Green Economy and Access to Finance in Georgia (Going Beyond the Commercial Banking Sector to Finance Businesses in Georgia)
Journal Title: Journal of Economics and Business - Year 2019, Vol 2, Issue 3
Abstract
In this article we have overviewed the green economy recent trend and situation in Georgia. Our research has studied the financial vehicles that go beyond traditional sources of private capital offered by commercial banks. We have studied the international experience and the opportunities to use public support, green bonds to raise green finance as well as the work of energy service companies (ESCOs) to finance green investments. We have highlighted the present conditions of Georgia and proposed some ideas about how to turn Georgia from a backward country into a developed one. In that field it is studied the readiness and the importance of the strong and reliable green energy economy for sustainable economic growth, their interaction, the luck of market tools and market price (capitalization) in Georgia. At the same time, we have highlighted and presented the negative gap between the per capita GDP of Georgia and developed countries, like Switzerland, Hungary and Poland and the Europe. Also, it had investigated the problems of stock market in Georgia and the ways how to encourage economic growth in Georgia based on modern market tools and green bonds issues.
Authors and Affiliations
David Aslanishvili, Kristine Omadze
Keywords
Related Articles
- EP ID EP646509
- DOI 10.31014/aior.1992.02.03.125
- Views 51
- Downloads 0
The Impact of IFRS Adoption on Earnings Management-Results from Canada
The purpose of this paper is to find out the impact of the adoption of IFRS on the practice of earnings management. It provides empirical results using panel data from 2000 to 2018 of the 19,869 firm-year observations of...
Institutional Creativity and Entrepreneurship in Institutes of Higher Education: Opportunities and Challenges
The purpose of this research is to find an appropriate framework in establishing a creativity and entrepreneurship institute based on previous experience and current opportunities and capabilities in Tabuk Province. In a...
Designing and Deploying an E-Business Model for Small and Medium-Sized Enterprises in Saudi Arabia
This work was carried out to deploy e-business and e-commerce through small and medium-sized enterprises (SMEs) in Saudi Arabia. To that end, a study on market behaviour was conducted, and a model was developed to transf...
Role of Audit Committee in Tax Avoidance of Family and Non-Family Firms: Evidence from Indonesia
Companies often use tax avoidance and cost of debt substitutionally to achieve the desired marginal tax rate, without attracting the attention of the Tax Department of the State. We examine the role of the audit committe...
Sustainable Development vs. Middle-Income Trap
The middle-income trap (MIT) describes a situation faced by countries at a relatively mature stage of development that often poses an obstacle to sustainable long-term growth. The MIT is characterized by declining factor...