ISET was honored to host a third delegation representing the long-time partner, the Norwegian School of Economics in Bergen. A four-day program included anti-corruption seminars, public discussions, and site visits to relevant public institutions and businesses.
Like most other former socialist countries, Georgia enjoys a very high literacy level, as measured e.g. by the share of people completing secondary education. And yet, the single most problematic factor for doing business in Georgia, at least since 2013, is the “inadequately educated workforce”. Not crime. Not corruption. Not access to finance. Not faulty infrastructure. Inadequately educated workforce.
Thanks to a significant increase in the private sector expectations, BCI in the first quarter of 2018 has improved yet again (for the 2nd consecutive quarter), reaching 31.4 index points, which is a 3.2 index point gain over the previous quarter. Almost 60% of participating business executives expect their business will improve over the next three months.
“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.”
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).