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Useful Resources
2008-05-01 07:16:47
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Why is Banking Industry Prone to Crises
2008-05-01 07:15:34
There are some special characteristics of banks that make them vulnerable to crises. Firsts, banks are leveraged, much more than a typical non-financial firm. In managing their investments they are putting people’s money at risk. Leverage and limited shareholders liability make bank managers to undertake excessively risk portfolio on behalf of shareholders. Another problem that [...]


Armenian Banking Sector
2008-05-01 02:04:46
This study covers all 21 Banks currently operating in Armenian banking sector and the study period covers period from 2003 to first quarter of 2007. The graphs given below analyze corporate data, financial statements, lending practices data, deposit activities data, management efficiency and profitability indicators. In this paper we discuss following topics: 1. Make-up of [...]


Does Union Membership Raise Wage Rate? Panel Data Analysis
2008-04-26 13:28:55
The paper uses a relatively homogeneous longitudinal sample under a certain level of measurement error in the union status and examines the size of the wage gains and losses of the individuals changing union status. Estimation eliminated time-invariant unobserved wage determinants that were correlated with union membership and the results from Fixed Effects Estimation state [...]
Read more: Union , Membership , Panel , Analysis

Concept of Taxation: What is Taxation?
2008-04-21 02:29:54
The new tax code defines taxes not as an in equivalent and uncompensated transfer of sums to the State but as a liability of certain persons before the State so as this last can provide its citizens and all legal residents on the territory of Georgia with safe life and work environment. Thus, this new [...]
Read more: Concept , Taxation

Georgian Capital Market: Problems & Solutions
2008-04-19 09:05:00
The primary role of the capital market is allocation of ownership of the economy’s capital stock. In general terms, the ideal is a market in which prices provide accurate signals for resource allocation: that is, a market in which firms can make production-investment decisions, and investors can choose among the securities that represent ownership of [...]
Read more: Market

The Impact of Poland’s EU Accession on GDP Growth Rate: Analysis of Three Years (2004-2006)
2008-03-25 08:54:26
The process of Poland ’s EU accession that started in 1986 with the Polish government expressing its intention to cooperate with the EU (called the EEC at the time), eventually completed on 13th of December 2002, during the summit meeting in Copenhagen. Poland-EU cooperation moved to its ultimate stage: it was agreed that May the 1st [...]
Read more: Analysis , Growth , Three , Years

Job Reallocation in Georgia (2000-2004)
2008-03-03 06:52:28
Large number of papers in Labor Economics focus of worker flows and job flows. Worker flows are closely associated with search and matching concepts, while job flows focus on job creation and job destruction. Analyzing these flows gives opportunity to understand labor market dynamics and the reallocation of labor. Job flows are especially important for [...]
Read more: Georgia

Georgian Marketing Environment
2008-02-20 06:46:24
Almost half of the Georgian population lives in cities, with a quarter centered in the capital, Tbilisi. City populations have increased in recent years due to an inflow of refugees from Abkhazia and Sabachablo. In general, the population could be structured in terms of income as 5 per cent rich, 5 per cent middle class, [...]
Read more: Marketing , Environment

The Importance of Banking Instruments in International Trade Transactions
2008-02-02 06:40:44
During the last two decades the world economy has undergone major structural changes. At the same time, international economists have been busy developing new approaches and refining older ideas in an attempt to provide better answers to such perennial questions as the merits of free trade relative to protection and the nature of globalization in [...]
Read more: Instruments , International , Trade

Useful Resources
2008-05-04 03:48:47
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Overview of Georgian Economy: Georgia in the Past
2008-05-04 03:47:53
Georgia began its independent development under conditions, which seemed relatively favorable at the time. Before the break up of the Soviet Union, Georgia had a well-developed industrial sector. Food processing accounted for about two fifths of industrial production in 1990, followed by light industries (consumer goods, such as textiles and shoes). Electronics and electric engineering [...]
Read more: Overview , Georgia

Why is Banking Industry Prone to Crises
2008-05-01 07:15:34
There are some special characteristics of banks that make them vulnerable to crises. Firsts, banks are leveraged, much more than a typical non-financial firm. In managing their investments they are putting people’s money at risk. Leverage and limited shareholders liability make bank managers to undertake excessively risk portfolio on behalf of shareholders. Another problem that [...]


Armenian Banking Sector
2008-05-01 02:04:46
This study covers all 21 Banks currently operating in Armenian banking sector and the study period covers period from 2003 to first quarter of 2007. The graphs given below analyze corporate data, financial statements, lending practices data, deposit activities data, management efficiency and profitability indicators. In this paper we discuss following topics: 1. Make-up of [...]


