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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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Several years ago the (now former) Georgian government started successful reforms in the electricity sector and was eagerly looking forward to future projects.
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The private provision of childcare in Georgia’s cities has been on the rise during the last few years as is especially evident in the capital.
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The term “economics imperialism” has been coined in recent decades to describe a tendency of economists to meddle with such seemingly non-economic aspects of life as crime, the family, irrational behavior, politics, culture, religion, and war. Mine is an attempt to invade the world of music.
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While more than half of all jobs in Georgia are in the agricultural sector, agriculture’s share of value-added to GDP was only 11 percent in 2007 (World Bank).