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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.
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Several years ago the (now former) Georgian government started successful reforms in the electricity sector and was eagerly looking forward to future projects.
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Car export was 20.5% of the total exports in 2011 and it had the highest share in total exports, among all export goods. What a striking fact! So, what does this mean for Georgia and how can we become regionally more competitive in the car trade?
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A new study by the ISET Policy Institute has interesting insights into Georgia’s growth performance.
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The large economies have each, in sequence, offered "models" that once seemed attractive to others but that eventually gave way to disillusionment. Small countries may have some answers.