Trade Liberalization And Economic Growth In An Endogenous Growth Theoretic Framework

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Trade Liberalization

Author : Romain Wacziarg
Publisher : Edward Elgar Publishing
ISBN 13 : 9781788111492
Total Pages : 0 pages
Book Rating : 4.1/5 (114 download)

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Book Synopsis Trade Liberalization by : Romain Wacziarg

Download or read book Trade Liberalization written by Romain Wacziarg and published by Edward Elgar Publishing. This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This compelling two-volume collection presents the major literary contributions to the economic analysis of the consequences of trade liberalization on growth, productivity, labor market outcomes and economic inequality. Examining the classical theories that stress gains from trade stemming from comparative advantage, the selection also comprises more recent theories of imperfect competition, where any potential gains from trade can stem from competitive effects or the international transmission of knowledge. Empirical contributions provide evidence regarding the explanatory power of these various theories, including work on the effects of trade openness on economic growth, wages, and income inequality, as well as evidence on the effects of trade on firm productivity, entry and exit. Prefaced by an original introduction from the editor, the collection will to be an invaluable research resource for academics, practitioners and those drawn to this fascinating topic.

Trade and the Environment

Author : Brian R. Copeland
Publisher : Princeton University Press
ISBN 13 : 9780691124001
Total Pages : 312 pages
Book Rating : 4.1/5 (24 download)

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Book Synopsis Trade and the Environment by : Brian R. Copeland

Download or read book Trade and the Environment written by Brian R. Copeland and published by Princeton University Press. This book was released on 2005-08-07 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nowhere has the divide between advocates and critics of globalization been more striking than in debates over free trade and the environment. And yet the literature on the subject is high on rhetoric and low on results. This book is the first to systematically investigate the subject using both economic theory and empirical analysis. Brian Copeland and Scott Taylor establish a powerful theoretical framework for examining the impact of international trade on local pollution levels, and use it to offer a uniquely integrated treatment of the links between economic growth, liberalized trade, and the environment. The results will surprise many. The authors set out the two leading theories linking international trade to environmental outcomes, develop the empirical implications, and examine their validity using data on measured sulfur dioxide concentrations from over 100 cities worldwide during the period from 1971 to 1986. The empirical results are provocative. For an average country in the sample, free trade is good for the environment. There is little evidence that developing countries will specialize in pollution-intensive products with further trade. In fact, the results suggest just the opposite: free trade will shift pollution-intensive goods production from poor countries with lax regulation to rich countries with tight regulation, thereby lowering world pollution. The results also suggest that pollution declines amid economic growth fueled by economy-wide technological progress but rises when growth is fueled by capital accumulation alone. Lucidly argued and authoritatively written, this book will provide students and researchers of international trade and environmental economics a more reliable way of thinking about this contentious issue, and the methodological tools with which to do so.

The Economics of Growth

Author : Philippe Aghion
Publisher : MIT Press
ISBN 13 : 0262553104
Total Pages : 519 pages
Book Rating : 4.2/5 (625 download)

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Book Synopsis The Economics of Growth by : Philippe Aghion

Download or read book The Economics of Growth written by Philippe Aghion and published by MIT Press. This book was released on 2024-09-17 with total page 519 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive, rigorous, and up-to-date introduction to growth economics that presents all the major growth paradigms and shows how they can be used to analyze the growth process and growth policy design. This comprehensive introduction to economic growth presents the main facts and puzzles about growth, proposes simple methods and models needed to explain these facts, acquaints the reader with the most recent theoretical and empirical developments, and provides tools with which to analyze policy design. The treatment of growth theory is fully accessible to students with a background no more advanced than elementary calculus and probability theory; the reader need not master all the subtleties of dynamic programming and stochastic processes to learn what is essential about such issues as cross-country convergence, the effects of financial development on growth, and the consequences of globalization. The book, which grew out of courses taught by the authors at Harvard and Brown universities, can be used both by advanced undergraduate and graduate students, and as a reference for professional economists in government or international financial organizations. The Economics of Growth first presents the main growth paradigms: the neoclassical model, the AK model, Romer's product variety model, and the Schumpeterian model. The text then builds on the main paradigms to shed light on the dynamic process of growth and development, discussing such topics as club convergence, directed technical change, the transition from Malthusian stagnation to sustained growth, general purpose technologies, and the recent debate over institutions versus human capital as the primary factor in cross-country income differences. Finally, the book focuses on growth policies—analyzing the effects of liberalizing market competition and entry, education policy, trade liberalization, environmental and resource constraints, and stabilization policy—and the methodology of growth policy design. All chapters include literature reviews and problem sets. An appendix covers basic concepts of econometrics.

