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Economic Growth And International Trade With Capital Goods
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Book Synopsis Capital Goods Imports and Long-run Growth by : Jong-Wha Lee
Download or read book Capital Goods Imports and Long-run Growth written by Jong-Wha Lee and published by . This book was released on 1994 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents an endogenous growth model of an open economy in which the growth rate of income is higher if foreign capital goods are used relatively more than domestic capital goods for the production of capital stock. Empirical results, using cross country data for the period 1960-85, confirm that the ratio of imported to domestically produced capital goods in the composition of investment has a significant positive effect on per capita income growth rates across countries, in particular, in developing countries. Hence, the composition of investment in addition to the volume of total capital accumulation is highlighted as an important determinant of economic growth.
Book Synopsis Capital Goods Trade and Economic Development by : Mutreja Piyusha
Download or read book Capital Goods Trade and Economic Development written by Mutreja Piyusha and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis International Trade by : Fouad Sabry
Download or read book International Trade written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-01-17 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is International Trade International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: International trade Chapter 2: Economy of Burkina Faso Chapter 3: Economy of Canada Chapter 4: Economy of the Dominican Republic Chapter 5: Economy of Ethiopia Chapter 6: Economy of Jamaica Chapter 7: Economy of Malawi Chapter 8: Economy of Mongolia Chapter 9: Economy of Nigeria Chapter 10: Economy of Rwanda Chapter 11: Economy of Uzbekistan Chapter 12: Tariff Chapter 13: Economy of Mozambique Chapter 14: Import substitution industrialization Chapter 15: Subsidy Chapter 16: Virtual water Chapter 17: Export Chapter 18: Non-tariff barriers to trade Chapter 19: International business Chapter 20: Economy of the Western Cape Chapter 21: Economic history of Ghana (II) Answering the public top questions about international trade. (III) Real world examples for the usage of international trade in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of international trade.
Book Synopsis Economic Growth and Development in China by : Vivien Gröning
Download or read book Economic Growth and Development in China written by Vivien Gröning and published by GRIN Verlag. This book was released on 2010-01-15 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Growth and International Trade by : Karl Farmer
Download or read book Growth and International Trade written by Karl Farmer and published by Springer Nature. This book was released on 2021-04-01 with total page 596 pages. Available in PDF, EPUB and Kindle. Book excerpt: Revised and updated for the 2nd edition, this textbook guides the reader towards various aspects of growth and international trade in a Diamond-type overlapping generations framework. Using the same model type throughout the book, timely topics such as growth with bubbles, robots and involuntary unemployment, financial integration and house price dynamics, policies to mitigate climate change and the persistence of religion in a globalized market economy are explored. The first part starts from the “old” growth theory and bridges to the “new” growth theory (including R&D and human capital approaches). The second part presents an intertemporal equilibrium theory of inter- and intra-sectoral trade, investigates innovation, growth and trade and limits to public debt as well as nationally and internationally optimal climate policies. The debt dynamics of the Euro Zone and the origins of intra-EMU and Asian-US trade imbalances are also explored. The book is primarily addressed to upper undergraduate and graduate students wishing to proceed to the analytically more demanding journal literature.
Book Synopsis Trade Policy, the Price of Capital Goods and Economic Growth by : Rainer Maurer
Download or read book Trade Policy, the Price of Capital Goods and Economic Growth written by Rainer Maurer and published by . This book was released on 1995 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Price of Capital Goods: A Driver of Investment Under Threat by : Weicheng Lian
Download or read book The Price of Capital Goods: A Driver of Investment Under Threat written by Weicheng Lian and published by International Monetary Fund. This book was released on 2019-06-28 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past three decades, the price of machinery and equipment fell dramatically relative to other prices in advanced and emerging market and developing economies. Using cross-country and sectoral data, we show that the decline in the relative price of tangible tradable capital goods provided a significant impetus to the capital deepening that took place during the same time period. The broad-based decline in the relative price of machinery and equipment, in turn, was driven by the faster productivity growth in the capital goods producing sectors relative to the rest of the economy, and deeper trade integration, which induced domestic producers to lower prices and increase their efficiency. Our findings suggest an additional channel through which rising trade tensions and sluggish productivity could threaten real investment growth going forward.
