Trade And Growth In The Presence Of Distortions

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Trade and Growth in the Presence of Distortions

Author : Mr.James H Cassing
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781451860313
Total Pages : 32 pages
Book Rating : 4.8/5 (63 download)

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Book Synopsis Trade and Growth in the Presence of Distortions by : Mr.James H Cassing

Download or read book Trade and Growth in the Presence of Distortions written by Mr.James H Cassing and published by INTERNATIONAL MONETARY FUND. This book was released on 2005-01-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tariffs and other policy distortions typically lower real national income relative to what it otherwise would have been for any given rate of factor accumulation. Even while lowering real income, however, policy distortions may raise an economy's real measured growth rate and so, somewhat deceivingly, give the impression that national welfare has benefited from things like tariff protection. This would be an incorrect conclusion. This paper discusses the issue of how protection can affect the rate of growth for a small, open economy. As shown by Johnson (1970), in the presence of exogenously given factor accumulation, tariffs either raise or lower an economy's growth rate (measured by the change in the value of output at world prices), relative to the no-distortion growth rate. We also discuss the relevance of this result for tariff uniformity, "tariff jumping" foreign direct investment, and the empirical literature on trade and growth. Finally we use a numerical simulation model of Egypt to assess whether the costs of its tax distortions have increased or declined over time.

Openness and Trade Distortions in the Empirics of Economic Growth

Author : Faruk Ashraf Khan
Publisher :
ISBN 13 :
Total Pages : 128 pages
Book Rating : 4.:/5 (339 download)

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Book Synopsis Openness and Trade Distortions in the Empirics of Economic Growth by : Faruk Ashraf Khan

Download or read book Openness and Trade Distortions in the Empirics of Economic Growth written by Faruk Ashraf Khan and published by . This book was released on 1995 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Trade, Growth, and the Balance of Payments

Author : Robert E. Baldwin
Publisher :
ISBN 13 :
Total Pages : 284 pages
Book Rating : 4.4/5 (91 download)

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Book Synopsis Trade, Growth, and the Balance of Payments by : Robert E. Baldwin

Download or read book Trade, Growth, and the Balance of Payments written by Robert E. Baldwin and published by . This book was released on 1965 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bibliographical footnotes. Optimal trade intervention in the presence of domestic distortions, by H.G. Johnson.--Equalization by trade of the interest rate along with the real wage, by P.A. Samuelson.--On the equivalence of tariffs and quotas, by J. Bhagwati.--Tariff-cutting techniques in the Kennedy round, by R.E. Baldwin.--Some aspects of policies for freer trade, by B. Ohlin.--"Vent for surplus" models of trade and growth, by R.E. Caves.--International, National, regional, and local industries, by J. Tinbergen.--The multiplier if imports are for investments, by W.F. Stolper.--Trade, speculation, and the forward exchange rate, by P.B. Kenen.--Monetary stability as a precondition for economic integration, by R. Kamitz.--Adjustment, compensatory correction, and financing of imbalances in international payments, by F. Machlup.--Interest rates and the balance of payments: an analysis of the Swiss experience, by J. Niehans. Germany's persistent balance-of-payments disequilibrium, by C.P. Kindleberger.--Competition and growth: the lesson of the United States balance of payments, by E. Sohmen.

International trade, distortions and long-run economic growth

Author : Jong-Wha Lee
Publisher :
ISBN 13 :
Total Pages : 35 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis International trade, distortions and long-run economic growth by : Jong-Wha Lee

Download or read book International trade, distortions and long-run economic growth written by Jong-Wha Lee and published by . This book was released on 1992 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Growth, Distortions, and Patterns of Trade Among Many Countries

Author : Anne O. Krueger
Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Growth, Distortions, and Patterns of Trade Among Many Countries by : Anne O. Krueger

Download or read book Growth, Distortions, and Patterns of Trade Among Many Countries written by Anne O. Krueger and published by . This book was released on 1977 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Pure Theory of International Trade and Distortions

Author : Bharat R. Hazari
Publisher : John Wiley & Sons
ISBN 13 :
Total Pages : 266 pages
Book Rating : 4.:/5 (44 download)

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Book Synopsis The Pure Theory of International Trade and Distortions by : Bharat R. Hazari

