The article discusses the role of sustainable transport systems in competitiveness Georgian agri-food products. products are less competitive on international markets. country has FTAs with its partners that should make goods more competitive, at least terms price. Transport and logistics is one main parts export, therefore, they have an impact exported goods. Georgia trades neighbour countries...

This paper studies how the real exchange rate changes with economic growth. Although Devereux (1999) proves that endogenous growth in the distribution sector can cause exchange rate depreciation, MacDonald and Rucci (2005) empirically find that growth in the distribution sector significantly causes the exchange rate to appreciate. To resolve the discrepancy, we replace perfect competition with ...

Recent evidence indicates the new goods bias in the Consumer Price Index is large and cyclical (Broda and Weinstein, 2010). Because standard theory prices assets by the discounted value of real payoffs, these findings have implications for asset pricing. In this paper, I use the growth of dynamic goods—goods subject to more innovation—as a proxy for the growth of new goods, and include this as ...

Economic reforms pay off. This working document presents evidence of the positive impact of Internal Market rules on the performance of public procurement markets over the past ten years. Indicators show positive developments in market transparency, increased cross border competition and price savings derived from the implementation of public procurement directives. Public procurement directive...

This paper examines how productivity changes a®ect real rates of return and price/earnings ratios in a small open economy. The model provides conditions under which increased productivity in a country's traded goods sector causes prices of non-traded goods to increase relative to the price of traded goods. Under these conditions, real rates of interest decline and the production of certain non-...

globalization is integration of national economies in global economy and infers on increasing the flow of goods and services. in this study the consequences of globalization were studied through the analysis of level of international trade index (lit) in the caviar export equation. the required data were gathered from statistical yearbook of foreign trade, statistical yearbook of fisheries, sta...

Until recently the Consumer Price Index consisted solely of “matched model” component indices. The latter are constructed by BLS personnel who visit stores and compare prices of goods with the same set of characteristics over successive periods. This procedure is subject to a selection bias. Goods that were not on the shelves in the second period were discarded and hence never contributed price...