Assessment of economic benefits of the road, water and sewage infrastructure rehabilitation performed in several Georgian cities in the framework of the World Bank Regional and Municipal Infrastructure Development Project (RMIDP + AF).

Foreign direct investment (FDI) is critical to every developing county, and Georgia is no exception in this regard. Georgia wants to grow out of poverty and catch up with the economically more developed regions of the world – for this to happen, foreign resources are needed, in particular, if the domestic savings rate is as low as in Georgia.

In cooperation with the German Economic Team Georgia (GET Georgia) and the Ministry of Economy and Sustainable Development, ISET-PI is offering a course in Cost-Benefit Analysis (CBA) for Government Professionals. The course has been designed for economists in Georgian ministries who evaluate investment projects. Participants will learn how to design and conduct a CBA.

On February 25th, ISET hosted Riikka Savolainen, Ph.D. from the Aalto University, Finland. Dr. Savolainen holds a master’s degree from the Helsinki School of Economics. Her research interests include applied microeconometrics and political economy and, more specifically, intra-party heterogeneity and candidate strategies. Her general interests include history and political philosophy.

Starting from 2005, Georgia saw a rapid decline in tertiary gross enrollment. This project outlines the potential reasons behind decreasing enrollment rates and discusses the role of institutional changes, wages, returns to education, external and international migration, and employment patterns.