Three Essays In International Trade Theory
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Three Essays In International Trade Theory
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Author : Eric O'Neill Fisher
language : en
Publisher:
Release Date : 1985
Three Essays In International Trade Theory written by Eric O'Neill Fisher and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1985 with categories.
Three Essays In International Trade Theory And Industrial Analysis
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Author : YongKyun Cho
language : en
Publisher:
Release Date : 1992
Three Essays In International Trade Theory And Industrial Analysis written by YongKyun Cho and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Economic development categories.
Three Essays On Increasing Returns To Scale And International Trade Theory
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Author : Min Tang
language : en
Publisher:
Release Date : 1989
Three Essays On Increasing Returns To Scale And International Trade Theory written by Min Tang and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Commerce categories.
In this thesis, we consider the trading world economy with some firms exhibiting increasing returns to scale technology. We focus on the problems of existence of equilibrium, gains from trade and the effects of increasing returns in developing countries. The dissertation consists of three independent essays. The first essay proves the existence of a world trade equilibrium under a special pricing rule--marginal cost pricing. Our results support an internationally decentralized subsidy arrangement. In addition, we show that the equilibrium existence results of Debreu (1959) and Grandmont and McFadden (1972) can be derived as a special case of ours. The second essay shows that for a small country there exists at least one free trade marginal cost equilibrium which is Pareto non-inferior to autarky regardless of variable returns to scale. The result can be applied to three kinds of economies: a centrally planned economy with one consumer; a multi-consumer economy with lump-sum transfers; and a multi-consumer economy without lump-sum transfers but with feasible commodity taxes. The paper reports a generalization of the result of Dixit and Norman (1986) on the gains from trade without lump-sum compensation. The third essay deals with the effects of increasing returns on developing countries. We find that a rapidly growing developing country which is oriented toward the rest of the world may exhibit strongly increasing returns. Moreover, it may enjoy comparative advantage in the increasing returns sectors. The policy implication is that developing countries should extend the industries with increasing returns in order to enjoy the gains from economies of scale.
Three Essays In The New International Trade Theory
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Author : Taiji Furusawa
language : en
Publisher:
Release Date : 1994
Three Essays In The New International Trade Theory written by Taiji Furusawa and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with categories.
Three Essays In The Theory Of International Trade Under Uncertainty
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Author : Timothy Leonard Fries
language : en
Publisher:
Release Date : 1982
Three Essays In The Theory Of International Trade Under Uncertainty written by Timothy Leonard Fries and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with Commerce categories.
Three Essays On International Trade
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Author : Su Wang (Ph. D.)
language : en
Publisher:
Release Date : 2017
Three Essays On International Trade written by Su Wang (Ph. D.) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with categories.
This thesis consists of three essays about international trade and wage inequality. Essay I characterizes optimal trade and FDI policies in a model with monopolistic competition and firm-level heterogeneity similar to Helpman et al. (2004). I find that both the optimal import tariffs and the optimal FDI subsidies discriminate against the more profitable foreign firms. This is because of the existence of a wedge between the private incentives of exporting and FDI firms, and the incentive of the representative agent. Essay II develops an elementary theory of global supply chains. It considers a world economy with an arbitrary number of countries, one factor of production, a continuum of intermediate goods, and one final good. Production of the final good is sequential and subject to mistakes. In the unique free trade equilibrium, countries with lower probabilities of making mistakes at all stages specialize in later stages of production. Using this simple theoretical framework, it offers a first look at how vertical specialization shapes the interdependence of nations. Essay III proposes a model that has as ingredients heterogeneity of workers and firms, complementarity between occupations within each firm and complementarity between workers and firms/occupations. The competitive equilibrium features positive assortative matching and leads to both within- and between- firm wage variations. Comparative static results are then derived to generate new insights about changes in these components of wage inequality.
Three Essays In The Theory Of International Trade
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Author : Henry Thompson
language : en
Publisher:
Release Date : 1981
Three Essays In The Theory Of International Trade written by Henry Thompson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1981 with International economic relations categories.
