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International economics : an introduction to theory and policy /

"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 BoP and exchange rate. In the first part, it discusses the basic principles of international trade between dissim...

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Bibliographic Details
Main Author: Acharyya, Rajat (Author)
Format: eBook
Language:English
Published: Oxford ; New York, NY : Oxford University Press, 2022.
Edition:Second edition.
Subjects:
International economic relations > Textbooks.
International economic relations
Electronic books.
Textbooks
Textbooks.
Online Access:Connect to the full text of this electronic book
Table of Contents:
  • Cover
  • Title
  • Copyright
  • Contents
  • Part I Basis and Gains from Inter-industry Trade
  • 1 Basis of Inter-industry Trade
  • 1.1 Arbitrage and Inter-industry Trade
  • 1.2 Comparative Advantage
  • 1.2.1 Public Policy and Induced Comparative Advantage:Fundamental Sources
  • 1.2.2 Selective Factor Disadvantage, Innovations, and ShiftingComparative Advantage
  • 1.2.3 Comparative Advantage in vertical stages of production:Global Value Chain
  • 1.3 Digital and Virtual Trade
  • 1.4 Advanced Topic: Revealed Comparative Advantage
  • 2 Gains from Trade
  • 2.1 Trade, Gains, and Redistribution
  • 2.2 Resource Reallocation and Gains from Trade
  • 2.3 Decomposition of GFT: Specialization and Exchange Gains
  • 2.3.1 Substitution Possibility in Consumption and the Exchange Gain
  • 2.3.2 Substitution Possibility in Production and Specialization Gain
  • 2.4 Sufficient Conditions for GFT
  • 2.5 Pollution: A Trade-Off between GFT and Environmental Degradation
  • 2.6 Increasing Returns to Scale (IRS) and GFT
  • 2.6.1 Case I: GFT under Weak IRS and Violation of Tangency Condition
  • 2.6.2 Case II: GFT under Strong IRS and Non-convexity
  • Appendix A2
  • I. Returns to Scale and Convexity of the Production Set
  • 3 Test of Comparative Advantage andMeasuring GFT
  • 3.1 Measuring the Welfare Change: Compensating and Equivalent Variations
  • 3.2 GFT by CV Measure
  • 3.3 Equivalent Variation and GFT
  • 3.4 A Test of Comparative Advantage: The Case of Japan
  • 4 International Equilibrium and theTerms of Trade
  • 4.1 Offer Curve of the Home Country
  • 4.2 Backward Bending Offer Curve
  • 4.3 Offer Curve under Constant Opportunity Cost
  • 4.4 Foreign Offer Curve and the International Equilibrium
  • 4.5 Welfare Properties of the International Equilibrium
  • 4.5.1 Gains from trade revisited
  • 4.5.2 Global Pareto optimality of free trade bundle
  • Appendix A4
  • I. Geometric Measurement of the Import Demand Elasticity alongOffer Curve
  • II. Existence, Uniqueness, and Stability of International Equilibrium
  • III. Trade Indifference Curves and Alternative Derivation of Offer Curves
  • IV. Measurement and Trends in Barter TOT
  • Part II Theories of Comparative Advantage andPattern of Trade
  • Chapter 5 Technology and Trade
  • 5.1 Constant Opportunity Cost, Technology, and Trade
  • 5.2 Role of Relative Size of Trading Nations and Distribution of GFT
  • 5.3 Advanced Topics
  • 5.3.1 Many Commodity Extension
  • 5.3.2 World Production Possibility Frontier and Many Countries Extension
  • 5.3.3 Technology for Sale
  • 5.4 International Trade and Technology Choice
  • Chapter 6 Factor Endowment and Trade
  • 6.1 Assumptions and the Structure of the HOS Model
  • 6.2 Autarchic Equilibrium and the Pattern of Trade
  • 6.3 Two Properties of the Model: Output and Price Magnification Effects
  • 6.3.1 Endowment Shock and Output Changes
  • 6.3.2 Price Magnification Effect
  • 6.4 Factor Prices at the Post-trade Equilibrium
  • Appendix A6