Trade Liberalization

Author : Robert A. Rogowsky
Publisher : Praeger
ISBN 13 : 0275974022
Total Pages : 0 pages
Book Rating : 4.2/5 (759 download)

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Book Synopsis Trade Liberalization by : Robert A. Rogowsky

Download or read book Trade Liberalization written by Robert A. Rogowsky and published by Praeger. This book was released on 2001-05-30 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examining the often-expressed concerns about trade liberalization, the authors assess both the facts and common perceptions underlying the issues. Research shows that some popular concerns about trade are factually based, but others are less well supported or arise from apparent misunderstandings of the way international markets work. This form of presentation both highlights the current divergence of views and demonstrates the extent to which either new research or better public dissemination of existing research might lead toward greater consensus. The authors examine seven often-expressed concerns about trade liberalization to assess both the facts and common perceptions underlying the issues. • Trade's effect on manufacturing jobs • Trade's effect on wage and income inequality • Trade deficits • U.S. economic exposure to foreign-market instability • The threat to sovereignty • Trade's effect on the environment • Health and safety After briefly summarizing the concerns raised in each area, the authors review a large body of recent economic and legal literature. Plain statements by advocates of a particular position on an issue appear alongside discussion of more formal economic or legal analysis of the same issue. This form of presentation both highlights the current divergence of views and demonstrates the extent to which either new research or better public dissemination of existing research might lead toward greater consensus.

NBER Macroeconomics Annual 2000

Author : Ben Bernanke
Publisher : Mit Press
ISBN 13 : 9780262025034
Total Pages : 418 pages
Book Rating : 4.0/5 (25 download)

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Book Synopsis NBER Macroeconomics Annual 2000 by : Ben Bernanke

Download or read book NBER Macroeconomics Annual 2000 written by Ben Bernanke and published by Mit Press. This book was released on 2001-02-19 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: The NBER Macroeconomics Annual presents, extends, and applies pioneering work in macroeconomics and stimulates work by macroeconomists on important policy issues. Each paper in the Annual is followed by comments and discussion.

Modern Political Economy And Latin America

Author : Jeffry A Frieden
Publisher : Routledge
ISBN 13 : 0429967446
Total Pages : 369 pages
Book Rating : 4.4/5 (299 download)

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Book Synopsis Modern Political Economy And Latin America by : Jeffry A Frieden

Download or read book Modern Political Economy And Latin America written by Jeffry A Frieden and published by Routledge. This book was released on 2018-05-04 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a reader that applies the newest debates in political economy to the analysis of Latin America in a way that is thematically and theoretically cohesive.. Modern Political Economy and Latin America consists of carefully selected, edited readings in Latin American political economy. The editors, Jeffry Frieden and Manuel Pastor, Jr., include an introductory chapter, and a concluding article as well as brief introductions to all sections. These inclusions will make explicit the theoretical underpinnings of each article, and will highlight their respective contributions to the ongoing debates in Latin America. } Modern Political Economy and Latin America consists of carefully selected, edited readings in Latin American political economy. The editors, Jeffry Frieden and Manuel Pastor, Jr., include an introductory chapter, and a concluding article as well as brief introductions to all sections. These inclusions will make explicit the theoretical underpinnings of each article, and will highlight their respective contributions to the ongoing debates in Latin America.Latin American economies are undergoing profound transformations. And, in the wake of a decade-long debt crisis, the statist models of the past are giving way to a reliance on the market even as authoritarian rule seems to have ebbed in favor of new or reborn democratic institutions. As a result, the policy framework guiding economic and political development is likely to be fundamentally different. The analysis of Latin America needs a strong dose of modern political economy--one that can bring the area studies field up to date with the recent developments on the theoretical end of the economics and political science professions. This book helps fill that need. }

