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Economic Reasons for the Breakup of Georgia
09 May 2014

In the 15th century, the Kingdom of Georgia started a painful process of disintegration from which it did not recover until the modern era, and ultimately, Georgia’s breakup at the end of the medieval age accounts for the regrettable fact that the country could not maintain its status as an independent nation (Florian Biermann and I discussed the cataclysmic Treaty of Georgievsk in our article about King Erekle II).

Agriculture and Rural Development in Georgia: A Research Agenda
11 April 2014

After many years on the back burner of the policy discussion in Georgia, issues related to agriculture and rural development now seem to be at the forefront of debate. And for good reason, as these issues are incredibly complex and have important implications, not only for those residing in rural areas but also for those purchasing agricultural products in towns and cities.

Do Economies Need Economists?
07 April 2014

According to a rumor circulating among economists, there exists an econometric study that shows that the economy of a nation is doing worse the more great economists it produces. While this may be a myth, casual observation suggests that the correlation between the economic performance of a country and the quality of its economics profession is indeed unclear.

Pilot Regulatory Impact Assessment of the Spatial Planning and Construction Code
04 April 2014

The objective of the project was to produce a pilot RIA on the draft Code on Spatial Planning and Construction in order for the regulators to make an informed decision.The project included a training phase to build the capacity of ISET Policy Institute (and two other Georgian organizations) to perform Regulatory Impact Assessment (RIA). The ISET-PI team performed a pilot RIA on the draft Spatial Planning and Construction code.

Applied Cost-benefit Analysis & Cost-Effectiveness Analysis
02 April 2014

On March 31, 2014, ISET hosted Dr. Joseph Tham of Duke University, who is currently collaborating with USAID Georgia. He provided a summary of the basic principles of project appraisal and discussed the applications of Cost-Benefit Analysis in the USAID/India Fiscal Management Reform Project.

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