Macroeconomics, Trade, and Social Welfare

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Publisher : Springer
ISBN 13 : 4431558071
Total Pages : 236 pages
Book Rating : 4.4/5 (315 download)

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Book Synopsis Macroeconomics, Trade, and Social Welfare by : Michihiro Ohyama

Download or read book Macroeconomics, Trade, and Social Welfare written by Michihiro Ohyama and published by Springer. This book was released on 2016-07-11 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book develops new, original methods of welfare comparison and comparative dynamics between distinct and discretely positioned (rather than continuously related) socioeconomic situations. These methods are not only realistic but also extremely relevant to serious economic problems. Using them, the book sheds illuminating new light on the theoretical analysis of Keynesian economics and other important issues of political economy. For instance, it shows that the principle of effective demand applies exactly as Keynes put it to the unemployment equilibrium in the short run. It also shows that the equilibrium may change along the expansion path as the government chooses to vary its expenditure to maximize national welfare. The same methods are effectively employed theoretically to investigate modern trade policy issues such as gains from trade, the theory of tariffs, free trade agreements, and the role of the WTO. Those methods are also used to study the welfare and efficiency of various socioeconomic situations.

Trade Policy and Economic Welfare

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Publisher : Oxford : Clarendon Press
ISBN 13 :
Total Pages : 444 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Trade Policy and Economic Welfare by : Warner Max Corden

Download or read book Trade Policy and Economic Welfare written by Warner Max Corden and published by Oxford : Clarendon Press. This book was released on 1974 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: The second edition of this classic text on international economics has been substantially revised and updated to take account of the considerable activity in this field over the last two decades. Three new chapters discuss trade policy and the environment, strategic trade policy, and tradepolicy and the exchange rate. Corden also analyzes in detail the many arguments for protection.

Trade Policy, Income Risk and Welfare

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 51 pages
Book Rating : 4./5 ( download)

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Book Synopsis Trade Policy, Income Risk and Welfare by : Tom Krebs

Download or read book Trade Policy, Income Risk and Welfare written by Tom Krebs and published by World Bank Publications. This book was released on 2005 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper studies empirically the relationship between trade policy and individual income risk faced by workers, and uses the estimates of this empirical analysis to evaluate the welfare effect of trade reform. The analysis proceeds in three steps. First, longitudinal data on workers are used to estimate time-varying individual income risk parameters in various manufacturing sectors. Second, the estimated income risk parameters and data on trade barriers are used to analyze the relationship between trade policy and income risk. Finally, a simple dynamic incomplete-market model is used to assess the corresponding welfare costs. In the implementation of this methodology using Mexican data, we find that trade policy changes have a significant short run effect on income risk. Further, while the tariff level has an insignificant mean effect, it nevertheless changes the degree to which macroeconomic shocks affect income risk"--NBER website

Applied Welfare Economics, Trade, and Agricultural Policy Analysis

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Publisher : University of Toronto Press
ISBN 13 : 1487524099
Total Pages : 327 pages
Book Rating : 4.4/5 (875 download)

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Book Synopsis Applied Welfare Economics, Trade, and Agricultural Policy Analysis by : G. Cornelis van Kooten

Download or read book Applied Welfare Economics, Trade, and Agricultural Policy Analysis written by G. Cornelis van Kooten and published by University of Toronto Press. This book was released on 2021 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook integrates three related fields in economics, namely agricultural/forestry economics, environmental economics, and international trade, by foregrounding cost-benefit analysis as a significant policy tool. Exploring how welfare measures can be used in the analysis of agricultural, trade, and other economic policies, Applied Welfare Economics, Trade, and Agricultural Policy Analysis fills a gap in the literature on agricultural policy analysis by explaining the economic efficiency improvements and income transfers of various agricultural policy reforms in the United States, Canada, and the European Union. G. Cornelis van Kooten addresses methods of identifying and measuring economic surpluses (costs and benefits), the precautionary principle, identification of an appropriate discount rate, the importance of non-market values, and the role of agriculture in trade negotiations and climate change. Applied Welfare Economics, Trade, and Agricultural Policy Analysis draws on new research, brings attention to the existing literature, and includes review questions that challenge programming skills. The techniques developed in this text can be applied to the development and reform of agricultural policies in various regions in response to trade negotiations and many other situations involving government policy.

