ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
Davit Keshelava has not set their biography yet
Apr
05

A Georgian Woman’s Burden: How Pandemic Affected Distribution of Household Work Between Men and Women, And Why It Matters.

The COVID-19 pandemic has changed our lives and perceptions in many important ways: the value we put on face-to-face interactions, the importance of personal space, communication with loved ones, and much more. Some of these perceptions and social changes may actually outlive the pandemic. During the prolonged lockdown periods many people were suddenly confronted with the “hidden” side of their economic lives – the realities of unpaid care work. Unpaid care is something that people do daily to maintain their own and their family’s well-being: cooking, cl...
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Oct
19

Sorry, You're Fired Due to COVID! Has COVID-19 Widened Gender Gap?

When the Georgian unemployment statistics for Quarter 2 (April, May, June) of 2020 came out, no one was surprised to see that the national unemployment rate, which had been falling steadily over the previous quarters, and even years, suddenly increased by 0.9 percentage points relative to the same quarter of 2019 (more precisely from 11.4% in Q2 2019 to 12.3% in Q2 2020). Perhaps we were more surprised by the fact that the unemployment rate did not go up more drastically in the midst of a strict lockdown, various travel restrictions, and quarantine measu...
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Mar
17

It’s Not Who You Trade With – It’s Who You Produce With: Measuring Georgia’s Integration into Global and Regional Value Chains

  GLOBAL VALUE CHAINS AND THE CHANGING NATURE OF COMPARATIVE ADVANTAGE We live in the world where production of a single good typically involves manufacturing inputs from many different countries around the globe. For example, a typical iPhone production takes place in as many as 7 countries, including USA, Mongolia, Japan, Korea, Taiwan, China and even Switzerland. This is what is known to economists as global value chains (GVC). The emergence of GVC more than two decades ago transformed the way economists think about countries’ comparative advanta...
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Dec
27

Has Georgia Solved its “Missing Girls” Problem?

Son Preference refers to an attitude founded on the belief that girls are inadequate and of lesser value than boys (Indo-Canadian Women’s Association).   Gender Biased Sex Selection (GBSS) can occur (a) before a pregnancy, (b) prenatally or (c) following birth (by neglect). The most common way of GBSS involves two steps: (1) determination the sex of a fetus using ultrasound technologies and (2) choosing whether or not to undertake or continue a pregnancy ba...
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Apr
22

An Egg Today? Or a Hen Tomorrow? Credit Regulations in Georgia

“We do not need people who will get credit to buy a refrigerator and TV, and end up in the black list” – Giorgi Kobulia, former Ministrer of Economy and Sustainable Development of Georgia “Long-term financial stability gains are always worth the short-term costs” – Koba Gvenetadze, Governor of the National Bank of Georgia Around two years ago, ISET-PI published a blog article on the problem of over-indebtedness in Georgia. The article stressed the idea that due to notably increased access to finances, an aggressive marketing campaign provided by financia...
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Nov
27

Georgia’s 2018 Presidential Election by Numbers

On 28 November, the Georgian Central Election Commission (CEC) will hold the second round of the very last direct presidential election in Georgia before the constitutional pivot to indirect elections. This is the last stage of a political reform aiming at replacing the presidential political arrangement with the parliamentary system. The president’s powers in the new system will be extremely limited and largely symbolic.1 Nevertheless, political parties are considering the presidential elections of 2018 to be a rehearsal for the more influential parliam...
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