Albert Tavidze – författare

In this next volume of Progress in Economics Research, chapters discuss the nexus between the volatilities of growth rates and crude oil; the growth effect of transportation investment; the economic impacts of a government default in stochastic overlapping generations model under homogeneous investor expectations; a new approach to the estimation of the total factor productivity dynamics and of the rate of disembodied technical change in the context of Cobb-Douglas production function with constant returns to scale; investment dynamics in Solow's Growth Model; financial performance and intellectual capital; financial integration, house price dynamics and saving rate divergence in an overlapping generations model with intra-EMU and Asian-U.S. trade imbalances; regional competitiveness within the cluster's territory; and the methodology and implementation of a knowledge management system in a polytechnic school.

This compilation opens with an address of the way in which economic growth in Malaysia largely relies on external market conditions, despite the fact that Malaysia successfully shifted from an agriculturally-based economy to one that is manufacturing-based. Thus, the authors present an in-depth discussion of economic growth and human capital development plans and their impacts on the labor market in Malaysia. Next, the authors offer an original justification for a new generation of regional economic policy for contemporary Ukraine through proper gradual representation of its basic elements. The logic and reshaping principles of forming an internal circuit of regional economic policy modernization are presented, along with ways to reconcile the interests of the national and regional levels when revising a regional policy and more. The French economy from 2010 to 2017 is reviewed, particularly covering the areas of industry, agriculture, the services sector and international trade. Also covered are employment trends and the labour market reforms over this period. Following this, the authors examine the impact of new technologies on office employment, particularly on clerical jobs, in Mexico. Drawing on recent research on the evolution of job offers published by a leading Mexican newspaper, the authors are able to conclude that office jobs are no longer defined by traditional skills but by multitasking ability. This collection goes on to discuss how the advancement of information technology, in conjunction with the popularity of mobile payment, has facilitated a drastic growth of e-commerce retail business around the globe in the past decade. In order to focus on core business processes such as product development and promotion, e-retailers commonly outsource the logistics and distribution aspects of e-commerce business to third-party logistics service providers. The objective of the following chapter is to determine the contribution of inequality of opportunities to the distribution of accessibility to basic education between 2001 and 2007 in Cameroon. The results lead the authors to recommend a reinforcement of policies such as the abolition of tuition fees, the organization of awareness campaigns for the under-educated and the distribution of scholarships to girls and vulnerable children. The authors suggest that a closer look at recent overlapping generations models (with renewable resources that are costly to harvest) lends support to the view of classical economists who took the existence of the stationary state of a competitive market economy for granted.

In relation to the perspectives of World Trade Organization members, Progress in Economics Research. Volume 42 examines key policy requirements involved in developing countries’ participation in future global e-commerce. This is based on a policy analysis of World Trade Organization e-commerce policies using grounded theory tools of deep-level inquiry. The authors go on to evaluate economic competitiveness in China, and its position as a global player in comparison with other World Trade Organization members using the Data Envelopment Analysis method. The dynamics behind socioeconomic inequality in Kenya are examined based on a reinterpretation of previously published works and existing data. In terms of political approaches to economic planning, Kenya has moved from the centralized statist approach in 1963 to a “district focus” strategy in the 1980s; an era of devolved funding from the 1990s and, since 2010, a devolved governance structure. Data from social sectors is highlighted to illustrate trends. Later, to assess the relationship between development paths and institutions in the Republics of the former Soviet Union, the authors build an index of development based on World Bank data. They consider the impact of governance on economic growth through a new index, also created from World Bank data. Also in relation to the former Soviet Union, the authors demonstrate that exemptions from taxation can be arbitrarily denied by fiscal authorities under invented pretexts. A stockholder and investor should know that, even in the course of simple transactions, he or she can encounter decisions of authorities contradictory to the law, misquoting of the legal codes by civil servants in their correspondence, backdating of official letters and embezzlement of registered letters. The closing chapter studies the Spanish fishing and processing sector of anchovy, analyzing its trade balance and prices for preparation to characterize the current situation of this sector at the national level. Production and economic performance are analyzed in the local, European and global context to define trends affecting the management of this species.

