eBook - PDF

Advanced International Trade

Name: Advanced International Trade
ISBN: 9781400873760

Theory and Evidence - Second Edition

Robert C. Feenstra,

496 pages
English
PDF
Available on iOS & Android

eBook - PDF

Advanced International Trade

Theory and Evidence - Second Edition

Robert C. Feenstra,

About this book

Trade is a cornerstone concept in economics worldwide. This updated second edition of the essential graduate textbook in international trade brings readers to the forefront of knowledge in the field and prepares students to undertake their own research. In Advanced International Trade, Robert Feenstra integrates the most current theoretical approaches with empirical evidence, and these materials are supplemented in each chapter by theoretical and empirical exercises.

Feenstra explores a wealth of material, such as the Ricardian and Heckscher-Ohlin models, extensions to many goods and factors, and the role of tariffs, quotas, and other trade policies. He examines imperfect competition, offshoring, political economy, multinationals, endogenous growth, the gravity equation, and the organization of the firm in international trade. Feenstra also includes a new chapter on monopolistic competition with heterogeneous firms, with many applications of that model. In addition to known results, the book looks at some particularly important unpublished results by various authors. Two appendices draw on index numbers and discrete choice models to describe methods applicable to research problems in international trade.

Completely revised with the latest developments and brand-new materials, Advanced International Trade is a classic textbook that will be used widely by students and practitioners of economics for a long time to come.

Updated second edition of the essential graduate textbook
Current approaches and a new chapter on monopolistic competition with heterogeneous firms
Supplementary materials in each chapter
Theoretical and empirical exercises
Two appendices describe methods for international trade research

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Yes, you can access Advanced International Trade by Robert C. Feenstra in PDF and/or ePUB format, as well as other popular books in Economics & Economic Theory. We have over one million books available in our catalogue for you to explore.

Information

Publisher

Princeton University Press

Year

2015

Print ISBN

9780691114101

eBook ISBN

9781400873760

Edition

Topic

Economics

Subtopic

Economic Theory

Index

Economics

82

•

Chapter 

3

(b)

Show 

that 

(

,

)

G

p

V

is

homogeneous 

of

degree 

one

in

endowments 

when 

(3.17) 

and

k

k

d

d

=

,

,

hold.

3.3. 

Suppose 

that 

there 

are

two

outputs, 

nontraded 

good 

1

and

traded 

good 

2,

and

three 

inputs: 

labor, 

capital, 

and

imported 

inputs. 

Assume 

that 

the

cost-share 

of

labor 

is

higher 

in

good 

1

and

the

cost-share 

of

capital 

is

higher 

in

good 

2.

e 

prices 

of

both 

outputs 

are

treated 

as

ﬁxed 

initially, 

but

the

price 

of

the

im-

ported 

input 

increases.

(a)

Write 

down 

the

zero-proﬁt 

conditions 

and

totally 

diﬀerentiate 

these.

(b)

Determine 

the

impact 

of

the

increase 

in

the

imported 

input 

price 

on

the

wage 

and

rental, 

assuming 

that 

the

traded 

good 

has

a

higher 

cost-share 

of

imports.

(c)

If

the

price 

of

the

nontraded 

good 

changes 

endogenously 

due

to

the

in-

crease 

in

the

price 

of

imported 

inputs, 

how

will 

this 

aﬀect 

your 

conclu-

sions 

in

(b)?

Cover
Title
Copyright
Dedication
CONTENTS
Acknowledgments
Foreword to the Second Edition
Chapter 1 Preliminaries: Two-Sector Models
Chapter 2 The Heckscher-Ohlin Model
Chapter 3 Many Goods and Factors
Chapter 4 Trade in Intermediate Inputs and Wages
Chapter 5 Monopolistic Competition and the Gravity Equation I
Chapter 6 Monopolistic Competition and the Gravity Equation II
Chapter 7 Gains from Trade and Regional Agreements
Chapter 8 Import Tariffs and Dumping
Chapter 9 Import Quotas and Export Subsidies
Chapter 10 Political Economy of Trade Policy
Chapter 11 Trade and Endogenous Growth
Chapter 12 Multinationals and Organization of the Firm
Appendix A Price, Productivity, and Terms of Trade Indexes
Appendix B Discrete Choice Models
References
Index

About this book

Frequently asked questions

Information

Table of contents