Download or read book Black Hole Tariffs and Endogenous Policy Theory written by Stephen P. Magee and published by Cambridge University Press. This book was released on 1989-08-25 with total page 466 pages. Available in PDF, EPUB and Kindle. Book excerpt: An example of special interest protection is provided by this study's general equilibrium theory that explains income distribution with goods markets, factor markets, lobbies, political parties and voters all pursuing their self interests.

Download or read book Tariff Determination in the General Equilibrium of a Political Economy written by Hom Moorti Pant and published by Routledge. This book was released on 2019-05-23 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1997, this volume builds an economic model in which a model of the policy-formation process was grafted onto an economic model of the traditional kind. Politics are not made in a vacuum; they have their basis in the politico-economic system which economists have been modelling and analysing for a very long time. For economists, government policies are particularly important as they determine the environment within which all agents make their choices and the way in which the market allocates resources. Through an examination of tariffs and an equilibrium model of the economic sphere of a small open political economy, Hom Moorti Pant aims to explore some of the reasons and effects of government policy decisions on the economy.

Download or read book The Political Economy of Trade Policy written by Devashish Mitra and published by World Scientific Publishing Company. This book was released on 2016-03-11 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Political Economy of Trade Policy: Theory, Evidence and Applications is a collection of sole-authored and co-authored papers by Devashish Mitra that have been published in various scholarly journals over the last two decades. It covers diverse topics in the political economy of trade policy, ranging from the role of modeling lobby formation in the context of trade policy determination to its applications to the question of unilateralism versus reciprocity and trade agreements. It also includes the theory and the empirics of the choice of policy instruments. Finally, the book presents the empirical investigation of the Grossman-Helpman “Protection for Sale” model as well as the Mayer “Median-Voter” model of trade policy determination.

Download or read book International Trade Theory and Policy written by Giancarlo Gandolfo and published by Springer Science & Business Media. This book was released on 2013-08-13 with total page 669 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the present text the author deals with both conventional and new approaches to trade theory and policy, treating all important research topics in international economics and clarifying their mathematical intricacies. The textbook is intended for undergraduates, graduates and researchers alike. It addresses undergraduate students with extremely clear language and illustrations, making even the most complex trade models accessible. In the appendices, graduate students and researchers will find self-contained treatments in mathematical terms. The new edition has been thoroughly revised and updated to reflect the latest research on international trade.

Download or read book Organized Interests and Self regulation written by Bernardo Bortolotti and published by Oxford University Press, USA. This book was released on 1999 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collected volume studies the role of organized interests in collective decision-making and the emergence of self-regulation. In democratic settings, organized interests play a role at the legislative stage, affecting the outcome through lobbying activity. While pressure groups andlobbying are a traditional topic in public choice theory, the incentives to maintain private rules and enforcement through self-regulation is a less developed research area in political economy. The book provides a balanced mix of theoretical and empirical papers in traditional public choice,addressing the issues of how organized interest affect legislation and self-regulation, investigating the incentives and the problems related to the private enforcement of law.

Download or read book The Political Economy of Trade Policy written by Robert C. Feenstra and published by MIT Press. This book was released on 1996 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of papers by former students and colleagues celebrates the profound impact that Jagdish Bhagwati has had on the field of international economics over the past three decades. Bhagwati, who is the Arthur Lehman Professor of Economics at Columbia University, has made pathbreaking contributions to the theory of international trade and commercial policy, including immiserizing growth, domestic distortions, economic development, and political economy. His success and influence as a teacher and mentor is widely recognized among students at both MIT and Columbia, and as founder of the Journal of International Economics, he has encouraged research on many questions of theoretical and policy relevance. The political economy of trade policy, Bhagwati's most recent area of interest, is the theme of this collection which addresses salient topics including market distortions, income distribution, and the political process of policy-making. Sections and Contributors Market Distortions, T. N. Srinivasan. Paul A. Samuelson. Paul R. Krugman * Trade and Income Distribution, Douglas A. Irwin. Richard A. Brecher and Ehsan U. Choudri. Robert C. Feenstra and Gordon H. Hanson. Earl L. Grinols * Perspectives on Political Economy, Robert E. Baldwin. Peter Diamond * Models of Political Economy and Trade, Gene M. Grossman and Elhana Helpman. John Douglas Wilson. B. Peter Rosendorff. Arvind Panagariya and Ronald Findlay

