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Is Some Degree of Corruption Good for Growth? – It Could Be.
15 February 2013

It is a commonly accepted view that corruption is bad for economic growth. It leads to an inefficient allocation of resources by contradicting the rules of fair competition and by setting wrong incentives.

Can Big Business Gain Access to Cheap Electricity?
31 January 2013

Can Georgia stimulate investment in electricity-intensive sectors by providing cheap electricity? To answer this question one has to first analyze the behavior of the wholesale electricity market during the past 3 years.

Detecting Tourism Bottlenecks
19 December 2012

Travel and Tourism Competitiveness Index of UN (T&T CI) ranked Georgia 73, in 2011. With this rank, Georgia topped the South Caucasus region nevertheless, maintaining the same rank as in 2009.

Touristic Destination or Trade Corridor?
17 December 2012

Georgia’s competitiveness is said to hinge on its strategic location between East and West. The latest data on border crossings (by people and trucks) allow us to shed light on progress to date and take a glimpse into the future.

Rule of Law and Property Rights, the Economics Perspective
14 December 2012

“Don’t rush to judgment on Georgia” was the title of a recent article by Michael Cecire in Foreign Policy (FP). Written in an apparent reaction to “Georgian Dream shows its dark side” (FP, November 29), and “Georgia’s government takes a wrong turn” (Washington Post, November 28), Cecire’s piece attempts to provide a more objective account of the situation.

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