Protectionism and World Welfare

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Publisher : Cambridge University Press
ISBN 13 : 9780521424899
Total Pages : 478 pages
Book Rating : 4.4/5 (248 download)

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Book Synopsis Protectionism and World Welfare by : Dominick Salvatore

Download or read book Protectionism and World Welfare written by Dominick Salvatore and published by Cambridge University Press. This book was released on 1993-09-23 with total page 478 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume addresses highly topical issues at a crucial time in international economic relations. The world has never been closer to dismantling the liberal multilateral trading system which has been painstakingly established and successfully operated since the Second World War. In this volume many of the world's most distinguished economists examine the movement toward protectionism, bilateralism, and regionalism, and its causes, effects, and possible solutions. The contributors are theorists, researchers, and advisors to governments and international organizations who are at the forefront of trade theory, policy, and practice, and whose analyses have a real impact on international trade. By collecting together these analyses in a single volume, this book provides a unique survey for students and scholars of economics, and all those concerned with trade theory and policy in business and government.

The Welfare Economics of International Trade

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Author :
Publisher : Taylor & Francis
ISBN 13 : 1136455779
Total Pages : 59 pages
Book Rating : 4.1/5 (364 download)

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Book Synopsis The Welfare Economics of International Trade by : M. Kemp

Download or read book The Welfare Economics of International Trade written by M. Kemp and published by Taylor & Francis. This book was released on 2013-09-05 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a careful account of the leading propositions about the welfare gains associated with international trade and investment under differing institutional arrangements and policy choices.

The Economics of Welfare

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Publisher : Routledge
ISBN 13 : 1351304348
Total Pages : 1033 pages
Book Rating : 4.3/5 (513 download)

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Book Synopsis The Economics of Welfare by : Arthur Pigou

Download or read book The Economics of Welfare written by Arthur Pigou and published by Routledge. This book was released on 2017-10-24 with total page 1033 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Economics of Welfare occupies a privileged position in economics. It contributed to the professionalization of economics, a goal aggressively and effectively pursued by Pigou's predecessor and teacher Alfred Marshall. The Economics of Welfare also may be credited with establishing welfare economics, by systematically analyzing market departures and their potential remedies. In writing The Economics of Welfare, Pigou built a bridge between the old and the new economics at Cambridge and in Britain. Much of the book remains relevant for contemporary economics. The list of his analyses that continues to play an important role in economics is impressive. Some of the more important include: public goods and externalities, welfare criteria, index number problems, price discrimination, the theory of the firm, the structure of relief programs for the poor, and public finance. Pigou's discussion of the institutional structure governing labor-market operations in his Wealth and Welfare prompted Schumpeter to call the work "the greatest venture in labor economics ever undertaken by a man who was primarily a theorist." The Economics of Welfare established welfare economics as a field of study. The first part analyzes the relationship between the national dividend and economic and total welfare. Parts II and III link the size of the dividend to the allocation of resources in the economy and the institutional structure governing labor-market operations. Part IV explores the relationship between the national dividend and its distribution. In her new introduction, Nahid Aslanbeigui discusses the life of Pigou and the history of The Economics of Welfare. She also discusses Pigou's theories as expressed in this volume and some of the criticisms those theories have met as well as the impact of those criticisms. The Economics of Welfare is a classic that repays careful study.

