15
February
2013
It is a commonly accepted view that corruption is bad for economic growth. It leads to an inefficient allocation of resources by contradicting the rules of fair competition and by setting wrong incentives.
11
January
2013
How can a society become more prosperous? This question has been on the minds of economists and policymakers for centuries.
16
November
2012
In recent weeks there has been a lot of talk about alleged monopolies and cartels in Georgia, and Georgia’s future competition policy. With few exceptions, this debate has been pathetic.
18
October
2012
The literature, typically using panel data covering many countries, shows that higher government turnover rates reduce growth significantly in both economic and statistical terms, even for established democracies.
17
October
2012
Several years ago the (now former) Georgian government started successful reforms in the electricity sector and was eagerly looking forward to future projects.
