Download or read book The Growth Rate Effect of Trade in a Ricardian Model written by Amy R. Hwang and published by . This book was released on 1998 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Trade Factor Accumulation and Factor Returns in a Ricardian Model written by Amy R. Hwang and published by . This book was released on 1998 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Trade and Economic Growth written by Julia Martins and published by GRIN Verlag. This book was released on 2011-06-29 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2010 in the subject Economics - Foreign Trade Theory, Trade Policy, grade: 1,0, Vienna University of Economics and Business (Institut für Außenwirtschaft und Entwicklung), language: English, abstract: The following paper relates two of the most important economic phenomena, namely economic growth and international trade. Before analysing the relationship between two economic phenomena in detail, an overview of some of the most prominent empirical empirical studies concerning the relationship between openness to international trade and economic growth in general is provided. As most of them seem to have reached the conclusion that trade influences growth in a positive way, the question for the reasons of this presumably positive relationship arises. Factors which cause or influence economic growth in general as well as various channels through which trade might have an influence on growth are presented in the third and forth section. The importance of various sources of economic and the Solow-Model and the AK-Model are introduced in order to distinguish between long-run and short-run effects of capital accumulation, learning by doing and R&D on economic growth. The remaining analysis concentrates on one channel in particular, namely on how trade determines a country's import and export structure. The importance of the range of products a country produces is enormous and affects economic growth and welfare. The fifth section introduces the static Ricardian model of comparative advantage in order to show how productivity levels dictate the patterns of trade and determine which products a country produces depending on static productivity levels at the time a country opens up to trade. Since productivity levels do, however, not remain constant but are influenced by learning by doing and specialisation, dynamic effects of specialisation on comparative advantage should not be neglected. For this purpose, a model of dynamic comparativ

Download or read book Economic Growth with Trade in Factors of Production written by Karine Yenokyan and published by . This book was released on 2013 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the world trading equilibrium in a Ricardian model where factors of production are themselves produced and tradable rather than endowed and non-tradable, corresponding to the three-quarters of international trade that is in intermediate and capital goods. We show that trade affects economic growth purely through comparative advantage, even in the absence of technology transfer, research and development, and international investment, and also in the absence of aggregate scale effects. Trade may raise a country's growth rate or leave it unchanged. When a world balanced growth rate exists, trade always raises the growth rate of both trading partners. Otherwise, either one partner's growth rate is increased and the other is unaffected or neither partner's growth rate is affected, depending on the patterns of comparative and absolute advantage. Trade's effect on a country's growth rate depends on the nature of the imported good and not the exported good, a result contrary to the direction of many countries' export policies. Trade in factors of production effectively transfers technology by producing an equilibrium identical to that which would obtain if technology had been transferred between trading partners even though no such transfer actually occurs, which suggests that existing empirical evidence on the relation between trade and technology transfer may not be evidence that trade facilitates actual technology transfer. We show the conditions under which factor price equalization, the Stolper-Samuelson theorem, and the Rybczynski theorem hold. We perform a numerical analysis of the transition dynamics, which appear to be saddle-point stable but may be monotonic or oscillatory in converging to the balanced growth path.

Download or read book The Dance of the Dynamics written by Lei Ji and published by . This book was released on 2013 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the interaction of endogenous growth and Ricardian trade working solely through comparative advantage. The model is built to be consistent with several facts about technical progress, R&D activity, industrial organization, and trade. We obtain a full characterization of the transition dynamics and trade's welfare effects. We find that trade affects growth and that growth affects trade in ways previously unexplored. The model can explain in a single framework several observed phenomena usually analyzed separately. Beside the usual efficiency gains, trade may raise or lower initial output of either country through a cross-industry externality. More important, trade may increase or decrease the balanced growth rate of either country, with the possibility of a decrease arising from a growth-related dynamic inefficiency. Trade leads to equal growth rates for some countries but permanently unequal growth rates for others. In general, the world's distribution of growth rates may become one of 'twin peaks' with groups of countries having persistently high or low growth rates. Trade leads to effective technology transfer, with a country's growth rate being the same as if that country had adopted its trading partner's R&D technology even though no such technology transfer ever occurs. Effective technology transfer offers a new interpretation of the evidence on productivity gains from trade. Economic growth can change the trading regime endogenously by moving the world economy across the boundary of the standard Ricardian interior (complete specialization) and corner (incomplete specialization) solutions. Through its effects on economic dynamics, trade may raise or lower social welfare in the short run, the long run, or both. For all results, the model specifies the conditions under which each possible outcome occurs.

