Poverty and income inequality are two of the top concerns for the newly elected Georgian government. Indeed, despite impressive growth performance (annual growth rates have averaged more than 6% since 2005), Georgia remains a poor country.
On November 8, 2012, Professor Einar Hope, from the Norwegian School of Economics (NHH), delivered a public seminar for ISETers, representatives of the Georgian energy sector, and international organizations working in the field.
ISET is pleased to announce that from October 30 through November 12, 2012, it will host a number of seminars on topics related to energy markets. Professor Einar Hope, a visiting faculty member at ISET, will deliver this seminar series, which was organized by students and professors of ISET’s Concentration in Energy and Natural Resources Management. The seminars will be open to students, graduates, and ISET faculty.
Supported by the German development organization, GIZ (Deutsche Gesellschaft fur Internationale Zusammenarbeit), ISET-PI conducted a training program for participants from Georgian government organizations, the national bank, and think tanks.
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.