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June 2016 GDP Forecast | Early seasonal tourist inflow increases incomes and (dollar!) savings
20 June 2016

Based on this month’s data, we expect annual growth in 2016 to be 2.7% in the worst-case or “no growth” scenario, and 4.1% in the best-case or “average long-term growth” scenario. Our “middle-of-the-road” scenario (based on the average growth in the last four quarters) predicts a 3.4% real GDP increase in 2016.

The Economics of Boasting
13 June 2016

As argued by Omer Moav and Zvika Neeman in a 2012 paper (Moav taught at ISET in the past), boasting is a way to pretend that one has hidden income (“Saving Rates and Poverty: The Role of Conspicuous Consumption and Human Capital”, Economic Journal 122, pp. 933-956). While people may have a rough idea of the incomes of their neighbors, colleagues, friends, and other people they interact with, they usually do not know exactly how much they make.

Universal Basic Income – a Utopian Dream that May Soon Become a Reality
29 May 2016

Early next month, the eyes of the world will briefly turn to Switzerland. On June 5th, the citizens of this prosperous country will vote in an unprecedented referendum on the idea of guaranteeing each citizen a basic income equivalent to roughly 30,000 USD per year.

Georgia's Input Subsidy Program
02 May 2016

Agricultural input subsidy programs are meant to increase crop production, contributing in this way to improved food security and rise of incomes of stallholder farmers. An important goal of such programs is to develop efficient input supply systems, improving farmers’ access to inputs and adoption of new technologies (e.g., use of new seed varieties, fertilizers, and pesticides).

ISET and the Asian Development Bank Co-organize a Seminar on Inequality and Inclusive Economic Growth
30 March 2016

On Tuesday, March 29 ISET and the Asian Development Bank co-organized a seminar on Inclusive Economic Growth in Georgia. The event was part of a joint project of ISET and ADB, Good Jobs for Inclusive Growth, aimed at creating conditions to enable inclusive economic growth in developing countries. In addition to focusing on inequality in income and opportunities, the seminar examined the issue of social protection and the development of institutions.

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