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...

The technique of the joint use of system dynamics and cognitive analysis for reengineering of complex systems has been proposed. The use of the system dynamics technique at the initial stage of reengineering processes faces the certain difficulties due to the fact of presence of large amount of...

The problem for choice of an optimum investment portfolio is considered. The square-law form of risk is presented as two-multiple convolution of ковариантного tensor of the covariance matrix and kontravariant vector of weights. By means of reduction of covariance matrix to the...

A method of analysis of Time Series Internal Structures based on Singular Spectrum Analysis is discussed. It has been shown that in the case when the Time Series contains deterministic additive components rank of the trajectory matrices equal to number of parameters of the components. Also it...

Knowledge-based society rests on the knowledge triangle that refers to the interaction between research, education, and innovation. The presented paper discusses efficiency of business education in Georgia. SWOT analysis and a questionnaire held by the author show challenges and opportunities of...

This paper surveys the particularities of monetary policy as a powerful governmental weapon in countries with transitional economies. The paper combines the theoretical analysis with empirical studies. Because in transitional economies the particular channels of monetary policy are diverse,...

Monetary integration of developing and transition countries is considered as a monetary strategy for immunization against international monetary instabilities. This paper corresponds to the growing interest in the integration theory and its application to the EMU formation and to EMU...

Decline in public interest to "pure" economic theory is disturbing fact. This paper considers the main macroeconomic hypothesis through their implementation in practice - macroeconomic policies in the USA, in post-soviet countries (Russia and Georgia) and Turkey as well. Stabilization policy of...