International Trade and Economic Growth in Open Economies

International Trade and Economic Growth in Open Economies
Author: John Berdell
Publisher: Edward Elgar Publishing
Total Pages: 208
Release: 2002-01-01
Genre: Business & Economics
ISBN: 9781843765615

Download International Trade and Economic Growth in Open Economies Book in PDF, Epub and Kindle

"This work will be of great interest to both historians of economic ideas and economists concerned with modelling the interactions between growth and international trade."--BOOK JACKET.

Trade, Growth, and Economic Policy in Open Economies

Trade, Growth, and Economic Policy in Open Economies
Author: Karl-Josef Koch
Publisher: Springer Science & Business Media
Total Pages: 398
Release: 2012-12-06
Genre: Business & Economics
ISBN: 3662004232

Download Trade, Growth, and Economic Policy in Open Economies Book in PDF, Epub and Kindle

Part 1 of this volume focusses on globalization. Gains from trade, international competitiveness, labour market issues in open economies, customs unions, dumping and intra-firm trade are the topics of this part. Part 2 puts a stronger emphasis on dynamic economics. Social income, intergenerational transfers, public pension systems, and bequest and gift motives in overlapping generation models are main topics. Economic policies are analyzed in Part 3, including the relation between wage rigidity and migration, several aspects of German financial and monetary policy, as well as tax competition. The volume concludes with institutional issues of globalization, a western view on eastern transition, social cost of rent seeking, and the evolution of social institutions.

Growth in Open Economies

Growth in Open Economies
Author: Sergio Rebelo
Publisher: World Bank Publications
Total Pages: 58
Release:
Genre:
ISBN:

Download Growth in Open Economies Book in PDF, Epub and Kindle

International Trade and Economic Growth

International Trade and Economic Growth
Author: Hendrik Van den Berg
Publisher: Routledge
Total Pages: 453
Release: 2015-01-30
Genre: Business & Economics
ISBN: 1317467388

Download International Trade and Economic Growth Book in PDF, Epub and Kindle

Unlike any other text on international trade, this groundbreaking book focuses on the dynamic long-run relationship between trade and economic growth rather than the static short-run relationship between trade and economic efficiency. The authors begin with well-known theory on international trade, and then take the student into more recent and less well-known work, all with a careful balance between empirical and theoretical perspectives. A valuable teaching tool for courses in international economics, economic growth, and economic development at both the undergraduate and graduate levels, the book uses some very modest algebra, calculus, and statistics. However, most analytical discussions are built around diagrams in order to make the text accessible to students with a variety of social science backgrounds. An Instructor's Manual is available to professors who adopt the text.

Dynamics, Economic Growth, and International Trade

Dynamics, Economic Growth, and International Trade
Author: Bjarne Sloth Jensen
Publisher: University of Michigan Press
Total Pages: 385
Release: 2010-03-11
Genre: Business & Economics
ISBN: 0472026410

Download Dynamics, Economic Growth, and International Trade Book in PDF, Epub and Kindle

While endogenous growth theory has claimed success in modeling various factors of growth and providing an analysis of sustainable economic growth, most of the growth models in published work are for closed economies. The omission of international trade, which is often regarded as the engine of growth, greatly reduces their usefulness. The theory of international trade, on the other hand, is characterized by models that are mainly static. While interest in the dynamics of trade has been growing, there is still little work in this area. The success of the newly industrialized economies that have adopted trade-oriented policies suggests how limited present trade theory is in explaining and analyzing the growth of these economies. The work collected here serves to bridge the "old" growth theory and "new" growth theory; merge growth and trade theory; suggest new analysis and techniques of economic growth; and provide analysis of new issues related to growth and trade. The first chapter surveys endogenous growth and international trade and critically reviews the endogenous growth theory with a unified framework, covering the work on both closed and open economies. Three chapters examine the dynamics of some basic trade models; two chapters focus on growth and trade with endogenous accumulation of human and public capital; two chapters on economic growth, technological progress, and international trade; and two chapters on growth and international factor movements. Contributors include Eric W. Bond, Theo S. Eicher, Rolf Färe, Oded Galor, Shawna Grosskopf, Bjarne S. Jensen, Pantelis Kalaitzidakis, Shoukang Lin, Ngo Van Long, Kazuo Nishimura, Koji Shimomura, Kathleen Trask, Stephen J. Turnovsky, Pham Hoang Van, Henry Wan, Jr., Chunyan Wang, and Kar-yiu Wong. Bjarne S. Jensen is Associate Professor of Economics, Copenhagen Business School. Kar-yiu Wong is Professor of Economics, University of Washington, Seattle.

