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Russo-Turkish Drama: a Christmas Gift for the Georgian Economy?
12 December 2015

On November 24th, a Turkish Air Force fighter jet shot down a Russian SU-24 that briefly strayed into its airspace. One pilot was killed, and another member of the Russian military perished in the rescue attempt. Vladimir Putin called the event a “stab in the back” even though he had turned his back on Turkish warnings about incursions into its airspace. Turkish President, Recep Tayyip Erdogan, facetiously stated that Turkey would not apologize for the event and that Russia should be the one apologizing.

Lasha Lanchava visits Stockholm School of Economics
11 December 2015

On December 9-10 Lasha Lanchava from ISET Policy Institute traveled to Stockholm Institute of Transition Economics (SITE) at Stockholm School of Economics to present his recent experimental work done at ISET and to discuss the possibility of cooperation between SITE and ISET.

ISET Presentation at the UNDP Conference on Agricultural Extension
10 December 2015

The UNDP conference on agricultural extension, which took place on December 7-9th, featured a 45-minutes presentation of the Social Policy Research Center (SPRC) of ISET-PI. Professor Florian Biermann, head of the center, discussed some preliminary findings of the project “Farmer Knowledge Needs in Georgia”.

November 2015 GDP Forecast | Depositors’ inflation hedging puts downward pressure on growth forecast
09 December 2015

Geostat has released its preliminary estimates of GDP growth for the third quarter. The estimated Q3 growth is 2.5%, only 0.1 percentage points below the ISET-PI forecasted value. The forecast for GDP growth in the fourth quarter now stands at 3.6%.

If You Are So Smart, Why Are You Stuck in Kutaisi?
07 December 2015

Rachvelis, the natives of a beautiful highland region in western Georgia, have a reputation for being slow but thorough in speaking and behavior. Whether slow or not, Rachvelis are certainly not dumb. At least according to their performance in the national General Ability Test (GAT). In 2012, students from Racha-Lechkhumi and Kvemo Svaneti (R-L-KS) were 2nd (!) after Tbilisi on the average GAT performance (Chart 1).

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