International Trade and Distortions in Factor Markets
Author | : Stephen P. Magee |
Publisher | : |
Total Pages | : 168 |
Release | : 1976 |
Genre | : Commerce |
ISBN | : |
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Author | : Stephen P. Magee |
Publisher | : |
Total Pages | : 168 |
Release | : 1976 |
Genre | : Commerce |
ISBN | : |
Author | : James E. Anderson |
Publisher | : World Bank Publications |
Total Pages | : 37 |
Release | : 1993 |
Genre | : Comercio internacional |
ISBN | : |
In this paper we develop techniques for measuring the trade policy equivalent of domestic distortions, using a distance function approach. Our measure, the Trade Restrictiveness Index, is shown to equal the uniform tariff which is welfare-equivalent to a given pattern of domestic taxes and subsidies. We extend the Index to incorporate taxes on non-traded goods and factor markets and illustrate its operationality with an application to liberalization in Mexican agriculture. We conclude that our Index has considerable potential in empirical work and as an aid to trade negotiators.
Author | : Bharat Hazari |
Publisher | : Routledge |
Total Pages | : 221 |
Release | : 2016-02-05 |
Genre | : Business & Economics |
ISBN | : 1317241711 |
First published in 1978. This book provides a simple, systematic, yet rigorous treatment of the key aspects of the pure theory of international trade and distortions. The opening chapter presents the standard two-factor, two-commodity barter model of international trade and a comprehensive treatment of the important properties and relationships. The rest of the book consists of four sections: parts One and Two are devoted to an analysis of factor market imperfections, and Parts Three and Four consider the trade-theoretical consequences of product market imperfections. A concluding chapter presents some generalised theorems. This book would be of interest to students of economics.
Author | : Ian William Middleton |
Publisher | : |
Total Pages | : 124 |
Release | : 1976 |
Genre | : Commerce |
ISBN | : |
Author | : Stephen Pat Magee |
Publisher | : |
Total Pages | : 382 |
Release | : 1969 |
Genre | : Factor analysis |
ISBN | : |
Author | : Larry S Karp |
Publisher | : World Scientific |
Total Pages | : 303 |
Release | : 2021-12-08 |
Genre | : Business & Economics |
ISBN | : 9811249881 |
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.
Author | : Bharat Raj Hazari |
Publisher | : |
Total Pages | : |
Release | : 1973 |
Genre | : |
ISBN | : |
Author | : Anne O. Krueger |
Publisher | : |
Total Pages | : 60 |
Release | : 1977 |
Genre | : Business & Economics |
ISBN | : |
Author | : Julia Ingrid Lane |
Publisher | : |
Total Pages | : 252 |
Release | : 1982 |
Genre | : |
ISBN | : |
Author | : H. Blomqvist |
Publisher | : Springer |
Total Pages | : 265 |
Release | : 2002-10-14 |
Genre | : Business & Economics |
ISBN | : 1403914346 |
An economy does not always work according to idealized textbook models. Frequently, economic systems are subject to wide-ranging distortions and require remedy via subsidy and taxes to restore their social optimum. In The Distorted Economy, Hans C. Blomqvist and Mats Lundahl describe how to tackle the various distortions on goods and factor markets and apply their analytic framework to several case studies such as the trade policy of developing countries, apartheid in South Africa and socialist planned economies. The authors offer an important and timely analysis of the cause, effect and resolution of distortions in the economy.