International Trade and National Welfare

by Kemp; Murray C.

• ISBN13: 9780415220767
• ISBN10: 0415220769
• Edition: 1st
• Format: Hardcover
• Copyright: 2001-10-12
• Publisher: Routledge

Summary

When can a country be said to benefit from free trade? This question has obsessed economists for more than 200 years, and a definitive answer has never been provided. Continuing the influential work begun inThe Gains from Trade and the Gains from Aid,(Routledge 1995), Murray Kemp here presents the recent progress he and his co-workers have made in tackling this important question.

Table of Contents

Acknowledgements	x
Introduction	1	(4)
PART I The gains from trade under perfect competition	5	(104)
Trade gains: a unified exposition based on duality	7	(12)
Japanese Economic Review 48 (June 1997), 121-31
Koji Shimomura
Trade gains in chaotic equilibria	19	(8)
Review of International Economics 7 (August 1999), 403-9
Koji Shimomura
The internationalization of the world economy and its implications for national welfare	27	(9)
Review of International Economics 7 (February 1999), 1--7)
Koji Shimomura
Trade gains when the opportunity to trade changes the state of information	36	(6)
Review of International Economics 9 (February 1999), 24-8
Koji Shimomura
Henry Y. Wan. Jr.
The gains from trade when markets are endogenous	42	(4)
Quality standards in the theory of customs unions	46	(5)
A second elementary proposition concerning the formation of customs unions	51	(7)
Japanese Economic Review 52 (March 2001), 64-9
Koji Shimomura
A third elementary proposition concerning the formation of customs unions	58	(3)
The Kemp-Wan theorem in a context of public goods	61	(2)
Welfare comparisons of customs unions and other free trade associations	63	(3)
Pacific Economic Review 5 (February 2000), 1-3
Partial preferential trading associations	66	(4)
The impossibility of global absolute advantage in the Heckscher-Ohlin model of trade	70	(4)
Oxford Economic Papers 40 (September 1988), 575-6
Koji Shimomura
A simple model of privately profitable but socially useless speculation	74	(13)
Japanese Economic Review 51 (March 2000), 85--95
Hans-Werner Sinn
An antiquarian note on optimal tariffs	87	(6)
History of Political Economy 32 (Fall 2000), 415-20
Koji Shimomura
Smuggling and optimal commercial policy	93	(4)
Journal of Public Economics 5 (April-May 1976), 381-4
On the evaluation of social income in a dynamic economy: generalizations	97	(12)
In K.-J. Koch and K. Jaeger, eds, Trade, Growth and Economic Policy in Open Economies, 101-10. Berlin: Springer, 1998
Ngo Van Long
PART II The gains from trade under non-perfect competition	109	(80)
A new approach to the theory of international trade under increasing returns: the two-commodities case	111	(17)
In H.Y. Wan and A.D. Woodland, eds, Economic Theory and International Trade, Aldershot, Hants: Edward Elgar, 2000
Koji Shimomura
Increasing returns and international trade	128	(6)
Review of International Economics 8 (November 2000), 614-8
Koji Shimomura
Gains from trade in a Cournot-Nash general equilibrium	134	(24)
Japanese Economic Review 52 (September 2001)
Koji Shimomura
The Kemp-Wan proposition under increasing returns to scale and oligopolistic competition	158	(13)
Koji Shimomura
The gains from trade for a socialist economy	171	(4)
Voluntary export restraints and economic welfare	175	(14)
Japanese Economic Review 48 (June 1997), 187-98
Masayuki Okawa
Koji Shimomura
PART III Background papers	189	(24)
Some properties of egalitarian economies	191	(5)
Journal of Public Economics 49 (December 1992), 383-7
Ngo Van Long
The apparently innocuous representative agent	196	(13)
Japanese Economic Review 46 (September 1995), 247-56
Koji Shimomura
Pareto's compensation principle	209	(4)
Social Choice and Welfare 16 (May 1999), 441-4
Paul Pezanis-Christou
Author index	213	(2)
Subject index	215