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George Vachadze


Before joining CSI, Dr. Vachadze worked at the Bielefeld Graduate School of Economics and Management (BiGSEM), where he did his post-graduate studies in economics under the guidance of Professor Volker Bohm. Dr. Vachadze’s current research and teaching interests include international economics, finance, sustainable development, and growth.


1) Post-Doctoral Studies in International Economic Theory, Bielefeld Graduate School of Economics and Management (BiGSEM), University of Bielefeld, Bielefeld, Germany, August 2009

2) Ph.D. in Mathematics/Statistics, Department of Mathematics, University of Wisconsin Milwaukee, Milwaukee, USA, May 2003

3) Ph.D. in Economics, Center of Economic Research and Graduate Education (CERGE), Charles University, Prague, Czech Republic, December 1999

4) M.Sc. in Mathematics, Department of Mechanics and Mathematics, Tbilisi State University, Tbilisi, Georgia (Republic of), June 1993

Scholarship and Publications

1. Brueckner, M., Kikuchi, T., and Vachadze, G. "Transitional dynamics of the saving rate and economic growth." Macroeconomic Dynamics, Published online: 08/2021, pp. 1-24.

2. Vachadze, G. "Financial development, income, and income inequality." Journal of Economic Interaction and Cooperation, 16 (2021), pp. 589-628. 

3. Vachadze, G. "Misallocation of resources, total factor productivity, and the cleansing hypothesis." Macroeconomic Dynamics, Published online: 10/2020, pp. 1-38.

4. 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. 

5. Vachadze, G. "Credit market imperfection, minimum investment requirement, and endogenous income inequality." Journal of Mathematical Economics, 76 (2018), pp. 62-79.

6. Kikuchi, T., and Vachadze, G. "Minimum investment requirement, financial market imperfection, and self-fulfilling belief." Journal of Evolutionary Economics, 28 (2018), pp. 305-332.

7. Kikuchi, T., and Vachadze, G. "Financial liberalization: Poverty trap or chaos." Journal of Mathematical Economics, 59 (2015), pp. 1-9.

8. Agliari, A., Rillosi, F., and Vachadze, G. "Credit market imperfection, financial market globalization, and catastrophic transition." Mathematics and Computers in Simulation, 108 (2015), pp. 41-62.

9. Böhm, V., Kikuchi, T., and Vachadze, G. "Natural resources and patterns of overtaking." International Journal of Economic Theory, 10 (2014), pp. 167-177.

10. Agliari, A., and Vachadze, G. "Credit market imperfection, labor supply complementarity, and output volatility." Economic Modelling, 38 (2014), pp. 45-56.

11. Vachadze, G. "Land market liberalization, transfer of agricultural technology, and the process of industrialization." Land Use Policy, 35 (2013), pp. 388-394.

12. Vachadze, G. "Capital accumulation with and without land market liberalization: Beyond the "Win-Win" situation." Agricultural and Food Economics, 1 (2013), pp. 1-16.

13. 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.

14. Böhm, V., and Vachadze, G. "Endogenous inequality of nations through asset market integration." Macroeconomic Dynamics, 14 (2010), pp. 285-310.

15. Böhm, V., and Vachadze, G. "Capital accumulation with tangible assets." Journal of Economic Behavior & Organization, 68 (2008), pp. 248-257.

16. Böhm, V., Kikuchi, T., and Vachadze, G. "Asset pricing and productivity growth: The role of consumption scenarios." Computational Economics, 32 (2008), pp. 163-181.

17. Vachadze, G. "Recovery of hidden information from stock price data: A semiparametric approach." Journal of Economics and Finance, 2 (2001), pp. 258-274.

Term Subject Catalog Section Class Nbr Component Start Date End Date Mtg Start Mtg End Days Mode Descr
1232 ECO  230 E006 18499 LEC 1/25/2023 5/23/2023 6:30:00 PM 9:50:00 PM Tu P Managerial Statistcs
1232 MGT  230 E006 18516 LEC 1/25/2023 5/23/2023 6:30:00 PM 9:50:00 PM Tu P Managerial Statistcs
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Contact Information

Office: Building 3N Room 101
Fax: 718.982.2965
TUE between 5:30 - 6:30 PM and FRI between 11:15 - 12:15 PM or by appointment.

Office time can be booked here on a first come first serve basis. A microphone is needed in order to communicate during office hours. A webcam is desired to have.