Download or read book The Pure Theory of International Trade and Distortions written by Bharat R. Hazari and published by John Wiley & Sons. This book was released on 1978 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Growth, Distortions & Patterns of Trade Among Many Countries

Author : Anne Krueger
Publisher :
ISBN 13 : 9780318817361
Total Pages : pages
Book Rating : 4.8/5 (173 download)

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Book Synopsis Growth, Distortions & Patterns of Trade Among Many Countries by : Anne Krueger

Download or read book Growth, Distortions & Patterns of Trade Among Many Countries written by Anne Krueger and published by . This book was released on 1986-02-01 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Shadow Prices in a Small Open Economy in the Presence of Trade Distortions

Author : Basudeb Biswas
Publisher :
ISBN 13 :
Total Pages : 19 pages
Book Rating : 4.:/5 (16 download)

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Book Synopsis Shadow Prices in a Small Open Economy in the Presence of Trade Distortions by : Basudeb Biswas

Download or read book Shadow Prices in a Small Open Economy in the Presence of Trade Distortions written by Basudeb Biswas and published by . This book was released on 1982 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Macroeconomic Fluctuations and Policies

Author : Edouard Challe
Publisher : MIT Press
ISBN 13 : 0262549298
Total Pages : 361 pages
Book Rating : 4.2/5 (625 download)

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Book Synopsis Macroeconomic Fluctuations and Policies by : Edouard Challe

Download or read book Macroeconomic Fluctuations and Policies written by Edouard Challe and published by MIT Press. This book was released on 2023-09-19 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: The basic tools for analyzing macroeconomic fluctuations and policies, applied to concrete issues and presented within an integrated New Keynesian framework. This textbook presents the basic tools for analyzing macroeconomic fluctuations and policies and applies them to contemporary issues. It employs a unified New Keynesian framework for understanding business cycles, major crises, and macroeconomic policies, introducing students to the approach most often used in academic macroeconomic analysis and by central banks and international institutions. The book addresses such topics as how recessions and crises spread; what instruments central banks and governments have to stimulate activity when private demand is weak; and what “unconventional” macroeconomic policies might work when conventional monetary policy loses its effectiveness (as has happened in many countries in the aftermath of the Great Recession.). The text introduces the foundations of modern business cycle theory through the notions of aggregate demand and aggregate supply, and then applies the theory to the study of regular business-cycle fluctuations in output, inflation, and employment. It considers conventional monetary and fiscal policies aimed at stabilizing the business cycle, and examines unconventional macroeconomic policies, including forward guidance and quantitative easing, in situations of “liquidity trap”—deep crises in which conventional policies are either ineffective or have very different effects than in normal time. This book is the first to use the New Keynesian framework at the advanced undergraduate level, connecting undergraduate learning not only with the more advanced tools taught at the graduate level but also with the large body of policy-oriented research in academic journals. End-of-chapter problems help students master the materials presented.

Trade, Distortion and Growth

Author :
Publisher : Concept Publishing Company
ISBN 13 :
Total Pages : 260 pages
Book Rating : 4./5 ( download)

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Book Synopsis Trade, Distortion and Growth by :

Download or read book Trade, Distortion and Growth written by and published by Concept Publishing Company. This book was released on with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt:

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.

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.

Changing Patterns of Global Trade

Author : Nagwa Riad
Publisher : International Monetary Fund
ISBN 13 : 1463973101
Total Pages : 87 pages
Book Rating : 4.4/5 (639 download)

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Book Synopsis Changing Patterns of Global Trade by : Nagwa Riad

Download or read book Changing Patterns of Global Trade written by Nagwa Riad and published by International Monetary Fund. This book was released on 2012-01-15 with total page 87 pages. Available in PDF, EPUB and Kindle. Book excerpt: Changing Patterns of Global Trade outlines the factors underlying important shifts in global trade that have occurred in recent decades. The emergence of global supply chains and their increasing role in trade patterns allowed emerging market economies to boost their inputs in high-technology exports and is associated with increased trade interconnectedness.The analysis points to one important trend taking place over the last decade: the emergence of China as a major systemically important trading hub, reflecting not only the size of trade but also the increase in number of its significant trading partners.

