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.
Several years ago the (now former) Georgian government started successful reforms in the electricity sector and was eagerly looking forward to future projects.
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?
A new study by the ISET Policy Institute has interesting insights into Georgia’s growth performance.
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.