Download or read book Loss Aversion and Trade Policy written by Caroline L. Freund and published by World Bank Publications. This book was released on 2004 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Freund and Özden provide new survey evidence showing that loss aversion and reference dependence are important in shaping people's perception of trade policy. Under the assumption that agents' welfare functions exhibit these behavioral elements, they analyze a model with a welfare-maximizing government and with the lobbying framework of Grossman and Helpman (1994). The policy implications of the augmented models differ in three important ways: There is a region of compensating protection, where a decline in the world price leads to an offsetting increase in protection, such that a constant domestic price is maintained; Protection following a single negative price shock will be persistent; Irrespective of the extent of lobbying, there will be a deviation from free trade that tends to favor loss-making industries. The augmented models are more consistent with the observed structure of protection and, in particular explain why many trade policy instruments are explicitly designed to maintain prices at a given level. This paper-- a product of the Trade Team, Development Research Group-- is part of a larger effort in the group to analyze trade policy formulation"-- World Bank web site.

Download or read book Interest Groups and Trade Policy written by Gene M. Grossman and published by Princeton University Press. This book was released on 2020-10-06 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: Gene Grossman and Elhanan Helpman are widely acclaimed for their pioneering theoretical studies of how special interest groups seek to influence the policymaking process in democratic societies. This collection of eight of their previously published articles is a companion to their recent monograph, Special Interest Politics. It clarifies the origins of some of the key ideas in their monograph and shows how their methods can be used to illuminate policymaking in a critical area. Following an original introduction to the contents of the book and its relationship to Special Interest Politics, the first three chapters focus on campaign contributions and candidate endorsements--two of the tools that interest groups use in their efforts to influence policy outcomes. The remaining chapters present applications to trade policy issues. Grossman and Helpman demonstrate how the approaches developed in their monograph can shed light on tariff formation in small and large countries, on the conduct of multilateral trade negotiations, and on the viability of bilateral free trade agreements. They also examine the forms that regional and multilateral trade agreements are likely to take and the ways in which firms invest abroad to circumvent trade barriers induced by political pressures. The articles collected in this volume are required reading for anyone interested in international relations, trade policy, or political economy. They show why Grossman and Helpman are global leaders in the fields of international economics and political economy.

Download or read book Development and Democracy written by Sunder Ramaswamy and published by UPNE. This book was released on 2003 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: An interdisciplinary and cross-cultural conversation about development and democracy worldwide.

Download or read book The Nafta Puzzle written by Charles Doran and published by Routledge. This book was released on 2019-06-21 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: The editors would like to thank the Donner Foundation, the Draeger Foundation, and the Government of Canada for their timely and generous support of this study. The study was initiated by the editors as part of the research program of the Center of Canadian Studies at the Paul H. Nitze School of Advanced International Studies, The Johns Hopkins University, Washington, D.C., and the emerging affiliated program in North American Studies. Particular appreciation goes to Dr. Barbara G. Doran for the final editing of the entire manuscript. In addition to the individuals acknowledged in each of the chapters, the editors thank those scholars who helped guide the project at various times with constructive criticism and discussion: Tom Barnes, Robert Bothwell, Reuven Brenner, David Calleo, Colin Campbell, Benjamin Ginsberg, Judith Goldstein, Peter Katzenstein, Allan Kornberg, Jonathan Lemco, Seymour Martin Lipset, Charles Lipson, Charles Pearson, Richard Rosecrance, and Sidney Weintraub.