The Distorted Economy

Author : H. Blomqvist
Publisher : Springer
ISBN 13 : 1403914346
Total Pages : 265 pages
Book Rating : 4.4/5 (39 download)

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Book Synopsis The Distorted Economy by : H. Blomqvist

Download or read book The Distorted Economy written by H. Blomqvist and published by Springer. This book was released on 2002-10-14 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: An economy does not always work according to idealized textbook models. Frequently, economic systems are subject to wide-ranging distortions and require remedy via subsidy and taxes to restore their social optimum. In The Distorted Economy, Hans C. Blomqvist and Mats Lundahl describe how to tackle the various distortions on goods and factor markets and apply their analytic framework to several case studies such as the trade policy of developing countries, apartheid in South Africa and socialist planned economies. The authors offer an important and timely analysis of the cause, effect and resolution of distortions in the economy.

The Elusive Quest for Growth

Author : William R. Easterly
Publisher : MIT Press
ISBN 13 : 0262260654
Total Pages : 443 pages
Book Rating : 4.2/5 (622 download)

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Book Synopsis The Elusive Quest for Growth by : William R. Easterly

Download or read book The Elusive Quest for Growth written by William R. Easterly and published by MIT Press. This book was released on 2002-08-02 with total page 443 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why economists' attempts to help poorer countries improve their economic well-being have failed. Since the end of World War II, economists have tried to figure out how poor countries in the tropics could attain standards of living approaching those of countries in Europe and North America. Attempted remedies have included providing foreign aid, investing in machines, fostering education, controlling population growth, and making aid loans as well as forgiving those loans on condition of reforms. None of these solutions has delivered as promised. The problem is not the failure of economics, William Easterly argues, but the failure to apply economic principles to practical policy work. In this book Easterly shows how these solutions all violate the basic principle of economics, that people—private individuals and businesses, government officials, even aid donors—respond to incentives. Easterly first discusses the importance of growth. He then analyzes the development solutions that have failed. Finally, he suggests alternative approaches to the problem. Written in an accessible, at times irreverent, style, Easterly's book combines modern growth theory with anecdotes from his fieldwork for the World Bank.

Perspectives on Trade and Development

Author : Anne O. Krueger
Publisher : University of Chicago Press
ISBN 13 : 9780226454900
Total Pages : 414 pages
Book Rating : 4.4/5 (549 download)

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Book Synopsis Perspectives on Trade and Development by : Anne O. Krueger

Download or read book Perspectives on Trade and Development written by Anne O. Krueger and published by University of Chicago Press. This book was released on 1990-04-17 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developing countries typically have wage rates that are a small fraction of those in developed countries. Trade theories traditionally attributed this difference to two factors: the relative abundance of the labor supply in the two countries and the relative value of the goods produced. These factors, however, inadequately explain the full differential in almost every comparison of developed and developing countries since the second World War. Providing an important and original perspective for understanding both the development process and policies aimed at raising the standard of living in poorer nations, Perspectives on Trade and Development gathers sixteen of Anne O. Krueger's most important essays on international trade and development economics. Her essays discuss the relationships between trade strategies and development; the links between factor endowments, developing countries' policies, and trade strategies in terms of their growth; the role of economic policy in development; and the international economic environment in which development efforts are taking place. Her analyses are extended to trade and development policies generally, and account for a substantial part of the residue unexplained by past theories. This insightful contribution by an influential scholar will be essential reading for all scholars of trade and development.

Collected Works of Harry G. Johnson

Author : Harry G. Johnson
Publisher : Routledge
ISBN 13 : 1135050368
Total Pages : 2783 pages
Book Rating : 4.1/5 (35 download)

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Book Synopsis Collected Works of Harry G. Johnson by : Harry G. Johnson

Download or read book Collected Works of Harry G. Johnson written by Harry G. Johnson and published by Routledge. This book was released on 2021-12-02 with total page 2783 pages. Available in PDF, EPUB and Kindle. Book excerpt: Supervised by Maurice Dobb, Harry Johnson was particularly impressed by the breadth and the ideas of Joseph Schumpeter, which greatly influenced his writings in later years. Johnson made many contributions to the development of Heckscher-Ohlin theory and also helped to found the monetary approach to the balance of payments. He wrote many surveys of monetary economics that helped to clarify the issues in question.