International Trade, Welfare, and the Theory of General Equilibrium

doi:10.1017/9781108563932

This essential volume reflects the continuing and enduring utility of general equilibrium as a framework of analyses. It attempts to reiterate that understanding broad and holistic consequence of economic events and policies go beyond partial equilibrium perspective. Cutting across areas of research, general equilibrium perspectives in terms of small-scale GE models following the theory and perspectives of Ronald Jones can help readers develop informed judgement regarding critical policies. These include but are not limited to several areas of specific interest - the interaction of financial factors with international trade and implications for the 'real sectors' of the economy, the impact of labour market reforms on the unorganised sectors in developing and transition countries, the non-uniform effects of inflation and deflation on internal and external factor flows, and the sought-after relation between foreign investment and skill accumulation.

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Contents

Frontmatter
pp i-iv
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Contents
pp v-vi
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List of Figures and Tables
pp vii-viii
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Introduction
pp ix-xvi
- By Sugata Marjit, Centre for Studies in Social Sciences, Calcutta (CSSSC), Saibal Kar, Centre for Studies in Social Sciences, Calcutta (CSSSC)
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1 - Thoughts and Remarks after 50 Years of Simple General Equilibrium Models
pp 1-17
- By Ronald W. Jones, University of Rochester
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2 - Adjustment Costs and Trade Liberalization
pp 18-33
- By Eric W. Bond, Vanderbilt University
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3 - Farsightedly Stable FTA Structures: The Roles of Preexisting Tariff Rates
pp 34-70
- By Noritsugu Nakanishi, Kobe University, Japan
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4 - Skilled–Unskilled Wage Inequality and Dynamic Skill Accumulation: A Theoretical Analysis
pp 71-89
- By Priya Brata Dutta, Indian Statistical Institute
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5 - FDI in Education vs FDI in Commodity Production: A Theoretical Model
pp 90-100
- By Rashmi Ahuja, Lal Bahadur Shastri Institute of Management in Delhi
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6 - Skilled Migration and Foreign Aid in a General Equilibrium Model of Monopolistic Competition
pp 101-116
- By Dambar Uprety, Sajal Lahiri, Southern Illinois University
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7 - Trade, Factor Flows, and Product Variety in a Small Open Economy
pp 117-148
- By Anwesha Aditya, Indian Institute of Technology, Kharagpur
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8 - Product Differentiation, Quality of Innovation, and Capital Mobility: A General Equilibrium Analysis
pp 149-162
- By Sudeshna Mitra, St. Paul's C.M. College, Kolkata, Tonmoy Chatterjee, Ananda Chandra College, Jalpaiguri, India, Kausik Gupta, University of Calcutta
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9 - Cross-Border Mergers and International Trade: A Vertical GOLE Model
pp 163-179
- By Hamid Beladi, Associate Dean of Research and Professor of Economics, Avik Chakrabarti, University of Wisconsin-Milwaukee, Sugata Marjit, Centre for Studies in Social Sciences, Calcutta (CSSSC)
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10 - International Trade and Production Organization: A Review of Contemporary Literature
pp 180-200
- By Meghna Dutta, Indian Institute of Technology, Patna
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11 - Negative Production Externalities, Labor Market Imperfection, and Production Tax Policy in a Developing Economy
pp 201-214
- By Sarbajit Chaudhuri, University of Calcutta
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12 - Tax-Financed Public Transfers: A Mechanism for Double Taxation
pp 215-224
- By Baisakhi Marjit, She publishes commentaries in economics, literary critiques, and current affairs, Sugata Marjit, Centre for Studies in Social Sciences, Calcutta (CSSSC), Saibal Kar, Centre for Studies in Social Sciences, Calcutta (CSSSC)
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Contributors
pp 225-226
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Index
pp 227-231
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International Trade, Welfare, and the Theory of General Equilibrium

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Contents

Frontmatter
pp i-iv

Contents
pp v-vi

List of Figures and Tables
pp vii-viii

Introduction
pp ix-xvi

1 - Thoughts and Remarks after 50 Years of Simple General Equilibrium Models
pp 1-17

2 - Adjustment Costs and Trade Liberalization
pp 18-33

3 - Farsightedly Stable FTA Structures: The Roles of Preexisting Tariff Rates
pp 34-70

4 - Skilled–Unskilled Wage Inequality and Dynamic Skill Accumulation: A Theoretical Analysis
pp 71-89

5 - FDI in Education vs FDI in Commodity Production: A Theoretical Model
pp 90-100

6 - Skilled Migration and Foreign Aid in a General Equilibrium Model of Monopolistic Competition
pp 101-116

7 - Trade, Factor Flows, and Product Variety in a Small Open Economy
pp 117-148

8 - Product Differentiation, Quality of Innovation, and Capital Mobility: A General Equilibrium Analysis
pp 149-162

9 - Cross-Border Mergers and International Trade: A Vertical GOLE Model
pp 163-179

10 - International Trade and Production Organization: A Review of Contemporary Literature
pp 180-200

11 - Negative Production Externalities, Labor Market Imperfection, and Production Tax Policy in a Developing Economy
pp 201-214

12 - Tax-Financed Public Transfers: A Mechanism for Double Taxation
pp 215-224

Contributors
pp 225-226

Index
pp 227-231

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International Trade, Welfare, and the Theory of General Equilibrium

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