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International Trade, Welfare, and the Theory of General Equilibrium

International Trade, Welfare, and the Theory of General Equilibrium

$88.00 ( ) USD

  • Editors:
  • Sugata Marjit, Centre for Studies in Social Sciences, Calcutta
  • Saibal Kar, Centre for Studies in Social Sciences, Calcutta
Ronald W. Jones, Eric W. Bond, Noritsugu Nakanishi, Priya Brata Dutta, Rashmi Ahuja, Dambar Uprety, Sajal Lahiri, Anwesha Aditya, Sudeshna Mitra, Tonmoy Chatterjee, Kausik Gupta, Hamid Beladi, Avik Chakrabarti, Sugata Marjit, Meghna Dutta, Sarbajit Chaudhuri; Baisakhi Marjit, Saibal Kar
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  • Date Published: October 2018
  • availability: This ISBN is for an eBook version which is distributed on our behalf by a third party.
  • format: Adobe eBook Reader
  • isbn: 9781108592659

$ 88.00 USD ( )
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About the Authors
  • 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.

    • Includes the seminal 1965 paper by Ronald Jones, 'The Structure of Simple General Equilibrium Models'
    • Offers unique perspectives by bringing together veteran scholars as well as young researchers
    • Recounts an array of contributions based on the theory and application of general equilibrium on several distinct research questions of wider interest
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    Product details

    • Date Published: October 2018
    • format: Adobe eBook Reader
    • isbn: 9781108592659
    • availability: This ISBN is for an eBook version which is distributed on our behalf by a third party.
  • Table of Contents

    Introduction
    Part I. Lessons from Simple General Equilibrium Models:
    1. Thoughts and remarks after 50 years of simple general equilibrium models Ronald W. Jones
    Part II. Adjustment Towards Free Trade:
    2. Adjustment costs and trade liberalization Eric W. Bond
    3. Farsightedly stable FTA structures – the roles of pre-existing tariff rates Noritsugu Nakanishi
    Part III. Skill Formation and Inequality:
    4. Skilled-unskilled wage inequality and dynamic accumulation: a theoretical analysis skill Priya Brata Dutta
    5. FDI in education vs FDI in commodity production: a theoretical model Rashmi Ahuja
    Part IV. Implications of Factor Flows:
    6. Skilled migration and foreign aid in a general equilibrium model of monopolistic competition Dambar Uprety and Sajal Lahiri
    7. Trade, factor flows and product variety in a small open economy Anwesha Aditya
    8. Product differentiation, quality of innovation and capital mobility: a general equilibrium analysis Sudeshna Mitra, Tonmoy Chatterjee and Kausik Gupta
    Part V. Production Organization in Open Economies:
    9. Cross-border mergers and international trade: a vertical GOLE model Hamid Beladi, Avik Chakrabarti and Sugata Marjit
    10. International trade and production organization: a review of contemporary literature Meghna Dutta
    Part VI. Issues in Taxation:
    11. Negative production externalities, labour market imperfection and production tax policy in a developing economy Sarbajit Chaudhuri
    12. Tax-financed public transfers: a mechanism for double taxation Baisakhi Marjit, Sugata Marjit and Saibal Kar.

  • Editors

    Sugata Marjit, Centre for Studies in Social Sciences, Calcutta
    Sugata Marjit is Reserve Bank of India Professor of Industrial Economics at the Centre for Studies in Social Sciences, Calcutta. His research interests are International Economics, Economic Development, Governance, Banking and Finance, and Rational Choice Models of Political Economy. He is the editor of the South Asian Journal of Macroeconomics and Public Finance.

    Saibal Kar, Centre for Studies in Social Sciences, Calcutta
    Saibal Kar is Associate Professor at the Centre for Studies in Social Sciences, Calcutta. His research interests are Labour Economics, Applied Microeconomics, International Development, and Public Economics.

    Contributors

    Ronald W. Jones, Eric W. Bond, Noritsugu Nakanishi, Priya Brata Dutta, Rashmi Ahuja, Dambar Uprety, Sajal Lahiri, Anwesha Aditya, Sudeshna Mitra, Tonmoy Chatterjee, Kausik Gupta, Hamid Beladi, Avik Chakrabarti, Sugata Marjit, Meghna Dutta, Sarbajit Chaudhuri; Baisakhi Marjit, Saibal Kar

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