World Development Report 2020

Author : World Bank
Publisher : World Bank Publications
ISBN 13 : 1464814953
Total Pages : 545 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis World Development Report 2020 by : World Bank

Download or read book World Development Report 2020 written by World Bank and published by World Bank Publications. This book was released on 2019-11-19 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global value chains (GVCs) powered the surge of international trade after 1990 and now account for almost half of all trade. This shift enabled an unprecedented economic convergence: poor countries grew rapidly and began to catch up with richer countries. Since the 2008 global financial crisis, however, the growth of trade has been sluggish and the expansion of GVCs has stalled. Meanwhile, serious threats have emerged to the model of trade-led growth. New technologies could draw production closer to the consumer and reduce the demand for labor. And trade conflicts among large countries could lead to a retrenchment or a segmentation of GVCs. World Development Report 2020: Trading for Development in the Age of Global Value Chains examines whether there is still a path to development through GVCs and trade. It concludes that technological change is, at this stage, more a boon than a curse. GVCs can continue to boost growth, create better jobs, and reduce poverty provided that developing countries implement deeper reforms to promote GVC participation; industrial countries pursue open, predictable policies; and all countries revive multilateral cooperation.

Essays on Balance of Payments Constrained Growth

Author : John McCombie
Publisher : Routledge
ISBN 13 : 1134340311
Total Pages : 351 pages
Book Rating : 4.1/5 (343 download)

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Book Synopsis Essays on Balance of Payments Constrained Growth by : John McCombie

Download or read book Essays on Balance of Payments Constrained Growth written by John McCombie and published by Routledge. This book was released on 2004-03-26 with total page 351 pages. Available in PDF, EPUB and Kindle. Book excerpt: This impressive collection explores the relationship between a country's balance of payments and their rate of economic growth.

Endogenous Innovation

Author : Cristiano Antonelli
Publisher : Edward Elgar Publishing
ISBN 13 : 178254514X
Total Pages : 304 pages
Book Rating : 4.7/5 (825 download)

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Book Synopsis Endogenous Innovation by : Cristiano Antonelli

Download or read book Endogenous Innovation written by Cristiano Antonelli and published by Edward Elgar Publishing. This book was released on with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: This ground-breaking new book builds upon the Schumpeterian creative response. The author shows that firms, in out-of-equilibrium conditions, try and react by means of introducing innovations. The success of their reaction is contingent upon their access conditions to knowledge, which are shaped by the system in which they operate. The emergence of new innovations can, in turn, knock firms further out-of-equilibrium and cause changes in the system properties that govern their access to external knowledge. This path dependent loop of interactions between the system properties and the individual actions of firms, accounts for endogenous innovation and the dynamics of the system.

Handbook of Economic Growth

Author : Philippe Aghion
Publisher : Newnes
ISBN 13 : 0444535470
Total Pages : 1172 pages
Book Rating : 4.4/5 (445 download)

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Book Synopsis Handbook of Economic Growth by : Philippe Aghion

Download or read book Handbook of Economic Growth written by Philippe Aghion and published by Newnes. This book was released on 2013-12-20 with total page 1172 pages. Available in PDF, EPUB and Kindle. Book excerpt: Volumes 2A and 2B of The Handbook of Economic Growth summarize recent advances in theoretical and empirical work while offering new perspectives on a range of growth mechanisms, from the roles played by institutions and organizations to the ways factors beyond capital accumulation and technological change can affect growth. Written by research leaders, the chapters summarize and evaluate recent advances while explaining where further research might be profitable. With analyses that are provocative and controversial because they are so directly relevant to public policy and private decision-making, these two volumes uphold the standard for excellence in applied economics set by Volumes 1A and 1B (2005). - Offers definitive theoretical and empirical scholarship about growth economics - Empowers readers to evaluate the work of other economists and to plan their own research projects - Demonstrates the value of empirical testing, with its implicit conclusion that our understanding of economic growth will help everyone make better decisions