Free Trade Areas and Rules of Origin

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Publisher : International Monetary Fund
ISBN 13 : 1451875495
Total Pages : 31 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Free Trade Areas and Rules of Origin by : Mr.Arvind Panagariya

Download or read book Free Trade Areas and Rules of Origin written by Mr.Arvind Panagariya and published by International Monetary Fund. This book was released on 2003-11-01 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Incorporating intermediate inputs into a small-union general-equilibrium model, this paper first develops the welfare economics of preferential trading under the rules of origin (ROO) and then demonstrates that the ROO could improve the political viability of Free Trade Agreements (FTAs). Two interesting outcomes are derived. First, a welfare reducing FTA that was rejected in the absence of the ROO becomes feasible in the presence of these rules. Second, a welfare improving FTA that was rejected in the absence of the ROO is endorsed in their presence, but upon endorsement it becomes welfare inferior relative to the status quo.

The Welfare Economics of Public Policy

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Publisher : Edward Elgar Publishing
ISBN 13 : 1845421574
Total Pages : 706 pages
Book Rating : 4.8/5 (454 download)

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Book Synopsis The Welfare Economics of Public Policy by : Richard E. Just

Download or read book The Welfare Economics of Public Policy written by Richard E. Just and published by Edward Elgar Publishing. This book was released on 2005-01-01 with total page 706 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Welfare Economics of Public Policy is a great book that should be of interest to all economists interested in applied welfare analysis. It is a good reference book for economists studying the effects of public policy. Finally, it should be a useful textbook for students studying economic policy and applied welfare economics. Jean-Paul Chavas, American Journal of Agricultural Economics . . . a very comprehensive overview of the state of the art in welfare economics. It can be used as a teaching book for advanced students as well as a reference volume for researchers. This duality of possible uses is supported by the fact that very complex issues are presented in an easily readable manner. More technical aspects are then outlined in the appendices of the relevant chapters, offering colleagues the option to study formal considerations in more detail. . . a welcome addition to and expression of the knowledge base of agricultural economics. Stefan Mann, Journal of Agricultural Economics I am absolutely delighted that the authors have revised and republished this text. I have used the previous version for years in my graduate environmental economics course; usually I had to share the one copy I have with students and I felt it was a shame that these students did not have the opportunity to purchase the book since every serious environmental economist should have this volume on their shelf. It has been a continuous reference volume for me over the years and I am sure this is true of many others in the discipline. In the field of applied welfare analysis (spanning environmental economics, international trade, agricultural policy, etc.) there is no need for further elaboration when Just, Hueth and Schmitz is referenced. Everyone knows the book that is being referred to: the bible of applied welfare economics. Catherine Kling, Iowa State University, US For the record, I am one of the people who requested that the authors revise and re-issue their textbook. It is an extremely valuable book for applied economists; as with the previous edition, I will use it extensively in two of my courses and consult it frequently in my own research endeavors. Richard Adams, Oregon State University, US The original book is very well known in our profession and is still used in many classes. It will be wonderful to have a revised edition of this classic book. Colin Carter, University of California, Davis, US This outstanding text, a follow-up to the authors award-winning 1982 text, provides a thorough treatment of economic welfare theory and develops a complete theoretical and empirical framework for applied project and policy evaluation. The authors illustrate how this theory can be used to develop policy analysis from both theory and estimation in a variety of areas including: international trade, the economics of technological change, agricultural economics, the economics of information, environmental economics, and the economics of extractive and renewable natural resources. Building on willingness-to-pay (WTP) measures as the foundation for applied welfare economics, the authors develop measures for firms and households where households are viewed as both consumers and owner/sellers of resources. Possibilities are presented for (1) approximating WTP with consumer surplus, (2) measuring WTP exactly subject to errors in existing econometric work, and (3) using duality theory to specify econometric equations consistent with theory. Later chapters cover specific areas of welfare measurement under imperfect competition, uncertainty, incomplete information, externalities, and dynamic considerations. Applications are considered explicitly for policy issues related to information, international trade, the environment, agriculture, and other natural resource issues. The Welfare Economics of Public Policy is ideal for graduate and undergraduate courses in applied welfare economics, public policy, agricultural policy, and environmental economi

