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This blog post is a sequel to “Price of a Woman: Economic Rationale behind Marriage Payments in Georgia”. I recently found very interesting data about bride prices in the Georgian highlands and the North Caucasus, which I am now going to share with you.
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Georgia’s competitiveness is said to hinge on its strategic location between East and West. The latest data on border crossings (by people and trucks) allow us to shed light on progress to date and take a glimpse into the future.
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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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After the break-up of the Soviet Union, Georgia went through a process of civil war and economic collapse. Official estimates suggest that Georgia’s GDP shrunk by more than 70% between 1990 and1994.
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A recent paper by Dani Rodrik has an interesting observation about Georgia. The paper itself estimates the productivity growth rates of manufacturing firms, based on a UNIDO dataset covering 72 countries.