Download or read book Trade Innovation Environment written by Carlo Carraro and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 407 pages. Available in PDF, EPUB and Kindle. Book excerpt: The research projects at Fondazione Mattei have for some time now been dealing with the international dimension of environmental policy. Indeed, most environ mental phenomena have international implications, which stem from a number of factors: physical ones, such as the transnational or global consequences of pollution and resource conservation; technological factors, such as technological cooperation and diffusion; and economic factors, such as trad~, plant localiza tion and migrations. Even in the absence of transnational pollution, therefore, the environmental issues involve substantial interdependence among countries. This volume, edited by Carlo Carraro, presents some of the research which we carried out in international environmental policy, focusing on the relationship between trade, innovation and the environment. The papers in part one discuss the impact of international trade and institu tions on environmental resources. Those in part two deal with the importance of innovation when attempting to solve the major environmental problems. The papers in part three, finally, focus on specific policy issues stressing the impor tance of institutions and property rights. The whole set of contributions can be seen as progress in environmental economics. The different chapters highlight the close relationship between envi ronmental issues and economic development and they merge the literature on the environment with the literature on innovation, economic growth, trade, plant localization, institutions, etc.

Download or read book New Directions in Trade Theory written by James Levinsohn and published by University of Michigan Press. This book was released on 1995 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt: Develops ideas and offers new approaches to the topic of trade theory.

Download or read book The Clash of Liberalizations Preferential Versus Multilateral Trade Liberalization in the European Union written by Nuno Limão, Baybars Karacaovali and published by World Bank Publications. This book was released on 2005 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: "There has been an explosion in the number of preferential trade agreements in the past decade. Preferential trade agreements are characterized by liberalization with respect to only a few partners and thus they can potentially clash with and retard multilateral trade liberalization. Despite this important concern with preferential trade agreements, there is almost no systematic evidence on whether they actually affect multilateral trade liberalization. Karacaovali and Limô model the effect of preferential trade agreements on multilateral trade liberalization and show that preferential trade agreements slow down multilateral trade liberalization unless they have a common external tariff and allow for internal transfers. Next, they use detailed data on product-level tariffs negotiated by the European Union in the past two multilateral trade rounds to structurally estimate their model. The authors confirm the main prediction--the European Union's preferential trade agreements have clashed with its multilateral trade liberalization--and find that the effect is quantitatively significant. Moreover, they also confirm several auxiliary predictions of the model and provide new evidence on the political economy determinants of multilateral liberalization in the European Union. This paper--a product of the Trade Team, Development Research Group--is part of a larger effort in the group to understand the interaction between preferential and multilateral liberalization"--World Bank web site.

Download or read book The Princeton Encyclopedia of the World Economy Two Volume Set written by Kenneth A. Reinert and published by Princeton University Press. This book was released on 2009 with total page 1338 pages. Available in PDF, EPUB and Kindle. Book excerpt: Increasing economic globalization has made understanding the world economy more important than ever. From trade agreements to offshore outsourcing to foreign aid, this two-volume encyclopedia explains the key elements of the world economy and provides a first step to further research for students and scholars in public policy, international studies, business, and the broader social sciences, as well as for economic policy professionals. Written by an international team of contributors, this comprehensive reference includes more than 300 up-to-date entries covering a wide range of topics in international trade, finance, production, and economic development. These topics include concepts and principles, models and theory, institutions and agreements, policies and instruments, analysis and tools, and sectors and special issues. Each entry includes cross-references and a list of sources for further reading and research. Complete with an index and a table of contents that groups entries by topic, The Princeton Encyclopedia of the World Economy is an essential resource for anyone who needs to better understand the global economy. Features: ? More than 300 alphabetically arranged articles on topics in international trade, finance, production, and economic development International team of contributors Annotated list of further reading with each article Topical list of entries Full index and cross-references Entry categories and sample topics: ? Concepts and principles: globalization, anti-globalization, fair trade, foreign direct investment, international migration, economic development, multinational enterprises Models and theory: Heckscher-Ohlin model, internalization theory, New Trade Theory, North-South trade, Triffin dilemma Institutions and agreements: European Union, International Monetary Fund, World Trade Organization, World Bank, Doha Round, international investment agreements Policies and instruments: dollar standard, international aid, sanctions, tariffs Analysis and tools: exchange rate forecasting, effective protection, monetary policy rules Sectors and special issues: child labor, corporate governance, the digital divide, health and globalization, illegal drugs trade, petroleum, steel

