According to data provided by the Food and Agriculture Organization of the United Nations (FAO), in the last five years, there were two hikes in global food prices.

This is the last issue of the Khachapuri Index column in 2012 (#44 this year and #74 overall since the project’s launch in June 2011). Therefore, we would like to wish our readers many causes for the magnificent Georgian supra in the new 2013, with a lot of khachapuri and wine.

Poverty and income inequality are two of the top concerns for the newly elected Georgian government. Indeed, despite impressive growth performance (annual growth rates have averaged more than 6% since 2005), Georgia remains a poor country.

Computable General Equilibrium (CGE) model is an analytical tool commonly used by countries and international financial institutions to simulate policy interventions. CGE applications are not limited to any particular policy area. Their usefulness is highest when the simulated policy intervention is expected to generate significant feedback effects or spillovers into sectors that may not be directly affected.

In his blog post “The puzzle of agricultural productivity in Georgia and Armenia”, Adam Pellillo raises the following question.