Progress in Economics Research. Volume 43 first presents results of the multi-factor model development for predicting external economic activity of industrial companies as a tool for substantiating effective alternatives for their development. Following this, the authors investigate the behavior of Federal Reserve chairmen as viewed in terms of the Taylor rule. In particular, we estimate a Taylor rule via an unobserved component model where: inflation and output gaps are obtained via bivariate state space model, the natural interest rate is time-varying and modeled as a random-walk, and inflation and output gap coefficients are modeled as smoothing spline process. The formation of a Mexican megalopolis is explored in an effort to understand the role of its metropolis. In this sense, the analysis focuses on the potential compatibility and interactions between metropolises. In the wake of historical and political events, stakeholder pressure can trigger shareholders to divest from politically incorrect markets with the goal of accomplishing socio-political change. As a comparative study, one paper reviews political divestiture to provide a theoretical framework for divestiture in the age of global warming. Next, this compilation utilizes a small-scale econometric model to study the dynamics of the Irish debt-to-gross domestic product ratio. The role of world gross domestic product growth, domestic gross domestic product growth, real effective exchange rate, interest rate and primary balance is analyzed in the debt dynamics. The authors offer an elementary microeconomic underpinning for the macroeconomic observation that while the number of workers entering the labour force is increasing, output and wages remain stagnant, and the way forward is technological change.

Progress in Economics Research. Volume 44 begins with an analysis of the influence of the economic crisis of the year 2008 on the consumption of “affordable luxuries” through an examination of the sales and market performance of different product categories. Following this, the authors assess an approach for reshaping the institutional basis for regional economic progress inspired by ongoing national economic reforms in present-day Ukraine. The theoretical basis for conclusions is drawn from the modern theory of new institutionalism. An in-depth analysis of energy efficiency in the South Caucasus region is provided, identifying two basic problems: incompatible legislation and incompatible consumer tariffs. Continuing, this compilation reviews the de-risking experience of several Caribbean countries. Some considered solutions include utilizing the correspondent banking relationship of domestic Central Banks, strengthening domestic regulatory and legislative framework to reduce risk perception, and lobbying at the regional level to raise awareness. The authors also address the importance of public procurement in spending public funds, which has a high impact on the development of the private sector. The conclusion raises questions regarding whose GDP should be optimized in a global economy, whose employment level should be addressed, and how this new stage in world development will look.

This compilation discusses the two latest economic crises, 2009 and 2020, and the public policies used to mitigate the recession, improve economic growth, and save people from the dangerous coronavirus. The authors summarize the principal legislation and recommendations that, from the point of view of corporate governance, have been established in the Spanish context in relation to: risk control and management, the role of audit committees in the supervision of risk control and management function and transparency in all these issues. The development levels of central and eastern European countries which transitioned from socialist economies to market economies and experienced major changes in their institutional structures are assessed. Additionally, an optimal control problem of water management is examined in the context of the conjunctive use of two interrelated water sources: groundwater and rainwater.

This monograph consists of six chapters that each present new research in the field of economics. Chapter One discusses the new monetary policy and instruments introduced by the Fed after 2008. Chapter Two analyzes the export of liquefied natural gas from Trinidad and Tobago to the United States. Chapter Three explores population perception about the availability of bicycle lanes in São Paulo as an alternative to public transportation. Chapter Four examines the relationship between West Texas Intermediate oil prices and the United States Dollar/Trinidad and Tobago Dollar (USD/TTD) currency pair. Chapter Five aims at determining the factors affecting the choice of national pension funds investment regime in 82 countries. Lastly, Chapter Six seeks to investigate the relationship between Henry Hub natural gas prices and the USD/TTD exchange rate.

This edited volume comprises six chapters, each detailing a recent advancement in economics research. Chapter One addresses the idiosyncratic labor markets of Spain and Andalusia. Chapter Two deals with the development and qualitative renewal of Kazakhstan’s human capital in the context of innovative development. Chapter Three analyzes big companies and the relationship between capital and labor in contemporary society, supporting the research agenda of economic sociology and political economy. Chapter Four clarifies the concepts of green finance and identifies trends, challenges, and opportunities for the financial sector’s role in the fight against climate change. Chapter Five sets out to determine whether livestock productivity can increase through bioeconomic management. Finally, Chapter Six studies the economy of crypto assets, comparing it to well-established financial markets and contemplating whether cryptocurrency network structure evolves and the importance of vertices changes.

