ISET

On October 2 2018, Georgian Water and Power (GWP) opened a new hydropower dam in Bodorna (Dusheti region). The construction of the new dam started in December 2017, with the support of the Entrepreneurial Development Bank (FMO) and the German Investment and Development Bank (DEG), for a total investment of 10 million GEL.

The installed capacity of the dam is 2.5 Megawatts, while the average yearly generation is expected to be 15 mln KWh. The dam will supply electricity to the water supply stations which belong to GWP.

GWP representatives have explained that the new dam is a “Green Dam”, meaning that damage to the environment has been reduced to the lowest possible level while maintain a high level of output.

ISET would like to congratulate resident faculty member Norberto Pignatti on the publication of a new article (together with Hartmut Lehmann of the University of Bologna) entitled “Informal Employment Relationships and the Labor Market: is there Segmentation in Ukraine?”, in the Journal of Comparative Economics. Working Paper versions of the article are available here and here.

The authors investigated whether the Ukrainian labor market is segmented along a formal-informal divide, slicing the data by gender and age. Using information from the Ukrainian Longitudinal Monitoring Survey, covering the period of 2003-2007, they tested alternative hypotheses about the functioning of the Ukrainian labor market and the role of informal employment. They concluded that for a large number of informal employees, informal employment is used as a waiting stage to enter formal salaried employment and is not voluntarily chosen, potentially implying a loss of well-being associated with labor market segmentation. This is not true, however, as far as self-employment is concerned.

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