Progress in Economics Research. Volume 52


Albert Tavidze (Editor)

Series: Progress in Economics Research
BISAC: BUS092000

This volume includes eight chapters that detail recent progress in economics research. In Chapter one the authors investigate the role played by the Federal Reserve in the evolution of the inflation rate in the US economy since the financial crisis of 2007–2009 which spurred the Great Recession. The authors also identify the relative importance of monetary policy shocks in driving changes in the inflation rate. Chapter two analyzes upstream firms’ collusive sustainability when downstream firms adopt the relative-performance delegation in an infinitely repeated Cournot or Bertrand game. Chapter three examines the challenge of employing AI in real time textual analysis of business cycles. Chapter four investigates the importance and characteristics of health statistics. Chapter five formulates an endogenous growth model in which households do not make optimal consumption choices but instead follow different spending-savings rules. Chapter six uses data on welfare and perceptions to gauge the relation between polarization and popular dissatisfaction in the Middle East and Northern Africa (MENA) region. Chapter seven evaluates consumer protection mechanisms in the context of electronic commerce in Africa. In the last chapter, a critical analysis of the contemporary development of Contractual Economics is made and the specificity of the economic study of agrarian contracts is summarized.

Table of Contents


Chapter 1. The Federal Reserve and the Inflation Rate Since the Global Financial Crisis
Antonio Ribba
Department of Economics Marco Biagi, University of Modena and Reggio Emilia, Italy

Chapter 2.
Relative-Performance Delegation Destabilizes Upstream Collusion: Price and Quantity Competition
Ji Sun¹ and Leonard F. S. Wang²
¹School of Economics and Management, Hubei University of Technology, Wuhan, China
²Wenlan School of Business, Zhongnan University of Economics and Law, Wuhan, China

Chapter 3. The Future of Online Text Mining in Real Time Economic Research
Ákos Fellner
PhD Student, Doctoral School in Regional Economics and Policy, University of Pécs, Pécs, Hungary

Chapter 4. The Importance and Characteristics of Health Statistics in the Efficient Provision of
Health Care
Nataša Kurnoga¹, PhD, Predrag Bejaković², PhD, and Nika Šimurina³, PhD
¹Department of Statistic, University of Zagreb, Faculty of Economics and Business, Zagreb, Croatia
²Independent Researcher, Zagreb, Croatia
³Department of Finance, University of Zagreb, Faculty of Economics and Business, Zagreb, Croatia

Chapter 5. Ants, Grasshoppers and Chaotic Growth
Orlando Gomes
Lisbon Accounting and Business School, Lisbon Polytechnic Institute (ISCAL-IPL) and CEFAGE (Univ. Évora – ISCAL) Research Center, Lisboa, Portugal

Chapter 6. Polarization and Arab Spring Uprisings in North Africa and The Middle East
Fabio Clementi¹, Michele Fabiani¹, Vasco Molini², and Francesco Schettino³
¹Department of Political Science, Communication and International Relations, University of Macerata, Macerata, Italy
²50×2030 Initiative, World Bank’s Center for Development Data, Rome, Italy
³Department of Law, University of Campania “Luigi Vanvitelli”, Caserta, Italy

Chapter 7. A Comparative Analysis of Consumer Protection Mechanisms in the Context of E-Commerce in Africa
Mathieu Juliot Mpabe Bodjongo¹, Salomon Mickson Abenelang², and Moustapha Fofana³
¹Faculty of Economics and Management of the University of Dschang, Dschang, Cameroon
²Faculty of Law and Political Sciences of the University of Yaoundé II, Soa, Cameroon
³Faculty of Economics and Management of the Felix Houphouet Boigny University of Abidjan, Abidjan, Côte d’Ivoire

Chapter 8. About Economics of Agrarian Contracts
Hrabrin Bachev
Institute of Agricultural Economics, Agricultural Academy, Sofia, Bulgaria


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