Handbook of Deep Trade Agreements

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Publisher : World Bank Publications
ISBN 13 : 1464815542
Total Pages : 768 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Handbook of Deep Trade Agreements by : Aaditya Mattoo

Download or read book Handbook of Deep Trade Agreements written by Aaditya Mattoo and published by World Bank Publications. This book was released on 2020-09-23 with total page 768 pages. Available in PDF, EPUB and Kindle. Book excerpt: Deep trade agreements (DTAs) cover not just trade but additional policy areas, such as international flows of investment and labor and the protection of intellectual property rights and the environment. Their goal is integration beyond trade or deep integration. These agreements matter for economic development. Their rules influence how countries (and hence, the people and firms that live and operate within them) transact, invest, work, and ultimately, develop. Trade and investment regimes determine the extent of economic integration, competition rules affect economic efficiency, intellectual property rights matter for innovation, and environmental and labor rules contribute to environmental and social outcomes. This Handbook provides the tools and data needed to analyze these new dimensions of integration and to assess the content and consequences of DTAs. The Handbook and the accompanying database are the result of collaboration between experts in different policy areas from academia and other international organizations, including the International Trade Centre (ITC), Organisation for Economic Co-operation and Development (OECD), United Nations Conference on Trade and Development (UNCTAD), and World Trade Organization (WTO).

The Global Welfare Impact of China

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Publisher : International Monetary Fund
ISBN 13 : 1475535236
Total Pages : 50 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis The Global Welfare Impact of China by : Mr.Julian Di Giovanni

Download or read book The Global Welfare Impact of China written by Mr.Julian Di Giovanni and published by International Monetary Fund. This book was released on 2012-03-01 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper evaluates the global welfare impact of China's trade integration and technological change in a quantitative Ricardian-Heckscher-Ohlin model implemented on 75 countries. We simulate two alternative productivity growth scenarios: a "balanced" one in which China's productivity grows at the same rate in each sector, and an "unbalanced" one in which China's comparative disadvantage sectors catch up disproportionately faster to the world productivity frontier. Contrary to a well-known conjecture (Samuelson, 2004), the large majority of countries in the sample, including the developed ones, experience an order of magnitude larger welfare gains when China's productivity growth is biased towards its comparative disadvantage sectors. We demonstrate both analytically and quantitatively that this finding is driven by the inherently multilateral nature of world trade. As a separate but related exercise we quantify the worldwide welfare gains from China's trade integration.

The Economics of Welfare

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Publisher :
ISBN 13 :
Total Pages : 822 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Economics of Welfare by : Arthur Cecil Pigou

Download or read book The Economics of Welfare written by Arthur Cecil Pigou and published by . This book was released on 1924 with total page 822 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Trade Policy and Economic Welfare

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Publisher : Oxford University Press
ISBN 13 : 0191638943
Total Pages : 318 pages
Book Rating : 4.1/5 (916 download)

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Book Synopsis Trade Policy and Economic Welfare by : W. Max. Corden

Download or read book Trade Policy and Economic Welfare written by W. Max. Corden and published by Oxford University Press. This book was released on 1997-02-20 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: The second edition of this classic text on international economics includes three completely new chapters on the environment and trade policy, strategic trade policy, and the relationship between trade policy and the exchange rate. The first edition introduced a number of ideas into policy circles; the new edition has been shortened and substantially revised to point up the themes that have subsequently become prominent in discussions of free trade and protection. Trade Policy and Economic Welfare expounds the normative theory of trade policy. It includes discussion of static and dynamic arguments for protection; effects of trade policy on income distribution, monopoly, X-efficieny, foreign investment and capital accumulation; protection of advanced-technology industries; the choice between tariffs and subsidies as methods of protection. The chapters are self-contained to allow flexible use of the book in teaching undergraduate courses on international trade and the economics of developing countries.

