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Endogenous Trade Policy in the Presence of Lobbying and Heterogeneously Ignorant Voters
24 February 2015

On February 19th, ISET hosted Lasha Chochua from the University of Bielefeld. Mr. Chochua presented the preliminary version of his paper "Endogenous Trade Policy in the Presence of Lobbying and Heterogeneously Ignorant Voters" coauthored with George Papava from the University of Chicago.

EBRD presents its annual transition report at ISET
23 February 2015

On February 18, the European Bank for Reconstruction and Development’s (EBRD) lead economist for Central Asia and Georgia, Agris Preimanis, delivered two presentations at ISET titled: 1) “Oil-driven Russia downturn adds to weakness in EBRD economies” and 2) “Innovation in Transition”.

February 23, 2015 Kh-Index | Batumi tops the khachapuri index in january
23 February 2015

In January, the average cost of cooking one standard Imeretian khachapuri fell to 3.40GEL. The Index lost 7% month-on-month (compared to December 2014) and 5.4 % year-on-year (compared to January 2014).

Should Georgia Sell its Agricultural Lands to Foreigners?
23 February 2015

Until 2012, Georgia has been encouraging foreigners to purchase land, bring modern technology and management to the country’s ailing agricultural sector. On the one hand, Georgia’s extremely liberal approach was a boon for investment by global food industry giants such as Ferrero (4,000ha hazelnut plantation in Samegrelo) and Hipps (growing of organic apple and production of aroma and apple concentrate in Shida Kartli).

Education for the Poor
20 February 2015

Worldwide, cash transfer programs are used to fight poverty. Developing countries typically spend between 1% and 2% of GDP on cash transfers (“Cash Transfers: a Literature Review”, DFID Policy Division, 2011). International donors also invest substantially into such programs.

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