Economic Theory and International Trade

Hardback

Economic Theory and International Trade

Essays in Honour of Murray C. Kemp

9781840642940 Edward Elgar Publishing
Edited by Alan D. Woodland, Professor and Australian Professorial Fellow, School of Economics, Australian School of Business, The University of New South Wales, Australia
Publication Date: 2002 ISBN: 978 1 84064 294 0 Extent: 352 pp
Economic Theory and International Trade begins with an examination of classical trade theory and welfare economics. It goes on to discuss international trade policy, including international trading agreements, taxation, tariffs and quotas. Attention then turns to the role of market structure in joint ventures, innovation, tariff policy and political economy. The final section is devoted to economic dynamics and international economics, with an emphasis on learning mechanisms, sustainable growth and immigration.

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This volume addresses important issues in economic theory and international trade with contributions from internationally renowned researchers – including some of Murray C. Kemp’s many colleagues and former students.

Economic Theory and International Trade begins with an examination of classical trade theory and welfare economics. It goes on to discuss international trade policy, including international trading agreements, taxation, tariffs and quotas. Attention then turns to the role of market structure in joint ventures, innovation, tariff policy and political economy. The final section is devoted to economic dynamics and international economics, with an emphasis on learning mechanisms, sustainable growth and immigration.

This book will be indispensable to academics and graduate students in the area of international trade. Economic theorists and international trade specialists such as research units and researchers in government will also find this book of great interest.
Contributors
Contributors: C. Chiarella, P. Gangopadhyay, J.S. Gans, H. Herberg, S. Katayama, M.C. Kemp, A. Khomin, Y. Kimura, K. Kondoh, W.-f. Leung, S. Ng, Y.-K. Ng, T. Ohkawa, H. Ohta, M. Ohyama, M. Okamura, M. Okawa, K. Okuguchi, A.G. Schweinberger, K. Shimomura, R. Stonecash, M. Tawada, B. Tran-Nam, C.N. Truong, A.H. Turunen-Red, Y. Uekawa, N. Van Long, H.Wan Jr., K.-y. Wong, A.D. Woodland
Contents
Contents: Introduction Publications of Murray C. Kemp from 1992 Part I: Classical Trade Theory 1. A New Approach to the Theory of International Trade under Increasing Returns: The Two-Commodities Case 2. On the Shape of Production Possibility Loci under Variable Returns to Scale: The n Commodity m Factor Case 3. A Second Correspondence Principle 4. The Welfare Economics of Encouraging More Births Part II: International Trade Policy 5. The Economic Significance of the GATT/WTO Rules 6. Are Special Economic Zones Desirable? 7. Redistributive Taxation in Closed and Open Economies 8. Unilateral Reforms of Trade and Environmental Policy 9. Quotas, Voluntary Export Restraints and Welfare Part III: Market Structure 10. International Joint Ventures, Moral Hazards and Technology Spillovers 11. The Innovation and Market Structure in General Equilibrium 12. Imperfect Substitutes and Strategic Trade Policies under Cournot Duopoly 13. Comparative Static Analysis for Cournot Oligopoly 14. Endogenous Timing and Welfare in the Game of Trade Policies under International Oligopoly 15. Politics and the Nature of Competition in Oligopolistic Markets Part IV: Economic Dynamics 16. Learning in a Generalised Dornbusch Model of Exchange Rate Dynamics 17. International Immigration, Non-Traded Goods and Economic Welfare in an Overlapping Generations Model 18. The Environment, Externalities and Sustainable Growth in an Overlapping Generations Model 19. Why Trade Matters to Development: A Learning Model 20. The Effects of Growth of its Trading Partners on Malaysia Index

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