A Theory of International Trade: Capital, Knowledge, and Economic Structures

ISBN-13: 9783540669173 / Angielski / Miękka / 2000 / 192 str.

Wei-Bin Zhang

Opis

This book is concerned with dynamic relations between international division of labor, division of consumption and determination of prices structure within a perfectly competitive framework in global economy. Our analytical framework examines the issues related to trade which are raised in the traditional trade theories. It also provides insights into the issues related to interdependence between knowledge creation and utilization and international trade examined by the new trade theory. The comparative advantage of our theory is that in providing rich insights into the complex of international trade it only uses a few concepts and simplified functional forms and accepts few assumptions about behavior of consumers, producers and institutional structures.

Spis treści

Introduction.- The Ricardian Trade Theory; The Neoclassical Theory; The Heckscher-Ohlin Theory; Trade Theory with Capital Accumulation; Trade with Non-Constant Returns to Scale; Trade Theory with Endogenous Technology; The Structure of the Book; Global Growth and Trade Patterns.- The Trade Model with Capital Accumulation; The Two-Country Economy; Some Special Cases of the Two-Country Economy; Discussing the Multi-Country Case; Appendix; Equilibria and Stability in the Two-Country Economy; Growth, Trade, and Wealth Distribution among Groups.- The Dynamic Trade Theoy; Equilibrium of the World Economy; The Impact of the Propensity to Hold Wealth; The Impact of Human Capital; Trade, Time Distribution, and Sexual Division of Labor.- International Trade with Sexual Division of Labor.- Equilibrium of the Global Economy; Time Allocation and Trade Patterns; The Impact of the Wife`s Human Capital; Concluding Remarks; Growth and Trade Patterns with National Public Goods.- The Trade Model with Public Goods; Equilibria of the Global Economy; The Impact of Changes in the Tax Rate; The Impact of Changes in the Population; Growth, Trade, and International Migration.- The Growth Model with Trade and Migration; Equilibrium of the Global Economy; The Impact of Amenity on Trade and Migration; The Impact of Human Capital on Trade and Migration; Concluding Remarks; Trade with Endogenous Capital and Knowledge.- The Model with Capital and Knowledge; The Dynamics of the Trade System; The Global Economy in the Autarky System; A Comparison of the Autarky and Trade Systems; Concluding Remarks; Global Economic Growth with Trade and Research.- The Model with Trade and Research; The Dynamics of the Free Trade System; Equilibria and Stability Conditions; Does Free Trade Benefit the World Economy?; The Impact of Knowledge Accumulation Efficiency; Research; Knowledge, and Trade; Appendix; Equilibria and Stability of the Autarky System; Trade Patterns in a Multi-Group and Multt-Sector Global Economy.- The Multi-Group and Multi-Sector Model; The Existence of Equilibrium; The Impact of Labor Force and Land; The Impact of Landlord`s Propensity to Consume Foreign Goods; Concluding Remarks; Appendix; Checking Lemma 9.3.2; Global Growth, Trade, and Economic Structures.- The Growth Model with Trade and Structures; The Dynamic Properties of the System; The Savings Rates and the World Economy; Appendix; Proving Proposition 10.2.1; Proving Proposition 10.2.2; A Multi-Sector Trade Model with Endogenous Knowledge.- The Multi-Sector Model with Endogenous Knowledge; Equilibria and Stability; The Impact of Knowledge Accumulation Efficiency; The Impact of the Preference for Foreign Goods; Appendix; Proving Proposition 11.2.1; Proving Proposition 11.2.2; Further Issues on International Trade.