Policy Briefs
A novel hybrid forecasting model for Georgian GDP
Wednesday,
10
April,
2024
Wednesday,
10
April,
2024
Following the collapse of the Soviet Union, Georgia faced significant economic challenges, including political instability and conflicts. This resulted in a severe economic recession in the 1990s, with GDP contracting sharply. In the early 2000s, Georgia began implementing economic reforms aimed at liberalizing the economy, improving governance, and attracting foreign investment. These reforms laid the foundation for future growth. During this period, Georgia experienced robust economic growth, with GDP expanding at relatively high rates (averaging 9.7% annual growth between 2003 and 2007), driven by reforms, foreign investment, and improvements in infrastructure and governance.
However, the global financial crisis of 2008-2009 significantly affected Georgia's economy, leading to a slowdown in growth (average growth dropped to -0.6%). However, the country quickly recovered, and GDP growth resumed, though at a more moderate pace (4.8% average yearly growth) compared to the mid-2000s. Throughout the 2010s, Georgia continued to implement reforms to enhance its business environment, attract foreign investment, and diversify its economy beyond traditional sectors like agriculture.
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Georgia Media (de)Polarization Index
18
March
2024
While there is a consensus on high polarization in Georgia as confirmed by the public perception of increasing polarization on one hand and the call of the country's development partners towards depolarization, there has not been any tool available to measure and monitor the polarization dynamics. On this basis, the ISET Policy Institute developed a media polarization index to explore and measure the dynamics of media polarization in Georgia.
Would a higher minimum wage meaningfully affect poverty levels among women? – A simulation case from Georgia
10
April
2023
In economic literature, the effect of minimum wage on the labour market and its relevance as an anti-poverty, equality-enhancing policy tool, is a matter of vigorous debate. The focus of this policy brief is a hypothetical effect on poverty rates, particularly among women, following an increase in the minimum wage in Georgia.
Economic impact of Russian migration into Georgia since 2022
29
March
2023
According to the data, Georgia holds 5th place in the world in terms of entries from Russia in January-September 2022 (with 662,852 exits of Russian citizens from Russia to Georgia-controlled territories recorded in the first 9 months, or 4% of the total recorded exits from Russia).
Georgian economy and one year of Russia’s war in Ukraine: trends and risks
28
February
2023
Russia’s invasion of Ukraine profoundly impacted the global economy, immediately sending shockwaves across the globe. The attack of a country that was once a major energy supplier to Europe on the country which was one of the top food exporters in the world, sent food and fuel prices spiraling, causing major energy shortages and the prospect of protracted recession in the United States and the European Union.
