Takayama / Ohyama / Ohta Trade, Policy, and International Adjustments

1. Auflage 2013
ISBN: 978-1-4832-6022-8
Verlag: Elsevier Science & Techn.
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 326 Seiten, Web PDF

Trade, Policy, and International Adjustments covers the theoretical issues, macroeconomics, and mathematical methods in the field of international economics. The book summarizes and illustrates the various contributions to the field of international economics. The text presents studies on the issues in international trade and commercial policies; voluntary export restrictions; application of a geometric technique to a multidimensional problem concerning the Stolper-Samuelson theorem; the symmetry theorem between tariffs and quotas in the context of a monetary economy under flexible exchange rates; and application of the Hopf bifurcation theory to the theory of international capital mobility. Economists, teachers, and students of economics will find the book very insightful.

Autoren/Hrsg.

Takayama, Akira

Ohyama, Michihiro

Ohta, Hiroshi

Inhaltsverzeichnis

1;Front Cover;1
2;Trade, Policy, and International Adjustments;4
3;Copyright Page;5
4;Table of Contents;6
5;Contributors;8
6;Preface;10
7;Outline;14
8;Part I: Recent Issues in International Trade and Commercial Policies;22
8.1;Chapter 1. Voluntary Export Restraints;24
8.1.1;1. THE MODEL;25
8.1.2;2. THE IMPOSITION OF A VER;30
8.1.3;3. THE VER SYSTEM;33
8.1.4;4. CONCLUDING REMARKS;38
8.1.5;ACKNOWLEDGMENTS;39
8.1.6;REFERENCES;39
8.2;Chapter 2. "Trade" or "Aid"?;40
8.2.1;1. INTRODUCTION;40
8.2.2;2. THE MODEL;42
8.2.3;3. LOCAL ANALYSIS;43
8.2.4;4. GLOBAL ANALYSIS;50
8.2.5;5. A FINAL REMARK;55
8.2.6;ACKNOWLEDGMENTS;55
8.2.7;REFERENCES;56
8.3;Chapter 3. Strategic Tariff Policy in a Model of Trade in Intermediate and Final Products;57
8.3.1;1. INTRODUCTION;57
8.3.2;2. THE MODEL;58
8.3.3;3. TRADE IN THE INTERMEDIATE INPUT;61
8.3.4;4. THE OPTIMAL TARIFF POLICY;68
8.3.5;5. CONCLUDING REMARKS;74
8.3.6;APPENDIX;76
8.3.7;ACKNOWLEDGMENT;79
8.3.8;REFERENCES;79
8.4;Chapter 4. Predatory Dumping as Signal Jamming;81
8.4.1;1. INTRODUCTION;81
8.4.2;2. THE MODEL;84
8.4.3;3. SECOND-PERIOD COMPETITION;85
8.4.4;4. FIRST-PERIOD COMPETITION;87
8.4.5;5. SUMMARY AND QUALIFICATIONS;95
8.4.6;ACKNOWLEDGMENT;96
8.4.7;REFERENCES;96
8.5;Chapter 5. Multinational Corporations and Absolute Advantage: The Symmetric Case;98
8.5.1;1. INTRODUCTION;98
8.5.2;2. BASIC STRUCTURE OF THE MODEL;98
8.5.3;3. LABOR ENDOWMENTS;102
8.5.4;4. THE WORLD TRANSFORMATION CURVE;105
8.5.5;5. SUMMARY AND CONCLUSIONS;110
8.5.6;REFERENCES;112
9;Part II: The Pure Theory of International Trade;114
9.1;Chapter 6. The Stolper – Samuelson Theorem, the Leamer Triangle, and the Produced Mobile Factor Structure;116
9.1.1;1. THE LEAMER TRIANGLE;117
9.1.2;2. THE PRODUCED MOBILE FACTOR STRUCTURE;120
9.1.3;3. CONCLUDING REMARKS;126
9.1.4;REFERENCES;127
9.2;Chapter 7. Variable Returns to Scale, Paradoxes, and Global Correspondences in the Theory of International Trade;129
9.2.1;1. INTRODUCTION;129
9.2.2;2. MODEL;132
9.2.3;3. COMPARATIVE STATICS;138
9.2.4;4. MARSHALLIAN STABILITY AND COMPARATIVE STATICS;141
9.2.5;5. SHORT-RUN EQUILIBRIUM, LONG-RUN EQUILIBRIUM, AND MARSHALLIAN STABILITY;143
