Download or read book Globalisation Comparative Advantage and the Changing Dynamics of Trade written by OECD and published by OECD Publishing. This book was released on 2011-10-20 with total page 351 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book collects OECD work that builds on recent contributions to the theory and empirics of comparative advantage, putting particular emphasis on the role policy can play in shaping trade.

Download or read book Sources of International Comparative Advantage written by Edward E. Leamer and published by MIT Press (MA). This book was released on 1984 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first book to present a clear empirical picture of the international exchange of goods and of the resources that account for the exchanges that occur. It fully articulates the Heckscher-Ohlin theory of international comparative advantage, in which a country's factor endowments (land, labor, capital) play a crucial role in determining trade patterns. The theory is carefully link to the book's analysis. Using tables, graphs, and econometric data summaries, Learner describes the patterns of trade and the patterns of resource supplies of fifty-nine countries and explains these trade patterns in terms of the abundance of eleven resources. His study should create a standard by which other data analyses will be judged in the future. Edward E. Learner is Professor of Economics at the University of California at Los Angeles.

Download or read book On the Theory and Measurement of Comparative Advantage written by Olga Memedović and published by . This book was released on 1994 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a thoroughly revised, in-depth analysis of the American presidency by a major scholar in the field. The main goal of the text is to explain how the president's ability to implement policy is circumscribed by several major factors: *the Madisonian separation of powers; *the decentralized power structure in Congress; *the number of cross-party coalitions needed to pass legislation; *a slow-moving federal bureaucracy; and *the powerful influence of special interest groups opposed to many presidential initiatives. Included in this second edition is coverage of the first two years of the Clinton presidency and a special chapter on the emergence of the presidential branch—the White House staff—and its displacement of the cabinet and the executive departments as the foremost decision-making agents in the federal government (a unique chapter not found in other texts). Since highly unstable relations between the president and congress have become the hallmark of our national government, especially in this era of divided government, a new chapter on the president and congress has been added to the text. The growing role of the vice president, an original chapter in the first edition, has been expanded and updated to include the Gore vice presidency. The chapter on proposed reforms of the presidency received wide approval in the first edition. In the second edition special attention is devoted to the proposal to abolish the Electoral College and replace it with direct election of the president. This edition focuses heavily on the activist presidential leadership of the modern presidency, but notes its perishable nature. High presidential approval ratings, as George Bush demonstrated, cannot be stockpiled or deposited in the bank, to be drawn upon later. Along the way the author makes several major points: 1. the excessive demands that the American public imposes on its presidents threaten to turn the nation's highest office into a series of one-term presidents; 2. the decline of political parties as vehicles for mobilizing presidential support has forced the nation's chief executive to go over the heads of congress and directly to the public to solicit support for his policies; and 3. the emerging dangers of electronic democracy and national referenda and the potential rise of a plebiscitary president all pose more imminent threats to our shared powers system than most presidential-watchers have been willing to concede.

Download or read book Power Laws in Firm Size and Openness to Trade written by Mr.Andrei A. Levchenko and published by International Monetary Fund. This book was released on 2010-04-01 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: Existing estimates of power laws in firm size typically ignore the impact of international trade. Using a simple theoretical framework, we show that international trade systematically affects the distribution of firm size: the power law exponent among exporting firms should be strictly lower in absolute value than the power law exponent among non-exporting rms. We use a dataset of French firms to demonstrate that this prediction is strongly supported by the data. While estimates of power law exponents have been used to pin down parameters in theoretical and quantitative models, our analysis implies that the existing estimates are systematically lower than the true values. We propose two simple ways of estimating power law parameters that take explicit account of exporting behavior.

Download or read book On the Measurement of Comparative Advantage written by Alex Roelof Hoen and published by . This book was released on 2004 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Comparative Advantage Growth and the Gains from Trade and Globalization written by Robert M. Stern and published by World Scientific. This book was released on 2011 with total page 716 pages. Available in PDF, EPUB and Kindle. Book excerpt: Alan Deardorff was 65 years old on June 6, 2009. To celebrate this occasion, a Festschrift in his honor was held on October 2OCo3, 2009, in the Rackham Amphitheater at the University of Michigan in Ann Arbor. The Festschrift was entitled OC Comparative Advantage, Economic Growth, and the Gains from Trade and Globalization: A Festschrift in Honor of Alan V Deardorff.OCO It was co-organized by two of Professor Deardorff''s former students, Drusilla Brown of Tufts University and Robert Staiger of Stanford University, together with Robert Stern representing the University of Michigan. The first day of the Festschrift involved a series of panels in which invited participants reflected on Professor Deardorff''s contributions, including his writings on: comparative advantage; trade and growth; the gains from trade and globalization; and computational modeling and trade policy analysis. The panel participants prepared written comments, setting out their evaluation of Professor Deardorff''s contributions combined with their own thoughts on the current state of knowledge and analysis of the particular topic. At the end of the first day, Paul Krugman of Princeton University and The New York Times delivered a Citigroup Foundation Special Lecture entitled OC Reflections on Globalization: Yesteryear and Today.OCO All of these papers and Krugman''s lecture are contained in the volume."

