STATISTICAL ANALYSIS OF THE ECONOMIC INTEGRATION OF GEORGIA WITH THE EUROPEAN UNION AND PROSPECTS FOR DEVELOPMENT

Nino Abesadze

Abstract


At the present stage of development the process of integration of Georgia into the world  economic system is getting deeper and deeper. That’s why for the formation of the right economic policy of the country it is necessary to assess these processes correctly and  analyze  the further perspectives.

On the basis of  proven  statistical methods – statistical observation, grouping and methods of analysis – there have been analyzed the data of foreign trade of Georgia from the Geographical point of view,  characterized the dynamic of the export and import stream, the commodity structure of  foreign trade of Georgia on the basis of which there have been revealed the positive and negative sides of the current changes in this field.

There have also been discussed the problems of indexes of  foreign trade in Georgia.  In order to calculate  the main characteristics of  foreign trade there have been used the stochastic models of the time series.  On the basis of models selected  as a result of testing the classical methods of regressive analysis there have been done the forecast calculations and on basis of the received results  the corresponding conclusions have been reached.

DOI: http://dx.doi.org/10.5755/j01.em.19.4.8531


Keywords


Statistical Methods, forecast, Econometric Methods, indexes.

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