There is no reason to doubt the significance of the inflation index for economic development or the fact that the inflation indicator is used as a central bank's target. The critics of inflation targeting believe that the association of a central bank's monetary policy with the planned inflation...

The “Georgian Dream” government, having won the 2012 and 2016 parliamentary elections, in the early stages of its tenure, took a number of steps associated with economic optimism among which the signature of the Association Agreement with the EU is of historical significance. The...

The paper analyze the economic models of the well-known Eurasianist doctrine of Russian imperial thinking and the Eurasian Economic Union (EAEU). In the modern era of globalization, an alliance of countries on the basis of the Eurasianist economic model is impossible to establish. The newly...

The article discusses the economic growth models in post-Communist countries of European Union and Eastern Partnership states. According to the combinatorial augmentation concept, there are new combinations for which the resources for old combinations are practically useless as they require the...

The direct comparisons of economic growth by countries are not constructive due to the catch-up effect. For measuring the economic development of different countries, the indicators of appropriate gross domestic products per capita are used. The paper proposes the hypothesis of proportional...

The paper investigates the peculiarities of the models of economic development of Georgia and Russia. Taking into account the catch-up effect, the paper shows adjusted economic growth indicators of these countries during the post-Soviet period. Due to the presence of necroeconomy in both...

In post-Soviet economies, the decrease in the share of industry was not due to the growth of high-quality innovative services but, rather, an immediate decline in industrial production. The reason for this was the phenomenon of “necroeconomy” which combines so-called dead enterprises...

One of the most prevalent forms of corruption is the tax offence. To determine the indexes of tax corruption, first, one has to reckon potential tax revenues estimated according to the economy at the present stage of development. One must then compare this potential amount with the actual taxes...

The EU's post-Communist countries as well as the EU in general are participating in the implementation of the Lisbon Strategy which aims to create an economy of knowledge. The usage of catching up is extremely important in achieving this strategy's goals. Unfortunately, the EU's post-Communist...