Economic Growth in Georgia: Historical Perspectives and Prognosis

  • 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.

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
Published
2008-05-26
How to Cite
MILNIKOV, Alexander; PAPIASHVILI, Tatiana; RODONAIA, Irakli. Economic Growth in Georgia: Historical Perspectives and Prognosis. IBSU Scientific Journal, [S.l.], v. 2, n. 1, p. 33-44, may 2008. ISSN 2233-3002. Available at: <https://journal.ibsu.edu.ge/index.php/ibsusj/article/view/46>. Date accessed: 09 aug. 2020.
Section
Legal and Social Sciences, Economics

Keywords

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