Economic Growth in Georgia: Historical Perspectives and Prognosis

Authors

  • Alexander Milnikov International Black Sea University
  • Tatiana Papiashvili International Black Sea University
  • Irakli Rodonaia International Black Sea University

Keywords:

economic growth, GDP, transitional economy, Georgia, prognostic model, regression, non-linear trend

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.

Author Biographies

Alexander Milnikov, International Black Sea University

Prof. Dr., Faculty of Information Technologies and Engineering, IBSU

Tatiana Papiashvili, International Black Sea University

Assoc. Prof. Dr., Department of International Economic Relations, Faculty of Business Management and Social Sciences, IBSU

Irakli Rodonaia, International Black Sea University

Assoc. Prof. Dr., Faculty of Information Technologies and Engineering , IBSU

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Published

2008-05-26

Issue

Vol. 2 No. 1 (2008)

Section

Legal and Social Sciences, Economics

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