The Economics of Trade Protection

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Publisher : Cambridge University Press
ISBN 13 : 9780521346696
Total Pages : 328 pages
Book Rating : 4.3/5 (466 download)

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Book Synopsis The Economics of Trade Protection by : Neil Vousden

Download or read book The Economics of Trade Protection written by Neil Vousden and published by Cambridge University Press. This book was released on 1990-08-31 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past two decades there has been a gradual but fundamental change in the nature of trade protection. Even as international negotiation has succeeded in reducing tariffs to low levels, national governments have resorted to a range of increasingly intricate policies to protect their domestic industries from foreign competition. Direct quantitative restrictions on international trade have become particularly widespread. Such nontariff barriers often have very different effects from tariffs and require careful analysis in their own right. This book presents a systematic overview of the modern theory of trade protection. The material in the book divides naturally into four sections. The first section covers trade restrictions in competitive markets, the second trade restrictions and imperfect competition, the third the political economy of trade protection, and the fourth the theory of policy reform. The presentation makes extensive use of diagrams, with the more difficult mathematics included in six appendixes.

The Economics of Welfare

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Publisher :
ISBN 13 :
Total Pages : 1024 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis The Economics of Welfare by : Arthur Cecil Pigou

Download or read book The Economics of Welfare written by Arthur Cecil Pigou and published by . This book was released on 1920 with total page 1024 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Recent Developments in Normative Trade Theory and Welfare Economics

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Publisher : Springer
ISBN 13 : 9789811086144
Total Pages : 0 pages
Book Rating : 4.0/5 (861 download)

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Book Synopsis Recent Developments in Normative Trade Theory and Welfare Economics by : Binh Tran-Nam

Download or read book Recent Developments in Normative Trade Theory and Welfare Economics written by Binh Tran-Nam and published by Springer. This book was released on 2018-05-28 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume examines important topical issues in normative trade theory and welfare economics. In particular, it seeks to investigate how far the potential gainfulness of international trade can be extended in an increasingly globalized world. The first section focuses on the gains from trade in the presence of time-consuming consumption and external increasing returns to scale, which are often neglected in traditional trade theory. The next section considers a range of issues that have practical and policy relevance, including trade liberalization, tax reform, tourism, and international migration. The last section examines the impact of income transfers, both from domestic and international perspectives, and of economic policy making. All chapters of the book are contributed by internationally well-known researchers, including Murray Kemp, Henry Wan, Ngo Van Long and some of Murray Kemp's many colleagues and former students around the world. This book, with its up-to-date information and analysis, will be essential to academics and graduate students in the field of international economics. Trade theorists in research institutions and practicing economists in governmental departments will also find this book of great interest. ​

Globalization, Migration, and Welfare State

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Publisher : Springer Nature
ISBN 13 : 3030643921
Total Pages : 213 pages
Book Rating : 4.0/5 (36 download)

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Book Synopsis Globalization, Migration, and Welfare State by : Assaf Razin

Download or read book Globalization, Migration, and Welfare State written by Assaf Razin and published by Springer Nature. This book was released on 2021-01-25 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is about three key dimensions in economics—globalization, migration and the welfare state—that are of enduring interest. These issues are particularly important to consider at the present moment given the strains posed by the pandemic: there is at least a temporary setback to trade-globalization and migration, and the cost of fighting the pandemic will strain the ability of governments to provide welfare state services in a style and scope to which many of their citizens have become accustomed. The book explains the changing function of the welfare state in the presence of intensified globalization, or de-globalization, forces. The welfare state’s policy-maker attitudes toward openness and migration depend on open-economy fundamentals, and the income class it represents. The author demonstrates the interactions between migration, globalization and macroeconomic policy in practice, using real-world unique episodes, with Israel deemed as well-functioning trifecta, and the US and Europe as imperfectly functioning trifecta.