Institutional Determinants of Economic Growth in Georgia and in Other Post-Communist EconomiesNazira KakuliaTsotne Zhghenti
Georgia’s prime minister, Giorgi Gakharia, has said that the country’s business environment, as well as how many jobs the business sector can create, is one of the main factors of sustainable economic growth, agenda.ge has reported. Speaking at a meeting with tourist industry representatives,...
This high-level meeting between Georgian and Chinese financial authorities underscores the growing importance of financial cooperation in the broader context of Georgia-China relations. It demonstrates Georgia's commitment to modernizing its financial infrastructure and aligning with global trends in fin...
The total factor productivity (TFP) was almost nil at the beginning of the nineteenth century, increasing gradually to the point where it exhausted output growth in the latter part of the twentieth century. This pattern is consistent with the postulate emerging from this framework, where the TFP...
by up to 50% over the next decade. This will stimulate economic growth, with the port potentially contributing an additional 2-3% to Georgia’s GDP annually. The port’s advanced logistics capabilities will attract global logistics companies, creating thousands of jobs and driving investment in ...
will stimulate economic growth, with the port potentially contributing an additional 2-3% to Georgia’s GDP annually. The port’s advanced logistics capabilities will attract global logistics companies, creating thousands of jobs and driving investment in related sectors like warehousing and manufacturing...
For low-income countries, microinsurance has a robust positive effect on economic growth, both in terms of impact and over time. However, microinsurance may fail to leave a lasting trace on the aggregate economy in “richer” developing countries. Keywords: microinsurance; economic growth; inclusive...
Specifically, for Armenia, a unidirectional Granger relationship was found between energy use, CO2 emissions, and GDP, confirming the economic conservation hypothesis; for Georgia and Azerbaijan, a bidirectional relationship was found between energy use and GDP, confirming the feedback and growth ...
In order to measure economic growth, you first need a measure of the size of the economy. GDP is the most commonly used measure of economic activity and serves as a good indicator to track the economic health of a country. Short for Gross Domestic Product, GDP is defined as the total ma...