ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
May
24

The “Livability Puzzle” of the Georgian Countryside

  In a recent ISET blog post, Luc Leruth explores the notion of a spatial fracture in Georgia. He wonders whether people will become accustomed to working remotely, with the COVID crisis having given them this fresh opportunity. If so, this could help decrease the strain on Tbilisi infrastructure by slowing down migration to the capital. Will COVID, unexpectedly, convince people to continue working remotely and settle outside Tbilisi in the countryside? Or are regional disparities such that this is unrealistic? To look more closely into the matter, ...
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Apr
12

Inflation of Trust

World economies hampered by the pandemic; countries facing public healthcare crises, with millions killed by COVID-19; thousands of cities under lockdown; social distancing and transformed social practices; countless institutions functioning online; the youth spending endless days and nights in front of computer screens; and, globally, over a year of online education. This is the reality in many countries around the world, including Georgia, in the spring of 2021. Arising like a spring syndrome, there also are signs of an inflation of trust throughout th...
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Mar
22

COVID and the City – A Spatial Fracture in Georgia?

THE CONTEXT The COVID pandemic raises a vast number of questions for economists, though researchers have mostly focused on advanced economies and on the economic ‘scarring’ that the virus has inflicted. Not all, however, as a few economists have been interested in the likely evolution of cities after the pandemic. They observe that some cities, in particular travel hubs, have been epidemic hotspots, while many others, usually smaller, have been reasonably spared. More rural areas have also been less affected, although with strong variation across regions...
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Jan
11

May Certain Trends Brought By COVID-19 Be Worth Keeping Post-Pandemic?

The pandemic has taken an enormous toll on human lives and health globally. It has severely impacted the socio-economic state of millions of households, bringing immeasurable human tragedy, paralysis of social connectivity, economic crisis and, to a certain extent, culture shock. This shock is, in part, the result of the many new practices introduced as a means of dealing with this situation, utterly altering our day-to-day lives. Since we hope to see an improved state of affairs by the end of 2021 after months of cohabitation with the pandemic, it is no...
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Dec
21

Improving the Mix and Match in the Labor Market: Can Education Management Information Systems help?

Education in Georgia is essentially the responsibility of the public sector (the vast majority of total enrolment in the case of General education) and has received a lot of attention in recent years with public outlays to the sector tripling between 2010 and 2019 to reach 3.6 percent of GDP. This remains low by OECD standards, however: OECD countries spend on average a little under 5% of their GDP on education.1 This may partly explain why PISA scores have remained low in Georgia. Out of 78 countries, Georgia ranks 67th, 71st and 74th in the three PISA ...
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