Handbook of International Economics: International Trade (Volume 1) (Handbook of International Economics, Volume 1)

This Handbook adopts a traditional definition of the subject, and focuses primarily on the explanation of international transactions in goods, services, and assets, and on the main domestic effects of those transactions. The first volume deals with the ''real side'' of international economics. It is concerned with the explanation of trade and factor flows, with their main effects on goods and factor prices, on the allocation of resources and income distribution and on economic welfare, and also with the effects on national policies designed explicitly to influence trade and factor flows. In other words, it deals chiefly with microeconomic issues and methods. The second volume deals with the ''monetary side'' of the subject. It is concerned with the balance of payments adjustment process under fixed exchange rates, with exchange rate determination under flexible exchange rates, and with the domestic ramifications of these phenomena. Accordingly, it deals mainly with macroeconomic issues, although microeconomic methods are frequently utilized, especially in work on expectations, asset markets, and exchange rate behavior. For more information on the Handbooks in Economics series, please see our home page on http://www.elsevier.nl/locate/hes Content: Introduction to the series Page v Kenneth J. Arrow, Michael D. Intriligator Contents of the handbook Pages vii-x Preface to the handbook Pages xi-xiii Ronald W. Jones, Peter B. Kenen Chapter 1 The positive theory of international trade Review Article Pages 1-62 Ronald W. Jones, J. Peter Neary Chapter 2 The normative theory of international trade Review Article Pages 63-130 W.M. Corden Chapter 3 Higher dimensional issues in trade theory Review Article Pages 131-184 Wilfred J. Ethier Chapter 4 Growth and development in trade models Review Article Pages 185-236 Ronald Findlay Chapter 5 International factor movements Review Article Pages 237-288 Roy J. Ruffin Chapter 6 Capital theory and trade theory Review Article Pages 289-324 Alasdair Smith Chapter 7 Increasing returns, imperfect markets, and trade theory Review Article Pages 325-365 Elhanan Helpman Chapter 8 The role of natural resources in trade models Review Article Pages 367-417 Murray C. Kemp, Ngo Van Long Chapter 9 Uncertainty in trade models Review Article Pages 419-465 John Pomery Chapter 10 Testing trade theories and predicting trade flows Review Article Pages 467-517 Alan V. Deardorff Chapter 11 Trade policies in developing countries Review Article Pages 519-569 Anne O. Krueger Chapter 12 Trade policies in developed countries Review Article Pages 571-619 Robert E. Baldwin Index Pages 621-623 "This Handbook adopts a traditional definition of the subject, and focuses primarily on the explanation of international transactions in goods, services, and assets, and on the main domestic effects of those transactions. The first volume deals with the "real side" of international economics. It is concerned with the explanation of trade and factor flows, with their main effects on goods and factor prices, on the allocation of resources and income distribution and on economic welfare, and also with the effects on national policies designed explicitly to influence trade and factor flows. In other words, it deals chiefly with microeconomic issues and methods. The second volume deals with the "monetary side" of the subject. It is concerned with the balance of payments adjustment process under fixed exchange rates, with exchange rate determination under flexible exchange rates, and with the domestic ramifications of these phenomena. Accordingly, it deals mainly with economic issues, although microeconomic methods are frequently utilized, especially in work on expectations, asset markets, and exchange rate behavior." -- Publisher's information. The theory of international trade is one of the oldest subfields of economics and its central concerns remain those of Ricardo.