Macroeconomic Uncertainty and Empirical Research Results of its Quantitative Measurement in Georgia
Articles
David Kbiladze
Davit Agmashenebeli University of Georgia
Shorena Metreveli
Georgian Technical University
Tamar Kbiladze
Ivane Javakhishvili Tbilisi State University, Georgia
Published 2021-03-25
https://doi.org/10.15388/Ekon.2021.1.4
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Keywords

uncertainty
macroeconomic uncertainty
magic square
magic pentagon
correlation coefficient
macroeconomic imbalance
model of macroeconomic development

How to Cite

Kbiladze D., Metreveli S. and Kbiladze T. (2021) “Macroeconomic Uncertainty and Empirical Research Results of its Quantitative Measurement in Georgia”, Ekonomika, 100(1), pp. 67-74. doi: 10.15388/Ekon.2021.1.4.

Abstract

The present article describes the approaches and definition of the concept of uncertainty proposed by its authors, a quantitative evaluation of uncertainty, and materials of the empirical study used to explore the said issues on the example of macroeconomics of Georgia. We hope that the views given in the article will be useful for developing countries, particularly for the economic policy-makers in the post-communist states, as well as for the academic and scientific circles engaged in the studies of the above-listed issues.

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