Does Union Membership Raise Wage Rate? Panel Data Analysis
2008-04-26 13:28:55
The paper uses a relatively homogeneous longitudinal sample under a certain level of measurement error in the union status and examines the size of the wage gains and losses of the individuals changing union status. Estimation eliminated time-invariant unobserved wage determinants that were correlated with union membership and the results from Fixed Effects Estimation state [...]
Read more: Union , Membership , Panel , Analysis

Concept of Taxation: What is Taxation?
2008-04-21 02:29:54
The new tax code defines taxes not as an in equivalent and uncompensated transfer of sums to the State but as a liability of certain persons before the State so as this last can provide its citizens and all legal residents on the territory of Georgia with safe life and work environment. Thus, this new [...]
Read more: Concept , Taxation

Georgian Capital Market: Problems & Solutions
2008-04-19 09:05:00
The primary role of the capital market is allocation of ownership of the economy’s capital stock. In general terms, the ideal is a market in which prices provide accurate signals for resource allocation: that is, a market in which firms can make production-investment decisions, and investors can choose among the securities that represent ownership of [...]
Read more: Market

The Impact of Poland’s EU Accession on GDP Growth Rate: Analysis of Three Years (2004-2006)
2008-03-25 08:54:26
The process of Poland ’s EU accession that started in 1986 with the Polish government expressing its intention to cooperate with the EU (called the EEC at the time), eventually completed on 13th of December 2002, during the summit meeting in Copenhagen. Poland-EU cooperation moved to its ultimate stage: it was agreed that May the 1st [...]
Read more: Analysis , Growth , Three , Years

Job Reallocation in Georgia (2000-2004)
2008-03-03 06:52:28
Large number of papers in Labor Economics focus of worker flows and job flows. Worker flows are closely associated with search and matching concepts, while job flows focus on job creation and job destruction. Analyzing these flows gives opportunity to understand labor market dynamics and the reallocation of labor. Job flows are especially important for [...]
Read more: Georgia

Georgian Marketing Environment
2008-02-20 06:46:24
Almost half of the Georgian population lives in cities, with a quarter centered in the capital, Tbilisi. City populations have increased in recent years due to an inflow of refugees from Abkhazia and Sabachablo. In general, the population could be structured in terms of income as 5 per cent rich, 5 per cent middle class, [...]
Read more: Marketing , Environment

Useful Resources
2008-05-07 01:10:47
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Read more: Useful , Resources

Why is Banking Industry Prone to Crises?
2008-05-07 01:09:40
There are some special characteristics of banks that make them vulnerable to crises. Firsts, banks are leveraged, much more than a typical non-financial firm. In managing their investments they are putting people’s money at risk. Leverage and limited shareholders liability make bank managers to undertake excessively risk portfolio on behalf of shareholders. Another problem that [...]


Concept of Taxation: What is Taxation?
2008-04-21 00:00:54
The tax code defines taxes not as an in equivalent and uncompensated transfer of sums to the State but as a liability of certain persons before the State so as this last can provide its citizens and all legal residents on the territory of Georgia with safe life and work environment. Thus, this new definition [...]
Read more: Concept , Taxation

Georgian Capital Market: Problems & Solutions
2008-04-19 09:05:00
The primary role of the capital market is allocation of ownership of the economy’s capital stock. In general terms, the ideal is a market in which prices provide accurate signals for resource allocation: that is, a market in which firms can make production-investment decisions, and investors can choose among the securities that represent ownership of [...]
Read more: Market

The Impact of Poland’s EU Accession on GDP Growth Rate: Analysis of Three Years (2004-2006)
2008-03-25 08:54:26
The process of Poland ’s EU accession that started in 1986 with the Polish government expressing its intention to cooperate with the EU (called the EEC at the time), eventually completed on 13th of December 2002, during the summit meeting in Copenhagen. Poland-EU cooperation moved to its ultimate stage: it was agreed that May the 1st [...]
Read more: Growth , Analysis , Three , Years

Job Reallocation in Georgia (2000-2004)
2008-03-03 06:52:28
Large number of papers in Labor Economics focus of worker flows and job flows. Worker flows are closely associated with search and matching concepts, while job flows focus on job creation and job destruction. Analyzing these flows gives opportunity to understand labor market dynamics and the reallocation of labor. Job flows are especially important for [...]
Read more: Georgia

Georgian Marketing Environment
2008-02-20 06:46:24
Almost half of the Georgian population lives in cities, with a quarter centered in the capital, Tbilisi. City populations have increased in recent years due to an inflow of refugees from Abkhazia and Sabachablo. In general, the population could be structured in terms of income as 5 per cent rich, 5 per cent middle class, [...]
Read more: Marketing , Environment

The Importance of Banking Instruments in International Trade Transactions
2008-02-02 06:40:44
During the last two decades the world economy has undergone major structural changes. At the same time, international economists have been busy developing new approaches and refining older ideas in an attempt to provide better answers to such perennial questions as the merits of free trade relative to protection and the nature of globalization in [...]
Read more: Instruments , International , Trade

Georgian Labor Market Overview
2008-01-28 06:35:20
This report provides a study of the LABOR market in Georgia based on an analysis 1998-1999 data of the Georgia LABOR Force Survey, which has been carried out by the State Department for Statistics with the assistance of UNDP and the ILO. It begins with a historical background, briefly describing the Soviet LABOR market and the [...]
Read more: Market , Overview

The Soviet Labor Market
2008-01-03 06:29:04
The Soviet Union had a centrally planned LABOR market and economy. However, contrary to the widespread image of a system where workers were obliged to stay in the jobs that they were allocated, the Soviet LABOR market was characterised by a considerable degree of LABOR mobility. In practice, workers were reasonably free to change jobs [...]
Read more: Market

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