The Gains from Trade and the Gains from Aid: Essays in International Trade Theory

by Murray C. Kemp

Overview

This book focuses on the normative side of trade theory and is divided into five parts: * trade under perfect competition; * restricted trade under perfect competition; * trade under imperfect competition and other distortions; * Compensation: lumpsum, non-lumpsum or neither? * International trade

Product Details

ISBN-13:	9781134792016
Publisher:	Taylor & Francis
Publication date:	09/11/2002
Sold by:	Barnes & Noble
Format:	eBook
Pages:	416
File size:	23 MB
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About the Author

Murray C. Kemp

Table of Contents

Introduction Part I The gains from free trade under perfect competition 1 THE GAIN FROM INTERNATIONAL TRADE 2 THE GAINS FROM FREE TRADE 3 AN ELEMENTARY PROPOSITION CONCERNING THE FORMATION OF CUSTOMS UNIONS 4 THE COMPARISON OF SECOND-BEST EQUIliBRIA: THE CASE OF CUSTOMS UNIONS 5 THE GAINS FROM TRADE WHEN MARKETS ARE POSSIBLY INCOMPLETE 6 THE GAINS FROM FREE TRADE FOR A MONETARY ECONOMY 7 THE GAINS FROM TRADE FOR A MONETARY ECONOMY WHEN MARKETS ARE POSSIBLY INCOMPLETE 8 TRADE GAINS IN A PURE CONSUMPTION-LOAN MODEL 9 GAINS FROM TRADE WITH OVERLAPPING GENERATIONS 10 THE GAINS FROM INTERNATIONAL TRADE IN A CONTEXT OF OVERLAPPING GENERATIONS 11 THE WELFARE GAINS FROM INTERNATIONAL MIGRATION 12 THE PROBLEM OF SURVIVAL: AN OPEN ECONOMY 13 THE INTERNATIONAL DIFFUSION OF THE FRUITS OF TECHNICAL PROGRESS Part II The gains from restricted trade under perfect competition 14 ON THE SHARING OF TRADE GAINS BY RESOURCE-POOR AND RESOURCE-RICH COUNTRIES 15 THE INTERACTION OF RESOURCE-RICH AND RESOURCE-POOR ECONOMIES Part III The gains from trade under imperfect competition and other distortions 16 SOME ISSUES IN THE ANALYSIS OF TRADE GAINS 17 VARIABLE RETURNS TO SCALE, COMMODITY TAXES, FACTOR-MARKET DISTORTIONS AND THEIR IMPLICATIONS FOR TRADE GAINS 18 VARIABLE RETURNS TO SCALE, NON-UNIQUENESS OF EQUILIBRIUM AND THE GAINS FROM INTERNATIONAL TRADE -16. With Albert 19 THE GAINS FROM INTERNATIONAL TRADE UNDER IMPERFECT COMPETITION: A CONJECTURAL VARIATIONS APPROACH. 20 THE INTERNATIONAL DIFFUSION OF THE FRUITS OF TECHNICAL PROGRESS UNDER IMPERFECT COMPETITION. 21 DOES THE SET OF IMPERFECTLY COMPETITIVE GENERAL EQUILIBRIA DEPEND ON THE CHOICE OF PRICE NORMALIZATION? 22 LEARNING BY DOING: FORMAL TESTS FOR INTERVENTION IN AN OPEN ECONOMY Part IV Compensation: lumpsum, non-lumpsum or neither? 23 GAINS FROM TRADE WITH AND WITHOUT LUMPSUM COMPENSATION 24 ON LUMPSUM COMPENSATION 25 LUMPSUM COMPENSATION IN A CONTEXT OF INCOMPLETE MARKETS 26 LUMPSUM COMPENSATION IN A CONTEXT OF OVERLAPPING GENERATIONS 27 THE STATIC WELFARE ECONOMICS OF FOREIGN AID: A CONSOLIDATION 28 CONDITIONS FOR THE LOCAL IMPOTENCE OF LUMPSUM TRANSFERS TO EFFECT A REDISTRIBUTION OF WELFARE BETWEEN NATIONS 29 THE TRANSFER PROBLEM IN A CONTEXT OF PUBLIC GOODS 30 ON THE OPTIMAL TIMING OF FOREIGN AID 31 'TRADE' OR 'AID'?

Editorial Reviews

A record of the thinking by Kemp (economics, U. of New South Wales) and his co-workers over the past 35 years on the question of when a country benefits from free trade. The 31 essays, most previously published and many co-authored, cover trade under perfect competition; restricted trade under perfect competition; trade under imperfect competition and other distortions; compensation, lumpsum, non-lumpsum, or neither; and international aid. Assumes a fairly high degree of sophistication in the mathematics of economics. Annotation c. Book News, Inc., Portland, OR (booknews.com)

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