Milnikov, Alexander Papiashvili, Tatiana Rodonaia, Irakli
Year of Publication:
[Journal:] IBSU Scientific Journal (IBSUSJ) [ISSN:] 1512-3731 [Volume:] 2 [Issue:] 1 [Publisher:] International Black Sea University [Place:] Tbilisi [Year:] 2008 [Pages:] 33-44
International Black Sea University, Tbilisi
While output declined in virtually all transition economies in the initial years, the speed and extent of the recovery that followed had varied widely across the transition countries. The paper examines some aspects of transition experiences of 1990s and the dynamics of GDP in Georgia during transition recession and following post-recession recovery. GDP prognostic econometric model for Georgia is developed.
economic growth GDP transitional economy prognostic model non-linear trend