9.2.6;6. THE MAYER–CHANG PROCESS;149
9.2.7;7. PRODUCTION POSSIBILITY FRONTIER (PPF) AND THE SUPPLY PRICE CURVE;150
9.2.8;8. THE PATTERN OF SPECIALIZATION;154
9.2.9;9. GLOBAL CORRESPONDENCE PRINCIPLE;156
9.2.10;10. CONCLUDING REMARKS;162
9.2.11;ACKNOWLEDGMENTS;172
9.2.12;REFERENCES;173
9.3;Chapter 8. International Factor Mobility and Immiserizing Growth under Variable Returns to Scale;176
9.3.1;1. INTRODUCTION;176
9.3.2;2. THE MODEL AND ASSUMPTIONS;177
9.3.3;3. STABILITY AND PRICE–OUTPUT RESPONSE;181
9.3.4;4. SPECIFIC FACTOR AND WELFARE;184
9.3.5;5. COMMON FACTOR AND WELFARE;187
9.3.6;6. CONCLUDING REMARKS;191
9.3.7;APPENDIX;191
9.3.8;REFERENCES;192
9.4;Chapter 9. Choice between Free Trade and Controlled Trade under Economies of Scale;194
9.4.1;1. INTRODUCTION;194
9.4.2;2. THE MODEL OF CLOSED ECONOMIES;195
9.4.3;3. FREE TRADE;198
9.4.4;4. CONTROLLED TRADE;204
9.4.5;ACKNOWLEDGMENTS;212
9.4.6;REFERENCES;212
10;Part III: Macroeconomic Issues;214
10.1;Chapter 10. Exchange Rates, the Terms of Trade, and the Current Account;216
10.1.1;1. INTRODUCTION;216
10.1.2;2. A MONETARY MODEL OF INTERNATIONAL TRADE;218
10.1.3;3. THE FOREIGN EXCHANGE MARKET AND ITS DISTURBANCES;222
10.1.4;4. STABILITY OF THE SHORT-RUN EQUILIBRIUM;225
10.1.5;6. EXCHANGE RATES AND THE CURRENT ACCOUNT;233
10.1.6;7. CONCLUDING REMARKS;238
10.1.7;APPENDIX;239
10.1.8;REFERENCES;240
10.2;Chapter 11. The Equivalence of Tariffs and Quotas under Flexible Exchange Rates in a Monetary Model;243
10.2.1;1. INTRODUCTION;243
10.2.2;2. THE MODEL;244
10.2.3;3. LONG-RUN EQUILIBRIUM;247
10.2.4;4. SHORT-RUN ADJUSTMENT PROCESS;253
10.2.5;5. EFFECTS OF AN INCREASE IN DOMESTIC MONEY STOCK;256
10.2.6;6. RATIONAL EXPECTATIONS;259
10.2.7;7. CONCLUDING REMARKS;261
10.2.8;APPENDIX;262
10.2.9;ACKNOWLEDGMENTS;263
10.2.10;REFERENCES;263
10.3;Chapter 12. The Short-Run Price–Quantity Adjustments in a Simple Two-Sector World Model;265
10.3.1;1. INTRODUCTION;265
10.3.2;2. THE PRIMARY SECTOR;267
10.3.3;3. THE INDUSTRIAL SECTOR;270
10.3.4;4. A SIMPLE TWO-SECTOR MODEL OF THE WORLD ECONOMY;272
10.3.5;5. EFFECTS OF MACROECONOMIC POLICIES IN THE INDUSTRIAL SECTOR;274
10.3.6;6. THE EFFECTS OF TECHNICAL CHANGES;279
10.3.7;7. CONCLUDING REMARKS;281
10.3.8;REFERENCES;282
11;Part IV: Mathematical Methods and International Trade Theory;284
11.1;Chapter 13. Cyclical International Capital Flows;286
11.1.1;1. INTRODUCTION;286
11.1.2;2. THE MODEL;286
11.1.3;3. CONCLUDING REMARKS;293
11.1.4;APPENDIX;294
11.1.5;REFERENCES;294
11.2;Chapter 14. Factor Price Equalization;296
11.2.1;1. INTRODUCTION;296
11.2.2;2. FPE UNDER KUHN'S INTENSITY HYPOTHESIS;297
11.2.3;3. FPE WITH ENDOWMENTS;299
11.2.4;ACKNOWLEDGMENT;304
11.2.5;REFERENCES;304
11.3;Chapter 15. The Stability of Dynamic Processes with Instantaneous Adjustment and the PureTheory of International Trade;306
11.3.1;1. INTRODUCTION;306
11.3.2;2. THE DIFFERENTIAL EQUATION SYSTEM WITH INSTANTANEOUS ADJUSTMENT;307
11.3.3;3. QUANTITY ADJUSTMENT PROCESSES IN INTERNATIONAL TRADE;308
11.3.4;4. QUANTITY ADJUSTMENT PROCESSES BY FACTOR MOVEMENT;311
11.3.5;ACKNOWLEDGMENTS;314
11.3.6;REFERENCES;315
12;Subject Index;316
13;Economic Theory, Econometrics, and Mathematical Economics;324