Download or read book Evolution of Comparative Advantage written by Chungsoo Kim and published by . This book was released on 1983 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Comparative Advantage and Heterogeneous Firms written by Andrew B. Bernard and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines how country, industry and firm characteristics interact in general equilibrium to determine nations' responses to trade liberalization. When firms possess heterogeneous productivity, countries differ in relative factor abundance and industries vary in factor intensity, falling trade costs induce reallocations of resources both within and across industries and countries. These reallocations generate substantial job turnover in all sectors, spur relatively more creative destruction in comparative advantage industries than comparative disadvantage industries, and magnify ex ante comparative advantage to create additional welfare gains from trade. The relative ascendance of high-productivity firms within industries boosts aggregate productivity and drives down consumer prices. In contrast with the neoclassical model, these price declines dampen and can even reverse the real wage losses of scarce factors as countries liberalize.

Download or read book Topics in Empirical International Economics written by Magnus Blomstrom and published by University of Chicago Press. This book was released on 2009-02-15 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this timely volume emanating from the National Bureau of Economic Research's program in international economics, leading economists address recent developments in three important areas. The first section of the book focuses on international comparisons of output and prices, and includes papers that present new measures of product market integration, new methodology to infer relative factor price changes from quantitative data, and an ongoing capital stock measurement project. The next section features articles on international trade, including such significant issues as deterring child labor exploitation in developing countries, exchange rate regimes, and mapping U. S. comparative advantage across various factors. The book concludes with research on multinational corporations and includes a discussion of the long-debated issue of whether growth of production abroad substitutes for or is complementary to production growth at home. The papers in the volume are dedicated to Robert E. Lipsey, who for more than a half century at the NBER, contributed significantly to the broad field of empirical international economics.

Download or read book Free Trade and Absolute and Comparative Advantage written by Reinhard Schumacher and published by Universitätsverlag Potsdam. This book was released on 2012 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis deals with two theories of international trade: the theory of comparative advantage, which is connected to the name David Ricardo and is dominating current trade theory, and Adam Smith’s theory of absolute advantage. Both theories are compared and their assumptions are scrutinised. The former theory is rejected on theoretical and empirical grounds in favour of the latter. On the basis of the theory of absolute advantage, developments of free international trade are examined, whereby the focus is on trade between industrial and underdeveloped countries. The main conclusions are that trade patterns are determined by absolute production cost advantages and that the gap between developed and poor countries is not reduced but rather increased by free trade.

Download or read book Comparative Advantage written by A. Webster and published by . This book was released on 1989 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Some Issues in the Measurement of Comparative Advantage written by A. Webster and published by . This book was released on 1989 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Spatial Change and Interregional Flows in the Integrating Europe written by Johannes Bröcker and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: Within the broad frame of regional research in an international perspective, the contributions of this volume present new theoretical, methodological and empirical results as well as political strategies for the following topics: - ecomomic integration in the Baltic rim, - innovation and regional growth, - economic integration, trade and migration, - transport infrastructure and the regions. Most of the topics deal with the long-term integration process in Europe, with a particular focus on the North European and Baltic Sea integration.

Download or read book 200 Years of Ricardian Trade Theory written by Ronald W. Jones and published by Springer. This book was released on 2017-11-30 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a comprehensive and insightful reflection on David Ricardo’s ingenious theory of international trade. Divided into three parts, Part I presents the “birthday boy”, his concept and the many applications and insights that have been derived from it, particularly in modern times. Part II explores in depth important aspects of the Ricardian trade theory through the eyes and experience of leading experts on international trade theory, taking into account the latest research in the field. Lastly, Part III discusses current challenges of globalization in the light of Ricardian trade theory and includes the original "On Foreign Trade" written and published by David Ricardo in 1817.

Download or read book Comparative Advantage written by A. Webster and published by . This book was released on 1989 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Some Issues in the Measurement of Comparative Advantage written by Allan D. Webster and published by . This book was released on 1989 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Does What You Export Matter written by Daniel Lederman and published by World Bank Publications. This book was released on 2012-06-18 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: Does what economies export matter for development? If so, can industrial policies improve on the export basket generated by the market? This book approaches these questions from a variety of conceptual and policy viewpoints. Reviewing the theoretical arguments in favor of industrial policies, the authors first ask whether existing indicators allow policy makers to identify growth-promoting sectors with confidence. To this end, they assess, and ultimately cast doubt upon, the reliability of many popular indicators advocated by proponents of industrial policy. Second, and central to their critique, the authors document extraordinary differences in the performance of countries exporting seemingly identical products, be they natural resources or 'high-tech' goods. Further, they argue that globalization has so fragmented the production process that even talking about exported goods as opposed to tasks may be misleading. Reviewing evidence from history and from around the world, the authors conclude that policy makers should focus less on what is produced, and more on how it is produced. They analyze alternative approaches to picking winners but conclude by favoring 'horizontal-ish' policies--for instance, those that build human capital or foment innovation in existing and future products—that only incidentally favor some sectors over others.