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Economic Growth in Georgia: Historical Perspectives and Prognosis

Author

Listed:
  • Alexander Milnikov

    (International Black Sea University)

  • Tatiana Papiashvili

    (International Black Sea University)

  • Irakli Rodonaia

    (International Black Sea University)

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.

Suggested Citation

  • Alexander Milnikov & Tatiana Papiashvili & Irakli Rodonaia, 2008. "Economic Growth in Georgia: Historical Perspectives and Prognosis," IBSU Scientific Journal, International Black Sea University, vol. 2(1), pages 33-44.
    • Handle: RePEc:ibl:journl:v:2:y:2008:i:1:p:33-44
    as

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    File URL: https://journal.ibsu.edu.ge/index.php/ibsusj/article/download/46/39
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    economic growth; GDP; transitional economy; Georgia; prognostic model; regression; non –linear trend;
    All these keywords.

    JEL classification:

    • N15 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Asia including Middle East

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