12
January
2018
“I very much liked the business case-based teaching method. Business cases will be very useful for vocational college students, as real-life examples are much better in inspiring them to start their own business.” As business cases are based on real-life examples from Georgia, using them in entrepreneurship classes will make them much more amusing for students to attend.”
01
January
2018
Evaluating the impact of the state support programs on the firm-level outcomes in Georgia. The objective of this study is to evaluate the impact of the state support program of SMEs on the firm-level outcomes in Georgia. The Georgian government’s SME financing procedure offers just such a unique opportunity for a quasi-natural experiment, which allows the credible use of local/nonparametric regression discontinuity methodology (RDD).
01
January
2018
This research aims to explain how Georgia’s economic development in the past 12-15 years took place despite the absence of rural-urban migration, defying the predictions of the Lewis Model - one of the most influential theories in development economics.
31
December
2017
Georgian Consumer Confidence (CCI) continued to improve, albeit slightly, in December 2017. CCI added 0.5 index points over November 2017, and 8.7 index points y/y, which is compared to December 2016. Interestingly, people’s perceptions of the recent past and expectations diverged in December. CCI’s Present Situation sub-index went down by 2.3 points m/m, from -23.2 to -25.5), whereas the Expectations sub-index went up by 3.4 index points (from -13.4 to -10).
29
December
2017
In December 2017, Georgian power plants generated 1,080 mln. KWh of electricity. This corresponds to a 9% decrease in total generation, compared to the previous year (in 2016, total generation in December was 1,186 mln. kWh). The source of a decline in generation on a yearly basis is less thermal power generation.