Challenges to Globalization

Author : Robert E. Baldwin
Publisher : University of Chicago Press
ISBN 13 : 0226036553
Total Pages : 560 pages
Book Rating : 4.2/5 (26 download)

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Book Synopsis Challenges to Globalization by : Robert E. Baldwin

Download or read book Challenges to Globalization written by Robert E. Baldwin and published by University of Chicago Press. This book was released on 2007-11-01 with total page 560 pages. Available in PDF, EPUB and Kindle. Book excerpt: People passionately disagree about the nature of the globalization process. The failure of both the 1999 and 2003 World Trade Organization's (WTO) ministerial conferences in Seattle and Cancun, respectively, have highlighted the tensions among official, international organizations like the WTO, the International Monetary Fund (IMF), the World Bank, nongovernmental and private sector organizations, and some developing country governments. These tensions are commonly attributed to longstanding disagreements over such issues as labor rights, environmental standards, and tariff-cutting rules. In addition, developing countries are increasingly resentful of the burdens of adjustment placed on them that they argue are not matched by commensurate commitments from developed countries. Challenges to Globalization evaluates the arguments of pro-globalists and anti-globalists regarding issues such as globalization's relationship to democracy, its impact on the environment and on labor markets including the brain drain, sweat shop labor, wage levels, and changes in production processes, and the associated expansion of trade and its effects on prices. Baldwin, Winters, and the contributors to this volume look at multinational firms, foreign investment, and mergers and acquisitions and present surprising findings that often run counter to the claim that multinational firms primarily seek countries with low wage labor. The book closes with papers on financial opening and on the relationship between international economic policies and national economic growth rates.

Trade Liberalization and Endogenous Growth in a Small Open Economy

Author : Thomas Fox Rutherford
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4./5 ( download)

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Book Synopsis Trade Liberalization and Endogenous Growth in a Small Open Economy by : Thomas Fox Rutherford

Download or read book Trade Liberalization and Endogenous Growth in a Small Open Economy written by Thomas Fox Rutherford and published by World Bank Publications. This book was released on 1998 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: September 1998 Although trade liberalization has been linked econometrically and through casual empiricism to large income increases, attempts to quantify its impact in static simulation models have shown estimated gains. This paper shows that when the endogenous dynamic effects of trade liberalization are built into simulation models, the estimated gains are indeed very large. But complementary regulatory, financial market, and macroeconomic reforms are important to realize the largest gains. Rutherford and Tarr develop a numerical endogenous growth model approximating an infinite horizon, which allows them to investigate the relationship between trade liberalization and economic growth. Economic theory generally implies that trade liberalization will improve economic growth, and the two phenomena are positively correlated in empirical tests, but the connection is not well-substantiated in numerical general equilibrium models. In the authors' model, an intermediate input affects aggregate output through a Dixit-Stiglitz function. Additional varieties provide the engine of growth in this framework and the existence of this mechanism magnifies the welfare costs. In this model with lump sum revenue replacement, reducing a tariff from 20 percent to 10 percent produces a welfare increase (in terms of Hicksian equivalent variation over the infinite horizon) of 10.7 percent of the present value of consumption in their central model, where the economy is assumed to be unable to borrow on international financial markets. If macroeconomic and financial reforms are in place that would allow international borrowing, however, the same tariff cut is estimated to result in a 37 percent increase in Hicksian equivalent variation. On the other hand, if inefficient replacement taxes must be used in an economy without the capacity to borrow internationally, the gains would be reduced to 4.7 percent. Larger tariff cuts-typical of those in many developing countries over the past 30 years-produce larger estimated welfare gains at least proportionate to the size of the cut. The authors apply the model to five developing countries and estimate the impact of the tariff changes those countries plan to undertake as part of Uruguay Round commitments. Because of the dynamic effects, estimated gains are considerably larger than those found in the literature on the impact of the Uruguay Round. This paper-a product of Trade, Development Research Group-is part of a larger effort in the group to assess the impact of trade and investment on economic growth. The study was funded by the Bank's Research Support Budget under the research project The Dynamic Impact of Trade Liberalization in Developing Countries (RPO 681-40). David Tarr may be contacted at [email protected].

