International Trade and Economic Growth

ISBN-10: 0765618036

ISBN-13: 9780765618030

Edition: 2007

Authors: Hendrik Van Den Berg, Joshua J. Lewer

List price: $52.95
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Description:

Unlike any other text on international trade, this groundbreaking book focuses on the dynamic long-run relationship between trade and economic growth rather than the static short-run relationship between trade and economic efficiency. The authors begin with well known theory on international trade, and then take the student into more recent and less well known work, all with a careful balance between empirical and theoretical perspectives.A valuable teaching tool for courses in international economics, economic growth, and economic development at both the undergraduate and graduate levels, the book uses some very modest algebra, calculus, and statistics. However, most analytical discussions are built around diagrams in order to make the text accessible to students with a variety of social science backgrounds. Instructor's Materaial are available online to professors who adopt the text.
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Book details

List price: $52.95
Copyright year: 2007
Publisher: Routledge
Publication date: 12/6/2006
Binding: Paperback
Pages: 288
Size: 6.00" wide x 8.75" long x 0.75" tall
Weight: 0.990
Language: English

List of Figures
Preface
Acknowledgments
Introduction
The Welfare Gains from Trade
Static Models and the Gains from Trade
Estimates of the Static Gains from Trade
Economic Growth and International Trade
The Power of Compounding
Does Trade Cause Growth?
Trade and Growth: The Empirical Evidence
The Statistical Relationship between Trade and Growth
Regressing Economic Growth on International Trade
The Feder Model
Dealing with Simultaneity
Trade's Growth Effect Using Qualitative Measures
Robust Studies
Testing How Trade Affects Growth
Summary and Assessment of the Empirical Results
International Trade and Factor Accumulation
The Early Growth Models
The Classical Economists and Diminishing Returns
The Harrod-Domar Growth Model
Robert Solow and His Neoclassical Growth Model
The Gains from Trade According to the Solow Model
East Asia and the Solow Model
Conclusions
Appendix: The Convenient Cobb-Douglas Production Function
Overcoming Diminishing Returns: Technology as an Externality
Factor Accumulation without Diminishing Returns
Technology
Technological Progress As an Externality
Learning-by-Doing
Learning-by-Trading
Conclusions
Technological Progress as Creative Destruction
Joseph Schumpeter's Creative Destruction
The Schumpeterian R&D Model
A Mathematical Version of the Schumpeterian Model
The Long-Run Trend in the Costs of Innovation
Conclusions and Remaining Issues
International Trade and Technological Progress
International Trade and the Schumpeterian Model
The Size of Economies and Technology
Leader-Follower Models of Growth
Sources of Ambiguity About Trade's Growth Effect
Protectionism and Creative Destruction
Conclusions and Further Issues
Multi-Sector Models and International Trade
A Two-Sector Learning-by-Doing Model
Other Sectoral Models of Trade and Economic Growth
Terms of Trade Arguments for Protection
Protectionism to Promote Technological Progress
Import Substitution Policies
Conclusions
International Trade and Technology Transfers
Domestic Technology vs. Adopted Technology
Empirical Evidence on Technology Diffusion
Summary and Conclusions
Restating the Case for Free Trade
Dynamic Arguments for Free Trade
A Much More General View of Trade and Growth
Final Comments
Bibliography
Author Index
Subject Index
About the Authors
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