This compilation presents some of the latest advancements in economics research. Chapter One evaluates the impact of public policies, such as those regarding infrastructure and education, on a country’s economic performance. Chapter Two deals with the issues of utilization of sludge from wastewater treatment in agriculture as a socio-economic and environmental problem in the European Union and Bulgaria. Chapter Three investigates the impact of cognitive and non-cognitive skills on the quality of a task-specific outcome by conducting an experiment on a popular crowdsourcing platform and finds that the performance of workers depends on cognitive skills, personality traits and work effort. Chapter Four explores how trade show visitors’ objectives impact their visual attention to trade show booths and booth visit likelihood. Chapter Five summarizes some trends in R&D expenditures in post-socialist countries in the course of market transformation on the basis of comparative statistical analysis of relative R&D effort. Chapter Six aims to establish the best tourism human resources development practices utilized by Egypt as one of the countries leading the tourism industry in Africa. Chapter Seven outlines the major aspects of the shift in the IMF stance on international capital mobility from the perspective of finding the right balance between freedom, regulation, and control. Chapter Eight focuses on stochastic control of exchange rates via discretionary central bank intervention. Finally, Chapter Nine investigates the quantitative importance of investment frictions for the propagation of cyclical fluctuations in Bulgaria.

This volume includes eight chapters, each of which detail recent developments in economics research. Chapter One presents the results of a large-scale study on the governance, efficiency, and development of Agricultural Knowledge and Innovation System in Bulgaria. Chapter Two assesses how efficiently educational resources or inputs are being used by Spanish public universities to maximize their teaching outputs. Chapter Three contextualizes, summarizes and integrates research on novice stock investors’ risk management. Chapter Four analyzes the economic impact of the Russia-Ukraine conflict on inflation in Trinidad and Tobago. Chapter Five looks at the spatial distribution and determinants of segregation of the Moroccan labor market. Chapter Six draws on the results of an empirical study to critically evaluate the strategic implications, challenges and opportunities of adopting a sharing economy-based framework for developing remote rural communities in Indonesia into international tourism destinations. Chapter Seven analyzes ten years of Data Envelopment Analysis models published in journals, books and papers. Lastly, Chapter Eight introduces preferences a la Greenwood, Hercowitz and Huffman into a real-business-cycle setup augmented with government.

This volume contains eight selected chapters covering progress in economics research. Chapter One is an investigation into the quantitative importance of oil price on aggregate economic activity in the UK. Chapter Two is an analysis of naturally occurring patterns of growth in asset management based off of theoretical mathematical models. Chapter Three analyzes new global challenges stemming from the digitalization of the economy. Chapter Four examines quantitative effects of the Reagannomics taxation program. Chapter Five looks to progress in general equilibrium modeling of involuntary unemployment through the case of Diamond-Type OLG models. Chapter Six reviews military expenditure and growth in OECD countries. Chapter Seven examines Lithuanian armaments acquisition. Chapter Eight looks at the case of Bulgaria from 1999-2020 through the lens of a monetary business-cycle model.

This volume includes eight chapters that detail recent progress in economics research. Chapter One uses the Ordinary Least Squares regression with robust standard errors to test for a relationship between nominal exchange rates and indexes. Chapter Two evaluates quality of life, using the human development index (HDI) as a proxy, in two countries: the United Kingdom and Qatar. Chapter Three details the growth story of emerging market economies, as well as prospects and challenges to suggest to policymakers the direction of an apt policy design. Chapter Four gives answers to the following academic and practical questions: "e;What is Agrarian Governance?"e; and "e;How to Assess Agrarian Governance?"e;. Chapter Five examines the effects of Bill Clinton's income tax reform on welfare by conducting various computational experiments using a dynamic general equilibrium model. Chapter Six analyzes the economic performances of 18 emerging market economies (EMEs) over a 30-year sample period as well as attempts to identify changing dynamics after the global financial crisis (GFC). Chapter Seven discusses how the economy can be divided into two components - "e;constructive"e; and "e;speculative"e;. Finally, Chapter Eight details the relationship between taxation, affordability, and expenditure in the cigarette market.