Advanced International Trade
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Advanced International Trade

Theory and Evidence - Second Edition

Robert C. Feenstra

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eBook - PDF

Advanced International Trade

Theory and Evidence - Second Edition

Robert C. Feenstra

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About This Book

Trade is a cornerstone concept in economics worldwide.This updated second edition of the essential graduate textbook in international tradebrings 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 In addition to known results, the book looks at some particularly important unpublished results by various authors.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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Information

Publisher
Princeton University Press
Year
2015
ISBN
9781400873760
Edition
2
Topic
Economía
Subtopic
Teoría económica
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)?

Table of contents