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Solving the puzzle of economic development without rural-urban migration in Georgia
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.

Behavioral Economics of New Year’s Resolutions
18 December 2017

It is that time of a year when we take time to reflect upon our flaws and weaknesses to find areas where we can make positive changes for the New Year. In our imagination, there is an old self who we will leave behind on the New Year’s Eve, and we will welcome our new 2018 self, healthier, wiser, and most importantly, happier. All it takes is to come up with that magical set of resolutions that will help us achieve all that, though many of us probably will not need to come up with original New Year’s resolutions.

Your Guest Is My Guest, or Why Tourism Is Not a Zero-Sum Game
04 December 2017

The South Caucasus is divided by high mountain ranges, often impassable political borders, and ethnic conflict zones. In addition to three independent states, the region also includes three unrecognized territories. Nakhichevan is separated from Azerbaijan’s mainland by Armenia’s Syunik region. Armenia’s border with Turkey and Azerbaijan, on the other hand, is sealed for political reasons.

Coordination Is Almost Always The Key
22 November 2017

On November 22, the President of ISET and ISET-PI, Mr. Eric Livny gave an insightful presentation to the very first cohort of ISET BA Program students, regarding the importance and perks of coordination.

The real thing: nominal price rigidity of the nickel Coke, 1886-1959
09 November 2017

On November 9, Daniel Levy, a professor of economics at Bar Ilan University, Emory University and a member of ISET’s International Faculty Committee, presented his paper ‘The real thing’: nominal price rigidity of the nickel Coke, 1886-1959“ (co-authored by his colleague Andrew Young) to ISET professors, students, and researchers.

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