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 The export import Effect and Economic Growth written by Rodrigue Tremblay and published by . This book was released on 1985 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Lecture Notes In International Trade Theory Classical Trade And Applications written by Larry S Karp and published by World Scientific. This book was released on 2021-12-08 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lecture Notes in International Trade Theory covers classical international trade models (including the Ricardian, Ricardo Viner, and Heckscher-Ohlin-Samuelson models). The course is designed for M.Sc. and first year PhD students. It relies on both graphical and analytic methods, requiring only intermediate microeconomics and a solid grounding in calculus. The material emphasizes 'second-best' settings, where markets are imperfect. The goal is to equip students with a good enough understanding of open-economy general equilibrium relations that they understand how distortions ripple across different markets, e.g. commodity and factor markets. The Author applies these ideas to environmental and natural resource problems, including pollution 'leakage' (where pollution reductions in one country are offset by trading partners' increased pollution) and imperfect property rights. Other applications include the general equilibrium effects of commodity and trade taxes, international transfers (the 'transfer problem'), minimum wage constraints, and immiserizing growth. The Author assumes that students have some experience in formulating and answering comparative statics questions in an optimization setting. Building on these skills, and developing the idea of stability in an equilibrium setting (the Marshall Lerner condition), students learn how to formulate and answer comparative static questions in trade models.

Download or read book A Ricardian Model with a Continuum of Goods Under Nonhomothetic Preferences written by Kiminori Matsuyama and published by . This book was released on 1999 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

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 2010-08-02 with total page 1329 pages. Available in PDF, EPUB and Kindle. Book excerpt: An essential reference to all facets of the world economy 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. 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 Trade and Trade Policy in Endogenous Growth Models written by Michael Scott Taylor and published by . This book was released on 1996 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Virtual Trade and Comparative Advantage written by Sugata Marjit and published by Springer Nature. This book was released on 2020-04-09 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: The main purpose of this book is to expose economics graduate students and researchers to the most significant development in international trade that has taken place in the recent past. Service transactions now make up a sizeable portion of global trade. Trade in both final and intermediate inputs is done virtually through information and communication networks, raising afresh the question of the basis of trade and calling for in-depth investigation. This book succinctly comes up with a relatively new explanation for the basis of trade, thus it adds a new dimension to three existing building blocks: technology, endowment, and returns to scale. Against a backdrop of standard Ricardian and Heckscher–Ohlin competitive models of trade, the chapters of this book nicely introduce the issue of communication cost and the difference in time zones between two trading nations. Then follow many intricate phenomena such as informality, skill formation, growth, wage inequality, and decisions regarding foreign direct investment (FDI). However, imperfectly competitive models are not dealt with in great detail as they deserve more space than can be allotted to them here. Given the nonexistence of any research-oriented in-depth analyses of competitive trade models with time-zone differences, this book is a valuable addition to the resources available to researchers and policymakers interested in deciphering recent developments in global trade patterns and the subsequent welfare effect.

Download or read book Comparative Advantage and Growth written by David Evans and published by . This book was released on 1989 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Endogenous Technical Change and International Technology Transfer in a Ricardian Trade Model written by Thomas A. Pugel and published by . This book was released on 1980 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Growing Through Trade written by Carmen D. Álvarez-Albelo and published by . This book was released on 2015 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the role of trading partner' growth and a domestic import tariff in the possibility of growing through trade. To this purpose, a Ricardian model is developed in which a backward economy seeks to increase its long-run growth rate simply by trading with a faster growing partner. It is found that domestic growth may be either negatively affected or unaffected by a domestic import tariff, while it is always positively impacted by foreign growth. Furthermore, convergence in growth rate can emerge both with an import tariff and under free trade. Ours results are consistent with the empirical evidence.

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 Trade Specialisation Technology and Economic Growth written by Keld Laursen and published by Edward Elgar Publishing. This book was released on 2000 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the role of international Ricardian specialization in economic development processes. Laursen (Copenhagen Business School) considers whether countries converge or diverge in terms of specialization patterns over time; if the role of technology can explain the direction of national trade specialization; and the implications of international specialization patterns and their changes for economic growth. Appreciative theories, neo-classical theories, post-Keynesian approaches, and evolutionary approaches are discussed in relation to each of the three issues. Annotation copyrighted by Book News Inc., Portland, OR