I have already made at least one very important decision in my life – to become an economist. I made this fateful decision at 22, having tried myself in a banking job (that I hated). Many of my friends, however, are stuck with the educational and professional choices they have made very early in the lives, before knowing who they are and what they could possibly achieve.
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