Book Synopsis Economic Growth and International Trade by : Steven M. Goldman
Download or read book Economic Growth and International Trade written by Steven M. Goldman and published by . This book was released on 1966 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Capital Goods Trade, Relative Prices, and Economic Development by : Piyusha Mutreja
Download or read book Capital Goods Trade, Relative Prices, and Economic Development written by Piyusha Mutreja and published by . This book was released on 2017 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: International trade in capital goods has quantitatively important effects on economic development through two channels: capital formation and aggregate TFP. We embed a multi country, multi sector Ricardian model of trade into a neoclassical growth framework. Our model matches several trade and development facts within a unified framework: the world distribution of capital goods production and trade, cross-country differences in investment rate and price of final goods, and cross-country equalization of price of capital goods. Reducing barriers to trade capital goods allows poor countries to access more efficient means of capital goods production abroad, leading to relatively higher capital output ratios. Meanwhile, poor countries can specialize more in their comparative advantage--non-capital goods production--and increase their TFP. The income gap between rich and poor countries declines by 40 percent by eliminating barriers to trade capital goods.
Book Synopsis The Pattern of Investment and Economic Development by : Hannan Ezekiel
Download or read book The Pattern of Investment and Economic Development written by Hannan Ezekiel and published by . This book was released on 1967 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic theory of the role of investment strategy in the economic growth of developing countries - examines investment in consumer goods and capital goods, and includes such factors as foreign trade, consumption, labour demand, investment patterns, and the technical aspects of economic planning. References.
Download or read book Focus written by Gerald J. Lynch and published by Council for Economic Educat. This book was released on 1998 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study of international economic systems teaches about global production and competition, exchange rates, international finance, free trade vs. protectionism and economic development.
Download or read book Open written by Kimberly Clausing and published by Harvard University Press. This book was released on 2019-03-04 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Financial Times Best Economics Book of the Year A Foreign Affairs Best Book of the Year “A highly intelligent, fact-based defense of the virtues of an open, competitive economy and society.” —Fareed Zakaria, Global Public Square, CNN “Amid a growing backlash against international economic interdependence, Clausing makes a strong case in favor of foreign trade in goods and services, the cross-border movement of capital, and immigration. This valuable book amounts to a primer on globalization.” —Richard N. Cooper, Foreign Affairs Critics on the Left have long attacked open markets and free trade agreements for exploiting the poor and undermining labor, while those on the Right complain that they unjustly penalize workers back home. Kimberly Clausing takes on both sides in her compelling case that open economies are actually a force for good. Turning to the data to separate substance from spin, she shows how international trade makes countries richer, raises living standards, benefits consumers, and brings nations together, and outlines a progressive agenda to manage globalization more effectively, presenting strategies to equip workers for a modern economy, and establish a better partnership between labor and the business community.
Book Synopsis International Trade Theory by : Wei-Bin Zhang
Download or read book International Trade Theory written by Wei-Bin Zhang and published by Springer Science & Business Media. This book was released on 2008-04-23 with total page 415 pages. Available in PDF, EPUB and Kindle. Book excerpt: The development of international trade theory has created a wide array of different theories, concepts and results. Nevertheless, trade theory has been split between partial and conflicting representations of international e- nomic interactions. Diverse trade models have co-existed but not in a structured relationship with each other. Economic students are introduced to international economic interactions with severally incompatible theories in the same course. In order to overcome incoherence among multiple theories, we need a general theoretical framework in a unified manner to draw together all of the disparate branches of trade theory into a single - ganized system of knowledge. This book provides a powerful – but easy to operate - engine of analysis that sheds light not only on trade theory per se, but on many other dim- sions that interact with trade, including inequality, saving propensities, education, research policy, and knowledge. Building and analyzing various tractable and flexible models within a compact whole, the book helps the reader to visualize economic life as an endless succession of physical ca- tal accumulation, human capital accumulation, innovation wrought by competition, monopoly and government intervention. The book starts with the traditional static trade theories. Then, it develops dynamic models with capital and knowledge under perfect competition and/or monopolistic competition. The uniqueness of the book is about modeling trade dyn- ics.
