ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
Giorgi Papava has not set their biography yet
Oct
26

Right or Left: What Are Political Parties’ Economic Visions?

Last week Georgians took part in largely proportional parliamentary elections. Dozens of parties were registered as election contestants. To what extent do their visions coincide with yours in different important areas of public policy? You can get a detailed answer to these questions on the digital platform "Election Compass Georgia". According to a recent public opinion poll conducted by the International Republican Institute (IRI), for 72 percent of the population, one of the two most important components of a political party's election program is the...
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Mar
27

Regional Impacts of COVID-19 Shock to HORECA Sector

The outbreak of the virus and the corresponding containment measures have started to severely affect the global economy. The Organization for Economic Co-operation and Development (OECD), in its Interim Economic Outlook Report (2020) on March 2nd downgraded 2020 real GDP growth projections for almost every country. The largest reduction in growth projections is seen for China (-0.8 percentage points) with worldwide real GDP growth rate expected to decline from 2.9% (November 2019 forecast) to 2.4%. In their report on March 6th, Asian Development Bank (AD...
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May
27

Sabina and Rahul, Welcome to Georgia!

The number of foreign students has been steadily increasing around the world. More and more students chose to earn a degree outside of their home countries. Education internalization plays a key role in the development of today’s educational systems, and the impact of international students goes beyond their short-term financial effect on the economy; it plays a vital role for social cohesion and development of international networks, etc. The literature distinguishes between two types of economic impacts related to international students: short-term ben...
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Dec
07

Since When Do Georgians Trust Banks More Than Friends?

There are different ways to measure the success of nations. Various surveys are conducted and different indices are compiled to measure the well-being of countries across the world. Nowadays, there is an increasing interest to measure a country’s success not just in economic terms but far more broadly. Fortunately, Georgia is getting better and better integrated in these types of comparative studies, giving us an idea of where we stand. Table 1: Georgia’s recent rankings in a sample of surveys:   Legatum Prosperity Index 2012 is the one I will revie...
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