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Economic Growth in Georgia: Historical Perspectives and Prognosis

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Author Info

  • Alexander Milnikov

    ()
    (International Black Sea University)

  • Tatiana Papiashvili

    ()
    (International Black Sea University)

  • Irakli Rodonaia

    ()
    (International Black Sea University)

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    Abstract

    While output declined in virtually all transition economies in the initial years, the speed and extent of the recovery that followed has varied widely across these countries. The paper examines some aspects of transition experiences of 1990s and dynamics of GDP in Georgia during transition recession and following post-recession recovery. Economic growth is considered as complex and comprehensive phenomenon. The prognostic econometric model of Georgian GDP is developed.

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    File URL: http://journal.ibsu.edu.ge/index.php/ibsusj/article/download/46/39
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    Bibliographic Info

    Article provided by International Black Sea University in its journal IBSU Scientific Journal.

    Volume (Year): 2 (2008)
    Issue (Month): 1 ()
    Pages: 33-44

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    Handle: RePEc:ibl:journl:v:2:y:2008:i:1:p:33-44

    Contact details of provider:
    Postal: D. Agmashenebeli Kheivani 13th km, No 2, Tbilisi
    Web page: http://www.ibsu.edu.ge/Icerik.aspx?ID=381&Page1=150&Page2=WELCOME
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    Related research

    Keywords: economic growth; GDP; transitional economy; Georgia; prognostic model; regression; non –linear trend;

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    References

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    1. Sergio Godoy & Joseph Stiglitz, 2006. "Growth, Initial Conditions, Law and Speed of Privatization in Transition Countries: 11 Years Later," NBER Working Papers 11992, National Bureau of Economic Research, Inc.
    2. Baldwin, Richard & Seghezza, Elena, 1996. "Trade-induced Investment-led Growth," CEPR Discussion Papers 1420, C.E.P.R. Discussion Papers.
    3. Falcetti, Elisabetta & Lysenko, Tatiana & Sanfey, Peter, 2006. "Reforms and growth in transition: Re-examining the evidence," Journal of Comparative Economics, Elsevier, vol. 34(3), pages 421-445, September.
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