Book Synopsis Export Instability and Economic Development by : Alasdair Macbean
Download or read book Export Instability and Economic Development written by Alasdair Macbean and published by Routledge. This book was released on 2012-07-26 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: When this work was first published in 1966, there was much interest in various types of commodity agreements and compensatory financing as methods of reducing the effects of export fluctuations on the economies of developing countries. The book concluded that short term fluctuations in export earnings, though perhaps important for some countries, did not appear to be the general problem that had been assumed. If correct, it would suggest that any measures should be carefully designed to fit the situations of countries that were affected and be subjected to cost-benefit analysis. This led to many published and unpublished studies on the issues: some supported, others contradicted the book’s conclusions. The data available now are vastly greater and probably more accurate than pre-1966. However, the work and the issues it raised remain important because most schemes proposed to reduce export instability would be costly and likely to divert resources from uses more obviously aimed at raising economic development in most developing countries.
Book Synopsis International Trade by : Jessie Poon
Download or read book International Trade written by Jessie Poon and published by Taylor & Francis. This book was released on 2017-02-17 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trade impacts on the lives of all global citizens, influencing the range of commodities available for consumption and where those commodities are produced. Driven increasingly by market exchange, trade shapes the nature of work and how the costs and benefits of that work are distributed around the world. Economic growth and development are closely associated with the flows of goods and services between countries. International Trade: The Basics offers an accessible and engaging introduction to contemporary debates on international trade, inviting readers to explore the connections between national political economies within a globally integrated world. Topics covered include: Why nations trade Globalization and transnational production networks Transnational governance The emergence of Asia as a major trade region Ethical trade and environmental sustainability Trade in solar energy, services and ideas. Featuring case studies and social media links that help to illustrate key concepts, this book is an essential read for anyone seeking to understand how trade varies between regions, affects relationships between countries and influences a country’s social, political and economic life.
Book Synopsis Economic Growth, Development, and Foreign Trade by : Pranab K. Bardhan
Download or read book Economic Growth, Development, and Foreign Trade written by Pranab K. Bardhan and published by John Wiley & Sons. This book was released on 1970 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Trade in Transit written by H. Visser and published by Springer Science & Business Media. This book was released on 2013-04-09 with total page 333 pages. Available in PDF, EPUB and Kindle. Book excerpt: PAPERsJOF THE WORLD TRADE CONFERENCE 1985 HELD IN AMSTERDAM ON THE OCCASION OF THE OPENING OF THE WORLD TRADE CENTER AMSTERDAM ON 4,5, AND 6 SEPTEMBER 1985 Between the covers of this book the reader will find the papers presented at the World Trade Conference 1985, held on 4,5 and 6 September 1985. This conference was organized by the World Trade Center Amsterdam, the University of Amsterdam and the Free University of Amsterdam on the occasion of the opening of the World Trade Center Amsterdam. The aim was to bring together businessmen, academics and policy makers in order to study pro blems of international trade and finance from a variety of viewpoints, sc. of those who are engaged in the cut and thrust of trade and finance, those who analyse it without being themselves involved, and those who regulate it. Hopefully this resulted in some useful cross fertilisation. The conference covered not only the whole globe, including the Japanese threat, the problems of the dollar, East-West trade, the Pacific Basin, barter trade etcetera, but also spanned a long historical period. The present and the future were examined, but also the past. The articles provide a round-up of what's going on in the field of international trade and finance. They cover a wide field, not remaining within the traditional boundaries of international economics. At the same time, the organizers strove to avoid shallowness.
