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Trade Theory, Analytical Models and Development
Essays in Honour of Peter Lloyd, Volume I
9781843763642 Edward Elgar Publishing
Trade Theory, Analytical Models and Development, comprises 11 essays offering new contributions on the following topics: trade and wages; factor endowments, factor mobility and political economy of trade; optimality of tariffs; measurement of welfare; customs union theory; endogenous mergers and tariffs; intra-industry trade; state trading enterprises and trade liberalisation; general equilibrium effects of e-Commerce, and trade; economic growth with production and consumption externalities; and environmental pollution and resource degradation.
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Critical Acclaim
Contributors
Contents
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The two volumes incorporate major new papers contributed by leading international economists, on a range of topics that reflect the breadth of Professor Lloyd’s own distinguished contributions to the field of international trade and policy during a career spanning over four decades.
This first volume, Trade Theory, Analytical Models and Development, comprises 11 essays offering new contributions on the following topics:
• trade and wages
• factor endowments, factor mobility and political economy of trade
• optimality of tariffs
• measurement of welfare
• customs union theory
• endogenous mergers and tariffs
• intra-industry trade
• state trading enterprises and trade liberalisation
• general equilibrium effects of e-Commerce, and trade
• economic growth with production and consumption externalities
• environmental pollution and resource degradation.
The diversity of the topics covered by the contributors will appeal to international economists, and particularly to those with an interest in international trade theory and applications.
This first volume, Trade Theory, Analytical Models and Development, comprises 11 essays offering new contributions on the following topics:
• trade and wages
• factor endowments, factor mobility and political economy of trade
• optimality of tariffs
• measurement of welfare
• customs union theory
• endogenous mergers and tariffs
• intra-industry trade
• state trading enterprises and trade liberalisation
• general equilibrium effects of e-Commerce, and trade
• economic growth with production and consumption externalities
• environmental pollution and resource degradation.
The diversity of the topics covered by the contributors will appeal to international economists, and particularly to those with an interest in international trade theory and applications.
Critical Acclaim
‘These two volumes, ably organised and edited by Sisira Jayasuriya, are a fitting testimony to the remarkable and consistently high academic productivity of Professor Peter Lloyd over almost four decades. . . The contents are organised around his many and diverse contributions to the fields of international trade theory and policy. . . An excellent short introduction by Sisira Jayasuriya summarises the evolution of Peter Lloyd’s academic career from a “boy from the bush” in New Zealand to a pre-eminent trade economist.’
– Bulletin of Indonesian Economic Studies
‘This is a superb compilation of papers by leading economists on a well-chosen range of topics in international economics. The collection as a whole offers a good balance of theory, quantitative analysis and policy. A fitting tribute to a great economist – Peter Lloyd, and a must read for academic economists and practitioners alike.’
– Prema-chandra Athukorala, Australian National University
‘Peter Lloyd has been a prolific and influential contributor to international trade theory and to rigorous policy analysis in several fields, mostly in applied microeconomics. Here is an impressive collection of papers on trade theory and his other interests by leading economists written in his honour.’
– W. Max Corden, The Johns Hopkins University, US
‘33 distinguished contributors spread across four continents are to be congratulated for these high-quality and stimulating sets of essays. The range of issues covered is remarkably comprehensive: trade theory and policy; trade and market structure; WTO issues, trade negotiations and regional integration; trade and poverty; political economy; and empirical investigations. The essays are a fitting testimony to the consistently creative, rigorous and path-breaking work of Peter Lloyd in these and related areas over a period spanning nearly 40 years.’
– Hal Hill, Australian National University
– Bulletin of Indonesian Economic Studies
‘This is a superb compilation of papers by leading economists on a well-chosen range of topics in international economics. The collection as a whole offers a good balance of theory, quantitative analysis and policy. A fitting tribute to a great economist – Peter Lloyd, and a must read for academic economists and practitioners alike.’
– Prema-chandra Athukorala, Australian National University
‘Peter Lloyd has been a prolific and influential contributor to international trade theory and to rigorous policy analysis in several fields, mostly in applied microeconomics. Here is an impressive collection of papers on trade theory and his other interests by leading economists written in his honour.’
– W. Max Corden, The Johns Hopkins University, US
‘33 distinguished contributors spread across four continents are to be congratulated for these high-quality and stimulating sets of essays. The range of issues covered is remarkably comprehensive: trade theory and policy; trade and market structure; WTO issues, trade negotiations and regional integration; trade and poverty; political economy; and empirical investigations. The essays are a fitting testimony to the consistently creative, rigorous and path-breaking work of Peter Lloyd in these and related areas over a period spanning nearly 40 years.’
– Hal Hill, Australian National University
Contributors
Contributors: M. Amiti, I. Coxhead, P.B. Dixon, R. Falvey, D. Greenaway, S. Jayasuriya, R.W. Jones, K. Kawamata, W.F. Liu, D. MacLaren, S. McCorriston, M. Melatos, C. Milner, M.T. Rimmer, R.J. Ruffin, A.G. Schweinberger, S.J. Turnovsky, A. Woodland
Contents
Contents: Introduction Part I: Real Trade Theory 1. Real Wages and Trends: Insights from Extreme Examples 2. The Factor Scarcity (Abundance) Hypothesis, Factor Mobility, and the Political Economy of International Trade Policy Part II: Theory of Trade Policy 3. Are Uniform Tariffs Optimal? 4. On the Measurement of Welfare Changes at Second-best Optima 5. Pareto-Optimal Customs Unions with Transfers Part III: Trade and Market Structure 6. Endogenous Mergers and Tariffs in an Integrated Market 7. What Have We Learned from a Generation’s Research on Intra-Industry Trade? 8. Reforming Trade-distorting State Trading Enterprises Part IV: New Applications of Trade Theory 9. Consumption and Production Externalities in a Small Open Economy with Accumulating Capital 10. Explaining a Dynamic CGE Simulation with a Trade-focused Back-of-the-Envelope Analysis: The Effects of eCommerce on Australia 11. Trade Liberalization, Resource Degradation and Industrial Pollution in Developing Countries Index