Download or read book The Encyclopedia of Public Choice written by Charles Rowley and published by Springer Science & Business Media. This book was released on 2008-01-25 with total page 1142 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Encyclopedia provides a detailed and comprehensive account of the subject known as public choice. However, the title would not convey suf- ciently the breadth of the Encyclopedia’s contents which can be summarized better as the fruitful interchange of economics, political science and moral philosophy on the basis of an image of man as a purposive and responsible actor who pursues his own objectives as efficiently as possible. This fruitful interchange between the fields outlined above existed during the late eighteenth century during the brief period of the Scottish Enlightenment when such great scholars as David Hume, Adam Ferguson and Adam Smith contributed to all these fields, and more. However, as intell- tual specialization gradually replaced broad-based scholarship from the m- nineteenth century onwards, it became increasingly rare to find a scholar making major contributions to more than one. Once Alfred Marshall defined economics in neoclassical terms, as a n- row positive discipline, the link between economics, political science and moral philosophy was all but severed and economists redefined their role into that of ‘the humble dentist’ providing technical economic information as inputs to improve the performance of impartial, benevolent and omniscient governments in their attempts to promote the public interest. This indeed was the dominant view within an economics profession that had become besotted by the economics of John Maynard Keynes and Paul Samuelson immediately following the end of the Second World War.

Download or read book Palgrave Handbook of International Trade written by David Greenaway and published by Springer. This book was released on 2016-11-09 with total page 711 pages. Available in PDF, EPUB and Kindle. Book excerpt: International trade is the core foundation of globalisation. This current and up-to-date volume brings together the finest academics working in the field today, containing contributions in key areas of policy research, such as, modelling frameworks, trade policy, trade and migration, trade and the environment, trade and unemployment.

Download or read book International Economics written by Rajat Acharyya and published by Oxford University Press. This book was released on 2023-02-17 with total page 657 pages. Available in PDF, EPUB and Kindle. Book excerpt: Complementing trade theories with relevant trade empirics, this book covers three aspects of the study of International Economics: pure theory of trade, trade policy, and theory of Balance of Payments (BoP) and exchange rate. In the first part, it discusses the basic principles of international trade between dissimilar countries as well as between similar countries, and implications thereof in terms of welfare, income distribution, and growth. The approach taken here is distinctly different from that in most of the existing textbooks on international economics. Instead of model-specific discussions of the basic issues, it discusses the basic principles governing trade, gains from trade, and characteristics of international equilibrium in the context of a general trading environment of open economies. Subsequently, specific models of trade are introduced as alternative theoretical explanations for the basic principles of trade. In the second part, a wide range of policy issues are analysed including unilateral trade restrictions and promotions; reciprocatory trade policy choices through regionalism; product standards that regulate trade between developed and developing countries; and implications of capital inflow, FDI, fragmentation, and global value chains. In the third part, the book discusses different currency and exchange rate regimes and their implications for a country's balance of payments and foreign exchange reserves. Drawing upon the basic theories, it studies expenditure-reducing and expenditure-switching policies to correct for BoP imbalances under a pegged exchange rate regime. Finally, some reflections on the choice of exchange rate regime and optimum currency area wind up discussions of monetary issues in international economics.