Three Essays In International Trade And Investment
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Author : Ting Gao
language : en
Publisher:
Release Date : 1998
Three Essays In International Trade And Investment written by Ting Gao and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with categories.
Three Essays On Oligopolistic Competition Product Differentiation And International Trade
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Author : Fayçal Régis Sinaceur
language : en
Publisher:
Release Date : 1999
Three Essays On Oligopolistic Competition Product Differentiation And International Trade written by Fayçal Régis Sinaceur and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Competition, International categories.
This Thesis presents three essays in the area of strategic trade theory and policy. The first essay presents an analysis of trade and welfare between countries with asymmetric conditions. A two-period two-country address model of product differentiation is examined in which firms face an initial period of autarky. Trade takes place in the subsequent period and firms fully anticipate switches in trade regimes. Results suggest that historical (domestic) conditions matter a lot on the international market place. Firms that come from countries with a larger market tend to develop longer product lines, which puts that country in a dominant position in international competition. The model is also used to analyse gains/losses from trade in relation to country size. The second essay investigates the differential effects of specific and ad-valorem tariffs on quality, price and welfare in an oligopolistic industry consisting of foreign and domestic firms. These effects are shown to depend on the location of the home and foreign firms in the quality spectrum. Both tariffs are ranked and conditions for either tariff to be welfare superior are derived. Finally, the third essay presents an analysis of trade policy with endogenous market structure. A "third market model" is specified. Using a simple framework in which industry structure is derived endogenously as the outcome of product line decisions by firms, we show that governments have an incentive to affect the equilibrium product composition by setting non-zero subsidy rates in order to maximize domestic welfare. Subsidies may be uniform or non-uniform across goods and the optimal policy exhibits strong discontinuities as domestic welfare maximization implies a switch of regimes.
Three Essays In International Trade Theory And Policy
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Author : Ruben Sargsyan
language : en
Publisher:
Release Date : 2008
Three Essays In International Trade Theory And Policy written by Ruben Sargsyan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
Concerns over the possible loss of government revenue resulting from tariff reductions under trade liberalization have triggered many developing countries to opt for a strategy of raising destination-based consumption taxes on tradable goods. The first essay analyzes the welfare effects of a coordinated tariff reduction and domestic tax reform when the objective of a reforming country is to keep its government revenue unchanged. Assuming imperfect competition in an import-competing industry, we find that revenue-neutral reform involving tariff reduction and an increase in domestic tax rate may reduce domestic welfare under plausible assumptions. It also discusses the scenario in which the reforming country's objective is to keep domestic profit (or production) unchanged. We further identify the conditions under which a profit-neutral tariff and tax reform may be welfare-improving or welfare-deteriorating. The second essay uses a reciprocal-dumping model to examine the welfare effects of the Byrd Amendment (i.e., the Continued Dumping and Subsidy Offset Act, or CDSOA). It analyzes the differences in optimal tariffs set by the home and foreign governments when the home (i.e., the U.S.) government redistributes anti-dumping duties to its domestic firm under the new trade law, as compared to the traditional antidumping policy under which these duties are government revenues. We derive conditions under which the CDSOA may raise or lower the price of an import-competing good in the U.S. market. The results show that the CDSOA is an instrument of protectionism and strictly improves the home country welfare when markets are less competitive than in Cournot equilibrium. We find that under the same market characteristics, the new trade law strictly reduces foreign country welfare. The CDSOA's welfare effect is shown to be ambiguous, however, when markets are more competitive than Cournot. The third essay modifies the model presented in Essay 2 to allow for the scenario in which the foreign country strategically responds to the home country's CDSOA law by adopting similar trade law. The results show that the foreign country is able to enhance its national welfare when the import-competing markets are less competitive than in the Cournot equilibrium. We also discuss whether it is welfare-improving for the U.S. to voluntarily repeal the Byrd Amendment and restore the traditional antidumping policy, considering that, otherwise, its trading partner may also adopt the CDSOA law. We find that it is still in the best interest to the U.S. not to revoke the Byrd Amendment when markets are less competitive than Cournot. When markets are more competitive than Cournot, however, repealing the Amendment may turn out to be socially welfare-improving.