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International Trade Theory

Capital, Knowledge, Economic Structure, Money, and Prices over Time

  • Book
  • © 2008

Overview

Authors:
  1. Wei-Bin Zhang

    1. Ritsumeikan Asia Pacific University, Japan

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  • New approach introducing a novel economic mechanism to determine consumers' decision on consumption and savings

  • International trade theory integrating economic growth, monetary, and value theories

  • Using novel utility functions

  • Numerous examples and figures

  • Overview on the contemporary literature in international trade and theory

  • Includes supplementary material: sn.pub/extras

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Table of contents (12 chapters)

  1. Front Matter

    Pages i-x
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  2. International Trade and Trade Theory

    Pages 1-22

  3. Classical International Trade Theories

    Pages 23-76

  4. Trade with Imperfect Competition

    Pages 77-106

  5. Trade with Factor Mobility

    Pages 107-133

  6. Money, Exchange Rate, and Trade

    Pages 135-173

  7. Growth of Small Open-Economies with Capital Accumulation

    Pages 175-240

  8. One-Sector Global Growth Models with Capital Accumulation

    Pages 241-283

  9. Growth, Trade Patten and Structure

    Pages 285-321

  10. Growth and Trade with Capital and Knowledge

    Pages 323-371

  11. Trade Dynamics with Innovation and Monopolistic Competition

    Pages 373-415

  12. Growth, Money and Trade

    Pages 417-474

  13. Trade Patterns and Dynamics

    Pages 475-482

  14. Back Matter

    Pages 483-522
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Keywords

About this book

The development of international trade theory has created a wide array of different theories, concepts and results. Nevertheless, trade theory has been split between partial and conflicting representations of international e- nomic interactions. Diverse trade models have co-existed but not in a structured relationship with each other. Economic students are introduced to international economic interactions with severally incompatible theories in the same course. In order to overcome incoherence among multiple theories, we need a general theoretical framework in a unified manner to draw together all of the disparate branches of trade theory into a single - ganized system of knowledge. This book provides a powerful – but easy to operate - engine of analysis that sheds light not only on trade theory per se, but on many other dim- sions that interact with trade, including inequality, saving propensities, education, research policy, and knowledge. Building and analyzing various tractable and flexible models within a compact whole, the book helps the reader to visualize economic life as an endless succession of physical ca- tal accumulation, human capital accumulation, innovation wrought by competition, monopoly and government intervention. The book starts with the traditional static trade theories. Then, it develops dynamic models with capital and knowledge under perfect competition and/or monopolistic competition. The uniqueness of the book is about modeling trade dyn- ics.

Authors and Affiliations

  • Ritsumeikan Asia Pacific University, Japan

    Wei-Bin Zhang

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