Trade, Investment and Development: Reaping the Full Benefits of Open Markets

Trade, Investment and Development: Reaping the Full Benefits of Open Markets
Author: OECD
Publisher: OECD Publishing
Total Pages: 53
Release: 1999-08-26
Genre:
ISBN: 9264173307

Download Trade, Investment and Development: Reaping the Full Benefits of Open Markets Book in PDF, Epub and Kindle

This report reviews evidence of the benefits and challenges of trade and investment for development, drawing on experiences from economies in various parts of the world.

Economic Growth and Development in China

Economic Growth and Development in China
Author: Vivien Gröning
Publisher: GRIN Verlag
Total Pages: 24
Release: 2010-01-15
Genre: Business & Economics
ISBN: 3640510755

Download Economic Growth and Development in China Book in PDF, Epub and Kindle

Seminar paper from the year 2006 in the subject Business economics - Miscellaneous, University of Hamburg, language: English, abstract: If the need for a „Big Push“ survives in an economy that is open to international trade and capital movements, or if openness to trade and capital movements is sufficient to overcome all poverty traps, these questions have daunted development economics since its inception (Jaime et al. 1997). In the last two hundred years, every country with high development and productivity rates has industrialised. While in the eighteens century Britain, and in the twenties century Korea and Japan grew rich, other countries remained poor. One of the discussed causes for this underdevelopment might be the small domestic market. While the idea started with Rosenstein-Rodan (1943)1, who thought the solution would be aid and investment programs, since the 1960s advocates tend to the Idea that openness of the economy resolve the problem of a small domestic market. The theory is that openness would induce an export-led „Big Push“ in terms of simultaneous growth over different sectors (Murphy et al.1989, p.1003). In the current discussion the „Big Push“ induced by aid has its comeback in the Millennium Development Goals from the UN (Easterly 2005, p.3). The focus of this paper is on the East Asian countries, where the export-promotion-policy had had an important role. But Trindade (2005, p.41) was the first author who interpreted the coordination-problem as solvable with solely export-promotion, because of the naturally coordination effect of exports (Asche, 2005, p.24 gloss 28). So the question is not if exports are good for an economy, but if exports can induce a „Big Push“ and thus making aid superfluously.

Imports and Economic Growth

Imports and Economic Growth
Author: C.A. van Bochove
Publisher: Springer Science & Business Media
Total Pages: 345
Release: 2012-12-06
Genre: Business & Economics
ISBN: 9400976844

Download Imports and Economic Growth Book in PDF, Epub and Kindle

The research for this project was carried out while the author was at the staff of the Economics Faculty of Erasmus University Rotterdam. The core results were recorded in discussion papers 7821/G, 7901/G, 7910/G and 8002/G of the faculty's Institute for Economic Research. Working on the project I incurred considerable debts to some professors and fellow staff members of the faculty. Professor P. J. Verdoorn initiated this study by suggesting its subject and by encouraging me to turn my initially hesitantly held view of imports as 'indispensable' inputs into the cornerstone of the analysis; he also read the final manuscript. Professor H. C. Bos' enthusiastic encouragement greatly stimulated me in the arduous phase of the writing of the manuscript; his advise on style and emphasis considerably improved the presentation while his careful reading of the various versions of the manuscript eliminated many non sequiturs and some errors. I am deeply in debt to A. S. W. de Vries who scrutinized not only the manuscript but also the preliminary discussion papers; while sharing an office room with him for six years I had the benefit of many stimulating discussions and he equanimously put up with my moods when I was stuck at some point. I am also in debt to D. P. Broer for checking and improving the optimal control theorem in chapter 7; to Professor R. Harkema for inducing me to write sections 5. 1 and 5.

The Global Trade Slowdown

The Global Trade Slowdown
Author: Cristina Constantinescu
Publisher: International Monetary Fund
Total Pages: 44
Release: 2015-01-21
Genre: Business & Economics
ISBN: 1498399134

Download The Global Trade Slowdown Book in PDF, Epub and Kindle

This paper focuses on the sluggish growth of world trade relative to income growth in recent years. The analysis uses an empirical strategy based on an error correction model to assess whether the global trade slowdown is structural or cyclical. An estimate of the relationship between trade and income in the past four decades reveals that the long-term trade elasticity rose sharply in the 1990s, but declined significantly in the 2000s even before the global financial crisis. These results suggest that trade is growing slowly not only because of slow growth of Gross Domestic Product (GDP), but also because of a structural change in the trade-GDP relationship in recent years. The available evidence suggests that the explanation may lie in the slowing pace of international vertical specialization rather than increasing protection or the changing composition of trade and GDP.