George Vachadze
Professor of Economics
I joined CSI as an Assistant Professor in 2009. In 2016, I have been tenured and promoted to the level of Associate Professor. I hold Ph.D. in Mathematics/Statistics from the University of Wisconsin Milwaukee (2003) and Ph.D. in Economics from the Center of Economic Research and Graduate Education (CERGE) of Charles University (1999). Between 2000 and 2005 I worked for National Economic Research Associates Inc. (in New York, NY), Vortex Trading LLC (in Chicago, IL), Bank of Nova Scotia (in Toronto, ON), Tricycle Asset Management (Toronto, ON), and Bank of Georgia (in Tbilisi, Georgia). Between 2005 and 2009, I did my post-doctoral studies in international economics at the Bielefeld Graduate School of Economics and Management (BiGSEM). My current research and teaching interests include (a) Finance, growth, and development, (b) Between and within-country income inequality, and (c) Financial globalization and endogenous fluctuations.
Contact
7189823404
Academic Interests
– International Economics, Dynamic Macroeconomic Theory
– Economic Growth and Development
– Economics of Natural Resources and Environment
– Financial Economics, Econometrics and Statistics
Education
09/99 — 05/03 Ph.D. in Mathematics, University of Wisconsin Milwaukee, Milwaukee, WI.
Dissertation Title: “Finite Mixture Models and their Applications in Finance.
06/95 — 08/99 Ph.D. in Economics, CERGE, Prague, Czech Republic.
Dissertation Title: “Asset Pricing and Portfolio Allocation in Stochastic
Economies with Heterogeneous Agents: Speculative and Fundamental
Valuation Models.
09/93 — 06/95 Graduate Studies in Prob. Theory and Mathematical Statistics, Institute
of Mathematics, Georgian Academy of Sciences, Tbilisi, Rep. of Georgia
09/88 — 08/93 M.Sc. Mathematics, Tbilisi State University, Tbilisi, Republic of Georgia.
Publications
(1) Vachadze, G. “Misallocation of Resources, Total Factor Productivity, and the Cleansing Hypothesis”. Accepted Macroeconomic Dynamics. (2020), pp 1-40.
(2) Kikuchi, T., Stachurski, J., and Vachadze, G. “Volatile Capital Flows and Financial Integration: The Role of Moral Hazard”. Journal of Economic Theory, 176 (2018), pp. 170-192.
(3) Vachadze, G. “Credit Market Imperfection, Minimum Investment Requirement, and Endogenous Income Inequality”. Journal of Mathematical Economics, 76 (2018), pp. 62-79.
(4) Kikuchi, T., and Vachadze, G. “Minimum Investment Requirement, Financial Market Imperfection and Self-fulfilling Belief”. Journal of Evolutionary Economics, 28 (2018), pp. 305-332.
(5) Kikuchi, T., and Vachadze, G., “Financial liberalization: Poverty traps or chaos“. Journal of Mathematical Economics, 59 (2015), pp. 1-9.
(6) Agliari, A., Rillosi, F., and Vachadze, G. “Credit market imperfections, financial market globalization, and catastrophic transition“. Mathematics and Computers in Simulation, 108 (2015), pp. 41-62.
(7) Böhm, V., Kikuchi, T., and Vachadze, G., “Natural resources and patterns of overtaking“, International Journal of Economic Theory, 10 (2014), pp. 167-177.
(8) Agliari, A., and Vachadze G., “Credit market imperfection, labor supply complementarity, and output volatility“, Economic Modelling, 38 (2014), pp. 45-56.
(9) Vachadze, G., “Land market liberalization, transfer of agricultural technology, and the process of industrialization“, Land Use Policy, 35 (2013), pp. 388-394.
(10) Vachadze G., “Capital accumulation with and without land market liberalization: beyond the “Win-Win” situation“, Agricultural and Food Economics, 1:2 (2013), pp. 1-16.
(11) Agliari, A., and Vachadze G., “Homoclinic and heteroclinic bifurcations in an overlapping generations model with credit market imperfection“, Computational Economics, 38 (2011), pp. 241-260.
(12) Böhm, V., and Vachadze, G., “Endogenous inequality of nations through financial asset market integration“, Macroeconomic Dynamics, 14 (2010), pp. 285-310.
(13) Böhm, V., and Vachadze, G., “Capital accumulation with tangible assets“, Journal of Economic Behavior & Organization, 68 (2008), pp. 248-257.
(14) Böhm, V., Kikuchi, T., and Vachadze, G., “Asset pricing and productivity growth: the role of consumption scenarios“, Computational Economics, 32 (2008), pp. 163-181.
(15) Vachadze G., “Recovery of hidden information from stock price data: a semiparametric approach“, Journal of Economics and Finance, 25 (2001), pp. 258-274.
