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Policy Briefs

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  • Professor Stephan von Cramon-Taubadel
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Green Growth: How Georgia Could Benefit
29 December 2014

Green policies might stimulate growth in Georgia through various effects, depending on the sector they target. For example, monetizing emission reductions has a high potential for success and could be marketed to other countries as a sustainable solution to automotive emission.

Georgia's agricultural exports
28 November 2014

Agriculture makes an important contribution to economic development in Georgia. Value added in agriculture accounted for 9.3% of Georgian GDP in 2013 and 53.4% of employment (World Bank, 2014a). Agriculture also provides an essential basis for the food, beverages and tobacco processing industries, which together accounted for just over one-third of value added in manufacturing in Georgia in 2010.

Meeting Qualification Mismatch with Vocational Training
31 October 2014

While in an ideal world the qualification preferences of job seekers and employers would coincide, in reality this is often not the case. Besides informational asymmetries (job seekers not knowing which qualifications are demanded by employers) the reason is that employers may be in need of qualifications that are not considered attractive by the job seekers.

The Crisis in Ukraine and the Georgian Economy
31 March 2014

When Ukrainian President Victor Yanukovich decided not to sign the association agreement with the European Union and instead opted for a Russian package of long-term economic support, many Ukrainians perceived this not to be a purely economic decision. Rather, they feared this to be a renunciation of Western cultural and political values, and – to put it mildly – were not happy about this development.

Introducing Wind Generation as a Way to Reduce the Seasonal Volatility in Electricity Generation in Georgia
30 December 2013

Due to the geomorphological characteristics of its territory and to its geographical location, the Re- public of Georgia is rich in hydro resources. According to the Georgian Ministry of Energy and Natural Resources, so far Georgia has exploited only about 20% of its hydro resource potential.

What You Should and What You Should Not Expect from a Central Bank
29 September 2008

Central banks are often surrounded by an aura of mystique and the common man on the street seems to have very little understanding not only of what, why, and how exactly a central bank does, but most importantly of how much a central bank actually can do. It is commonly believed that the job of a central bank is to print money, which sounds rather trivial.

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