Download or read book Welfare Reducing Trade and Optimal Trade Policy written by E. Kwan Choi and published by . This book was released on 1998 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Trade Policy and Economic Welfare written by Warner Max Corden and published by Oxford : Clarendon Press. This book was released on 1974 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: The second edition of this classic text on international economics has been substantially revised and updated to take account of the considerable activity in this field over the last two decades. Three new chapters discuss trade policy and the environment, strategic trade policy, and tradepolicy and the exchange rate. Corden also analyzes in detail the many arguments for protection.
Download or read book Trade Policy and Economic Welfare written by W. Max. Corden and published by Oxford University Press. This book was released on 1997-02-20 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: The second edition of this classic text on international economics includes three completely new chapters on the environment and trade policy, strategic trade policy, and the relationship between trade policy and the exchange rate. The first edition introduced a number of ideas into policy circles; the new edition has been shortened and substantially revised to point up the themes that have subsequently become prominent in discussions of free trade and protection. Trade Policy and Economic Welfare expounds the normative theory of trade policy. It includes discussion of static and dynamic arguments for protection; effects of trade policy on income distribution, monopoly, X-efficieny, foreign investment and capital accumulation; protection of advanced-technology industries; the choice between tariffs and subsidies as methods of protection. The chapters are self-contained to allow flexible use of the book in teaching undergraduate courses on international trade and the economics of developing countries.
Download or read book International Trade Policy with Imperfect Competition written by Richard W. T. Pomfret and published by . This book was released on 1992 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Theory of Trade Policy Reform written by Carsten Kowalczyk and published by Edward Elgar Publishing. This book was released on 2001 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: While its treatment of the effects of policy changes on key economic indicators is academic, the literature on theory of trade policy reform "is motivated by concrete policy challenges ... and has informed policy." Kowalczyk (international economics, Tufts U.) introduces two types of reform (concertina and radial), the main policy and analytic issues, and how these 32 articles contribute to their understanding. Reprinted from economic journals and books from 1953-94, they address eight themes: early contributions to the theory of reform; welfare effects of tax and price changes; results of reform and national welfare; world welfare and trade reform; coalitions, welfare, and trade reform; quotas, tariffs, and reform; reform of government production and revenue; and reform in multi-household economies. Lacks a subject index. c. Book News Inc.
Download or read book Trade Welfare and Economic Policies written by Murray C. Kemp and published by University of Michigan Press. This book was released on 1993 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: New contributions to the theory of international trade
Download or read book A Practical Guide to Trade Policy Analysis written by Marc Bacchetta and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trade flows and trade policies need to be properly quantified to describe, compare, or follow the evolution of policies between sectors or countries or over time. This is essential to ensure that policy choices are made with an appropriate knowledge of the real conditions. This practical guide introduces the main techniques of trade and trade policy data analysis. It shows how to develop the main indexes used to analyze trade flows, tariff structures, and non-tariff measures. It presents the databases needed to construct these indexes as well as the challenges faced in collecting and processing these data, such as measurement errors or aggregation bias. Written by experts with practical experience in the field, A Practical Guide to Trade Policy Analysis has been developed to contribute to enhance developing countries' capacity to analyze and implement trade policy. It offers a hands-on introduction on how to estimate the distributional effects of trade policies on welfare, in particular on inequality and poverty. The guide is aimed at government experts engaged in trade negotiations, as well as students and researchers involved in trade-related study or research. An accompanying DVD contains data sets and program command files required for the exercises. Copublished by the WTO and the United Nations Conference on Trade and Development
Download or read book International Trade Policy written by David Robertson and published by . This book was released on 1972 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Optimal Trade Policy Equilibrium Unemployment and Labor Market Inefficiency written by Wisarut Suwanprasert and published by . This book was released on 2016 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why do politicians advocate trade protections to save domestic jobs when neoclassical trade models suggest that small open economies should implement free trade? The novel insight of this paper is that trade protections can be rationalized as a second-best policy that improves the domestic welfare when the equilibrium unemployment is different from the constrained efficient unemployment. To understand this puzzle, I incorporate a Diamond-Mortensen-Pissarides frictional labor market into the standard Heckscher-Ohlin model of International Trade. The model offers four main findings. First, when the relative price of the labor (capital)-intensive good increases, equilibrium unemployment decreases (increases). Second, a labor market in a competitive equilibrium is constrained-efficient when the Hosios condition is satisfied. Third, a capital-abundant country with inefficiently high unemployment can experience welfare losses from trade. Conditional upon having the same observed trade share, a labor-abundant country with inefficiently high unemployment experiences extra welfare gains from international trade. Finally and most importantly, when the labor market in a small open economy generates inefficiently high equilibrium unemployment, the optimal trade policy is an import tariff in a capital-abundant country and an export subsidy in a labor-abundant country. Free trade is optimal only when a labor market is initially efficient. The model's predictions are supported by patterns of tariffs in WTO member countries.
