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Advanced International Trade

Theory and Evidence - Second Edition

Robert C. Feenstra

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Princeton University Press img Link Publisher

Sozialwissenschaften, Recht, Wirtschaft / Wirtschaft

Beschreibung

Trade is a cornerstone concept in economics worldwide. This updated second edition of the essential graduate textbook in international trade brings readers to the forefront of knowledge in the field and prepares students to undertake their own research. In Advanced International Trade, Robert Feenstra integrates the most current theoretical approaches with empirical evidence, and these materials are supplemented in each chapter by theoretical and empirical exercises.

Feenstra explores a wealth of material, such as the Ricardian and Heckscher-Ohlin models, extensions to many goods and factors, and the role of tariffs, quotas, and other trade policies. He examines imperfect competition, offshoring, political economy, multinationals, endogenous growth, the gravity equation, and the organization of the firm in international trade. Feenstra also includes a new chapter on monopolistic competition with heterogeneous firms, with many applications of that model. In addition to known results, the book looks at some particularly important unpublished results by various authors. Two appendices draw on index numbers and discrete choice models to describe methods applicable to research problems in international trade.

Completely revised with the latest developments and brand-new materials, Advanced International Trade is a classic textbook that will be used widely by students and practitioners of economics for a long time to come.

  • Updated second edition of the essential graduate textbook
  • Current approaches and a new chapter on monopolistic competition with heterogeneous firms
  • Supplementary materials in each chapter
  • Theoretical and empirical exercises
  • Two appendices describe methods for international trade research

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Schlagwörter

Subsidy, Monopolistic competition, Market clearing, Real wages, Vertical integration, Trade barrier, Competition (economics), Autarky, Comparative advantage, Gains from trade, Factor price equalization, Import quota, Diversification (finance), Indifference curve, Factor price, Stolper–Samuelson theorem, Customs union, Export subsidy, Heckscher-Ohlin Model, Leontief paradox, Marginal cost, Market power, Countervailing duties, Free trade, Cost curve, Marginal product, Real versus nominal value (economics), Economy, Supply (economics), Elasticity of substitution, Infant industry, Section 201, Economic equilibrium, Export, Externality, Deadweight loss, Offshoring, Economic surplus, Production function, Tight Monetary Policy, Price elasticity of demand, Price support, Cournot competition, Zero-profit condition, Lump sum, Infant industry argument, Consumer, Terms of trade, Price war, Trade creation, Endogenous growth theory, Trade diversion, Factor endowment, Fair value, Demand curve, Price index, Cobb–Douglas production function, Isoquant, Total factor productivity, Balance of trade, Production–possibility frontier, Profit maximization, Utility, Profit (economics), Productivity, Revenue, Rybczynski theorem, Tariff, Markup (business), Relative price