India's and China's Recent Experience with Reform and Growth

Author : W. Tseng
Publisher : Springer
ISBN 13 : 0230505759
Total Pages : 330 pages
Book Rating : 4.2/5 (35 download)

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Book Synopsis India's and China's Recent Experience with Reform and Growth by : W. Tseng

Download or read book India's and China's Recent Experience with Reform and Growth written by W. Tseng and published by Springer. This book was released on 2005-10-28 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: Can China and India continue to rank among the fastest expanding economies? This book highlights what has worked and what more needs to be done to ensure sustained rapid economic growth and poverty reduction. Addressing the two countries' recent experiences with growth and reform, this book provides important insight for other developing economies.

Heckscher-Ohlin Trade Theory

Author : Eli Filip Heckscher
Publisher : MIT Press (MA)
ISBN 13 :
Total Pages : 248 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Heckscher-Ohlin Trade Theory by : Eli Filip Heckscher

Download or read book Heckscher-Ohlin Trade Theory written by Eli Filip Heckscher and published by MIT Press (MA). This book was released on 1991 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the corrected and first complete translation from Swedish of Heckscher's 1919 article on foreign trade as well as a translation from Swedish of Ohlin's 1924 Ph.D. dissertation, the main source of the now famous Heckscher-Ohlin theorem.

Using Shadow Prices

Author : Ian Malcolm David Little
Publisher : Heinemann Educational Publishers
ISBN 13 :
Total Pages : 288 pages
Book Rating : 4.:/5 (321 download)

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Book Synopsis Using Shadow Prices by : Ian Malcolm David Little

Download or read book Using Shadow Prices written by Ian Malcolm David Little and published by Heinemann Educational Publishers. This book was released on 1976 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Textbook on economic analysis applications in project evaluation methodology originally devised by little and mirrlees - comprises case studies and economic models of the relevance of accounting prices (shadow pricing) in economic planning and programme planning. Bibliographys, references and statistical tables.

Finance and Growth

Author : Ross Levine
Publisher :
ISBN 13 :
Total Pages : 130 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Finance and Growth by : Ross Levine

Download or read book Finance and Growth written by Ross Levine and published by . This book was released on 2004 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper reviews, appraises, and critiques theoretical and empirical research on the connections between the operation of the financial system and economic growth. While subject to ample qualifications and countervailing views, the preponderance of evidence suggests that both financial intermediaries and markets matter for growth and that reverse causality alone is not driving this relationship. Furthermore, theory and evidence imply that better developed financial systems ease external financing constraints facing firms, which illuminates one mechanism through which financial development influences economic growth. The paper highlights many areas needing additional research"--NBER website

Measuring and Analyzing the Impact of GVCs on Economic Development

Author : World Trade Organization
Publisher : World Trade Organization
ISBN 13 : 9789287041258
Total Pages : 0 pages
Book Rating : 4.0/5 (412 download)

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Book Synopsis Measuring and Analyzing the Impact of GVCs on Economic Development by : World Trade Organization

Download or read book Measuring and Analyzing the Impact of GVCs on Economic Development written by World Trade Organization and published by World Trade Organization. This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report is about a huge contribution to our deepening understanding of what the global economy really means and how it is changing. The report helpfully distinguishes elements of an economy that are tradable and the large set that are non-tradable. Clearly the tradables set is expanding with the support of enabling technology. The report argues that connectivity in the networks that define the evolving architecture of GVCs is important. This Global Value Chain Development Report is the result of intensive and detailed work in assembling and analyzing data on the structure of economies and on how they are linked. It creates a much clearer picture of evolving patterns of independence. It also presents a much clearer picture of comparative advantage. --Publisher description.