International Trade and Economic Growth
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. An Instructor's Manual is available to professors who adopt the text.
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Chapter 1 The Welfare Gains from Trade
The Empirical Evidence
Chapter 3 International Trade and Factor Accumulation
Technology as an Externality
Chapter 5 Technological Progress as Creative Destruction
Chapter 6 International Trade and Technological Progress
Chapter 7 MultiSector Models and International Trade
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assumed assumption capita income capital stock century chapter comparative advantage competition correlation costs of innovation country’s creative destruction cross-section developing countries developing economies diminishing returns domestic dynamic economic growth economists economy’s entrepreneurs equation estimates evidence example exports externalities Figure firms foreign technology free trade gains from trade grow growth rates Harrod-Domar model Heckscher-Ohlin model Helpman human capital ideas import substitution increase infant industry argument innovative activity international trade investment knowledge learning-by-doing level of technology long-run model of technological models of trade patent percent perfect competition production function profits protection R&D activity rate of economic rate of technological real income relationship between trade returns to scale Romer Schumpeter Schumpeterian model sector shifts Solow model specific static models statistical studies suggests technological progress technology transfers things equal time-series regressions total factor productivity trade and economic trade and growth trade policies variables