Topics in Empirical International Economics: A Festschrift in Honor of Robert E. Lipsey (National Bureau of Economic Research Conference Report)

In this timely volume emanating from the National Bureau of Economic Research's program in international economics, leading economists address recent developments in three important areas. The first section of the book focuses on international comparisons of output and prices, and includes papers that present new measures of product market integration, new methodology to infer relative factor price changes from quantitative data, and an ongoing capital stock measurement project. The next section features articles on international trade, including such significant issues as deterring child labor exploitation in developing countries, exchange rate regimes, and mapping U. S. comparative advantage across various factors. The book concludes with research on multinational corporations and includes a discussion of the long-debated issue of whether growth of production abroad substitutes for or is complementary to production growth at home. The papers in the volume are dedicated to Robert E. Lipsey, who for more than a half century at the NBER, contributed significantly to the broad field of empirical international economics. Michael M. Knetter and Matthew J. Slaughter Michael M. Knetter and Matthew J. Slaughter -- Robert E. Baldwin Michael M. Knetter and Matthew J. Slaughter -- Robert E. Baldwin -- James R. Markusen and Keith E. Maskus Michael M. Knetter and Matthew J. Slaughter -- Robert E. Baldwin -- James R. Markusen and Keith E. Maskus -- Birgitta Swedenborg Michael M. Knetter and Matthew J. Slaughter -- Robert E. Baldwin -- James R. Markusen and Keith E. Maskus -- Birgitta Swedenborg -- Gunnar Fors and Ari Kokko Michael M. Knetter and Matthew J. Slaughter -- Robert E. Baldwin -- James R. Markusen and Keith E. Maskus -- Birgitta Swedenborg -- Gunnar Fors and Ari Kokko -- Michael B. Devereux and Charles Engel Michael M. Knetter and Matthew J. Slaughter -- Robert E. Baldwin -- James R. Markusen and Keith E. Maskus -- Birgitta Swedenborg -- Gunnar Fors and Ari Kokko -- Michael B. Devereux and Charles Engel -- J. David Richardson and Chi Zhang Michael M. Knetter and Matthew J. Slaughter-- Robert E. Baldwin-- James R. Markusen and Keith E. Maskus-- Birgitta Swedenborg-- Gunnar Fors and Ari Kokko-- Michael B. Devereux and Charles Engel-- J. David Richardson and Chi Zhang-- Drusilla K. Brown, Alan V. Deardorff and Robert M. Stern Cover......Page 1 Topics in Empirical International Economics......Page 4 ISBN 9780226060835......Page 5 Contents......Page 8 Acknowledgments......Page 10 Introduction......Page 12 I. International Comparisons of Output and Prices......Page 24 1. Measuring Product-Market Integration......Page 26 2. Inferring Relative Factor Price Changes from Quantitative Data......Page 58 II. Multinational Firms......Page 80 3. Multinational Firms: Reconciling Theory and Evidence......Page 82 4. Determinants and Effects of Multinational Growth: The Swedish Case Revisited......Page 110 5. Home-Country Effects of FDI: Foreign Production and Structural Change in Home-Country Operations......Page 148 III. International Trade and Exchange Rates......Page 172 6. The Optimal Choice of Exchange Rate Regime: Price-Setting Rules and Internationalized Production......Page 174 7. Revealing Comparative Advantage: Chaotic or Coherent Patterns across Time and Sector and U.S. Trading Partner?......Page 206 8. U.S. Trade and Other Policy Options and Programs to Deter Foreign Exploitation of Child Labor......Page 244 Contributors......Page 274 Author Index......Page 276 Subject Index......Page 280 In This Volume Economists Address Recent Developments In Three Important Areas. The First Section Focuses On International Comparisons Of Output And Prices. The Next Section Features Articles On International Trade, Including Such Issues As Deterring Child Labour Exploitation In Developing Countries, Exchange Rate Regimes, And Mapping U.s. Comparative Advantage Across Various Factors. The Book Concludes With Research On Multinational Corporations And Includes A Discussion Of The Issue Of Whether Growth Of Production Abroad Substitutes For Or Is Complementary To Production Growth At Home. Edited By Magnus Blomström And Linda S. Goldberg. Contains Edited Versions Of Papers From A Conference Held At The Federal Reserve Bank Of New York, Dec. 3-4, 1998. Includes Bibliographical References And Indexes. This work addresses developments in three areas. The first section focuses on international comparisons of output and prices. The next section discusses international trade, including issues such as child labour exploitation. The last section offers research on multinational corporations. Globalization-the integration of national economies-has become one of the most widely used buzzwords of the late twentieth century.