Comparative Analysis of the Models of Economic Development of Georgia and Russia

In Search of Ways for Russian-Georgian Normalization. Tbilisi, GFSIS, 2014

13 Pages Posted: 6 Jul 2014

See all articles by Vladimer Papava

Vladimer Papava

Ivane Javakhishvili Tbilisi State University

Date Written: July 5, 2014

Abstract

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 countries, the so-called “post-Soviet post-industrialism” is analyzed. It has been shown that both in Georgia and Russia, essentially identical consumer models of development of poor countries have established. In order to transfer to an innovative model of economic development, it is essential to stimulate the interest of the private sector of the economy.

Keywords: necroeconomy, post-Soviet post-industrialism, consumer models of development, poverty, supply stimulation, innovative economy

JEL Classification: O14, O57, P23, P31, P52

Suggested Citation

Papava, Vladimer, Comparative Analysis of the Models of Economic Development of Georgia and Russia (July 5, 2014). In Search of Ways for Russian-Georgian Normalization. Tbilisi, GFSIS, 2014. Available at SSRN: https://ssrn.com/abstract=2462813 or http://dx.doi.org/10.2139/ssrn.2462813

Vladimer Papava (Contact Author)

Ivane Javakhishvili Tbilisi State University ( email )

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Tbilisi, Tbilisi 0179
Georgia
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+995 32 222-5107 (Fax)

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