ISET-PI Study Estimates Significant Real GDP, Trade Gains Related to Investment in East-West Highway
- Details
The ISET Policy Institute has recently completed a WB-commissioned study to assess the economy-wide benefits of investment in the East West Highway (EWH). We developed a computable general equilibrium (CGE) model simulating the indirect benefits associated with the completion of the upgraded road corridor and related savings in transportation costs (such as reduction in vehicle operating costs and time). According to our estimations, the EWH investment program will have an overall positive impact on key macroeconomic and welfare variables over the medium and long-term. Real GDP is assessed to increase by 1.5 percent over the medium-term horizon and by 4.2 percent over a long-term horizon. Both exports and imports are expected to expand in the long-run by 4.7 and 1.6 percent, respectively. Sensitivity analysis suggests that our results are robust to changes in the modeling parameters.
ISET-PI and Its Partners to Host the First Stakeholders’ Forum on the Tea Sector
- Details
On Wednesday, July 1st, the European Neighbourhood Programme for Agriculture and Rural Development (ENPARD) and its implementing partners, ISET-PI, CARE International in the Caucasus, RDA, and GFA, will host the first Stakeholders’ Forum on the Tea Sector. The forum will take place in Kutaisi, at Bagrati Hotel, from 14:00 till 18:00
The forum will be attended by the Deputy Minister of Agriculture, Gocha Tsopurashvili, as well as by the high officials from the Delegation of the European Union to Georgia, Agricultural Cooperatives Development Agency, Georgian Farmers Association, Tea Producers’ Association, and representatives from the private sector.
Our Partners
