ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
Jun
12

Playing Against the Odds: What’s at Stake for Georgia as It Bets on the Tourism Revival Strategy?

Georgia reacted to the COVID-19 pandemic by immediately introducing aggressive measures. Closing international borders, declaring a state of emergency, shutting down public transportation, banning local travel and public gatherings, closing restaurants and shopping malls, and introducing a nighttime curfew—these are all instruments that were used by the country’s government and health authorities to stop the spread of the virus. As a result, the health system was not overwhelmed with COVID-19 patients. As of June 12th Georgia has had 837 confirmed corona...
Rate this blog entry:
Recent Comments
Guest — PeterJ
Interesting article, but just as a side note, can you please indicate the source for this: Furthermore, tourists visiting Georgia ... Read More
Friday, 12 June 2020 1:01 PM
Giorgi Mzhavanadze
Dear Peter, thanks for your comment. I agree with you that (as I know) there is no official document which indicates that entry re... Read More
Monday, 15 June 2020 7:07 AM
Continue reading
486
2 Comments
Write a Comment
Jun
10

Could the Government Act as Coordinator?

In Avchala, in the middle of nowhere, you might be surprised to find the busy “Craftsmen’s City” or “Khelosnebis Kalaki” as it is called in Georgian. It is built on a 4-ha plot where there used to be a large carpet manufacturing plant in Soviet times, which vanished with the Soviet Union and turned into a concrete carcass surrounded by a swamp. Luckily, ten years ago, a man called Irakli bought this territory with the intention of renting it out1 — though it was not an easy task! At a minimum, Irakli had to provide basic conditions for people to mov...
Rate this blog entry:
Recent comment in this post
Guest — Matt
I enjoyed reading this piece: the narrative was compelling, the idea explained well and it was short enough to enjoy. Creating clu... Read More
Friday, 12 June 2020 8:08 AM
Continue reading
257
1 Comment
Write a Comment
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...
Rate this blog entry:
Continue reading
888
0 Comments
Write a Comment
Feb
10

Tusheti Community Network Drives Development into the High Mountainous Regions of Georgia

  Back in 2005, as there was no mobile coverage, my uncle drove dozens of kilometers to the Jvarboseli village in Tusheti to inform me that I had enrolled in university. Now, in 2020, there is still no mobile signal in most Tusheti villages, including Jvarboseli, however people can use broadband internet to reach out the world! Previously known only for its sheep farming and tasty Guda cheese, today Tusheti is also a famous touristic destination; while being home to one of the largest protected areas in Europe, covering three types of IUCN protected...
Rate this blog entry:
Continue reading
461
0 Comments
Write a Comment
Dec
18

The Role of Circular Labor Migration in Reducing Unemployment: How Ambitious Should it Be?

The topic of circular labor migration has recently received increased attention within the objective of reducing unemployment in Georgia. Circular migration Schemes (CMS) are widely recognized policy tools for reducing illegal migration and facilitating the return of emigrants to their countries of origin. The Georgian government’s increased interest and efforts to develop circular migration deals with EU member states serve, on the one hand, the long-term objective of addressing high level of unemployment, and, on the other hand, to reduce illegal, and ...
Rate this blog entry:
Continue reading
834
0 Comments
Write a Comment
Dec
06

The Georgian Tax Lottery Experiment after Seven Years

More than three decades ago economists famously concluded that tax compliance is rather irrational behavior. Literature, across a wide range of disciplines, has since been overflowing with analysis as to why we see so much tax compliance in the modern world. The academic literature is concerned with why people pay so much tax or why so many people pay taxes, therefore policy-makers can gain an understanding of the underlying mechanisms, which thus allows them to design appropriate policy actions to boost revenue efforts. Income generated from tax collect...
Rate this blog entry:
Continue reading
426
0 Comments
Write a Comment

Our Partners