ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
Givi Melkadze has not set their biography yet
Nov
23

Math Education – an Engine of Economic Growth in the 21st Century

  MATH EDUCATION AND GROWTH: RECENT EVIDENCE Mathematical literacy has always been a key factor in improving a country’s productivity and competitiveness. Stanford University’s Eric Hanushek has shown that there is a positive relationship between students’ performance in mathematics tests and economic growth. This is not at all surprising. Proficiency in math implies a high-level of cognitive skills among the labour force, in other words a high quality of human capital, which leads to technological innovation and productivity gains. Another more re...
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Sep
26

Labor Migration and Remittances to Georgia

As any other labor-exporting country, Georgia faces both the costs and benefits of migration. The main costs include human capital flight – the so-called “brain drain” – and the distortion of the age and gender structure of the population. The benefits include alleviating social pressures caused by high unemployment rates, the international experience and skills returning migrants bring back to their home countries, and, very importantly, the remittances, or money transfers, that emigrants make to their families. For many households in Georgia these mone...
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