Download or read book Handbook of Commercial Policy written by and published by Elsevier. This book was released on 2016-11-02 with total page 600 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook of Commercial Policy explores three main topics that permeate the study of commercial policy. The first section presents a broad set of basic empirical facts regarding the pattern and evolution of commercial policy, with the second section investigating the crosscutting legal issues relating to the purpose and design of agreements. Final sections cover key issues of commercial policy in the modern global economy. Every chapter in the book provides coverage from the perspectives of multilateral, and where appropriate, preferential trade agreements. While most other volumes are policy-oriented, this comprehensive guide explores the ways that intellectual thinking and rigor organize research, further making frontier-level synthesis and current theoretical, and empirical, research accessible to all. Covers the research areas that are critical for understanding how the world of commercial policy has changed, especially over the last 20 years Presents the way in which research on the topic has evolved Scrutinizes the economic modeling of bargaining and legal issues Useful for examining the theory and empirics of commercial policy
Download or read book More on Welfare Effects of Distortions Via Environmental and Trade Policy written by and published by . This book was released on 2000 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Handbook on International Trade Policy written by William Alexander Kerr and published by Edward Elgar Publishing. This book was released on 2007 with total page 568 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focuses on trade policy issues in the era of globalization. This work deals with international trade issues, discusses the literature on the subject, and explores major controversies. It is suitable for researchers, academics, policymakers and practitioners concerned with international trade policy.
Download or read book Strategic Trade Policy the Committed Versus Non Committed written by Krešimir Žigić and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We compare the social welfare generated by a domestic government in the two types of policy setups: a "commitment" regime in which the government sets its policy instrument before the strategic choice is made by the domestic firm and a "non-commitment" regime where the policy variable is set after the strategic choice is made by the firm. The government conducts strategic trade policy in the form of optimal tariffs under which domestic and foreign firms compete in quantities in an imperfectly competitive domestic market where cost reducing R&D spillovers take place from the domestic to the foreign firm. We show that the "non-committed" government achieves generally a higher level of welfare and levies a lower optimal tariff than the "committed" government. Moreover, when the domestic government is allowed to use an R&D subsidy, that may or may not be accompanied by the optimal tariff, the resulting optimal subsidies are always positive.
Download or read book Trade Policy Issues and Empirical Analysis written by Robert E. Baldwin and published by University of Chicago Press. This book was released on 2008-04-15 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: Interest in U.S. trade policy has been stimulated in recent years by the massive American trade deficit, by the belief that intervention by foreign governments in international markets has given other countries a competitive edge over the United States, and by concern about the increase in protectionism among industrial countries. In turn, major analytical developments in international economics have revolutionized trade theory, broadening its scope both by introducing in a more formal manner such concepts as imperfect competition, increasing returns, product differentiation, and learning effects and by including the study of political and economic factors that shape trade policy decisions. This collection of papers—the result of a conference held by the NBER—applies these "new" trade theories to existing world cases and also presents complementary empirical studies that are grounded in more traditional trade theories. The volume is divided into four parts. The papers in part 1 consider the problem of imperfect competition, empirically assessing the economic effect of various trade policies introduced in industries in which the "new" trade theory seems to apply. Those in part 2 isolate the effects of protection from the influences of the many economic changes that accompany actual periods of protection and also examine how the effects from exogenous changes in economic conditions vary with the form of protection. Part 3 provides new empirical evidence on the effect of foreign production by a country's firms on the home country's exports. Finally, in part 4, two key bilateral issues are analyzed: recent U.S.-Japanese trade tensions and the incident involving the threat of the imposition of countervailing duties by the United States on Canadian softwood lumber.
Download or read book The Collapse of Global Trade Murky Protectionism and the Crisis written by Richard E. Baldwin and published by . This book was released on 2011-03 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global financial crisis of 2008/9 is the Great Depression of the 21st century. For many though, the similarities stop at the Wall Street Crash as the current generation of policymakers have acted quickly to avoid the mistakes of the past. Yet the global crisis has made room for mistakes all of its own. While governments have apparently kept to their word on refraining from protectionist measures in the style of 1930s tariffs, there has been a disturbing rise in "murky protectionism." Seemingly benign, these crisis-linked policies are twisted to favour domestic firms, workers and investors. This book, first published as an eBook on VoxEU.org in March 2009, brings together leading trade policy practitioners and experts - including Australian Trade Minister Simon Crean and former Mexican President Ernesto Zedillo. Initially its aim was to advise policymakers heading in to the G20 meeting in London, but since the threat of murky protectionism persists, so too do their warnings.
Download or read book Trade Policy Under Endogenous Credibility written by Charles Engel and published by . This book was released on 1987 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Because trade liberalization which is anticipated to be temporary creates a divergence between the effective domestic rate of interest and the world rate of interest, tariff-reduction in the presence of international financial asset trade may reduce welfare for a small country. Calvo has argued that even though the government intends to liberalize trade permanently, if the private sector believes with some probability that a tariff will be imposed in the future, then free trade may not be optimal. This paper first formalizes this argument and discusses the optimal policy for a government which seeks to maximize representative household welfare. The government's lack of credibility is represented by a set of beliefs the private sector holds about the type of government it faces. Next, beliefs are endoqenized by allowing me private sector to update them using Bayes' rule. In one approach, the true government's objective is maximize welfare for the economy, so that it does not seek to imitate another type, in contrast with other recent models of policy credibility. With learning, the government eventually adopts free trade, even though restricted trade is optimal initially
Download or read book Market Structure and Foreign Trade written by Elhanan Helpman and published by MIT Press. This book was released on 1987-02-06 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: Market Structure and Foreign Trade presents a coherent theory of trade in the presence of market structures other than perfect competition. The theory it develops explains trade patterns, especially of industrial countries, and provides an integration between trade and the role of multinational enterprises. Relating current theoretical work to the main body of trade theory, Helpman and Krugman review and restate known results and also offer entirely new material on contestable markets, oligopolies, welfare, and multinational corporations, and new insights on external economies, intermediate inputs, and trade composition.
