Quantitative International Economics
Publisher: Taylor and Francis
Published: 2017
Place of publication: Milton
Language: eng
Number of pages: 222
ISBN-13: 9781351495219
Subjects: International economic relations; Mathematical models
Description: "This distinctive book sets forth, on an advanced level, various methods for the quantitative measurement of important relationships at issue in areas of the balance of payments and international trade and welfare. The results achieved in recent studies are presented and the directions for new research are indicated. This book is composed of two main parts. Part I deals with the balance of payments and consists of the first half of the book. One of the longest and almost important chapters of this part talks about, at length the time-series analysis of the demand for imports and exports from the point of view of an individual country. This subject has a long and somewhat checkered history dating from the 1940's, when a number of estimates using least squares multiple regression methods were made of import and export demand functions for the interwar period. The noteworthy feature of many of these estimates was that they suggested relatively low price elasticities of demand in international trade. The implication was thus drawn that the international price mechanism could not be relied on for balance-of payments adjustment purposes. This book talks about the topics of theory and measurement of the elasticity of substitution in international trade, estimating the international capital movements, and forecasting and policy analysis with econometric models. Part II deals with international trade and welfare. While, there are many other books dealing with trade theory, this title focuses on a narrower range of topics that are not always mentioned or understood by individuals, such as the theory and measurement of trade dependence and interdependence, the analysis of the component factors a country has that affects how its export growth is over time, and the welfare effects of trade liberalizationThis book serves as a guide and reference work for economics graduate students, academicians, and practicing economists in private and governmental circles. They will find this book"--Provided by publisher.
Table of contents: title: Cover; Half Title; Title Page; Copyright Page; Contents; List of Figures and Tables; Preface; Chapter 1 Introduction; PART I: THE BALANC E OF PAYMENTS; Chapter 2: Time-Series Estimation of Import and Export Demand Relationships; Choice of Variables; Functional Form; Time Dimension; Special Problems in Estimation; Reporting Results; Conclusion; Appendix to Chapter 2; References; Chapter 3: Theory and Measurement of the Elasticity of Substitution in International Trade; Theoretical Foundation; Measurement, ; Interpretation and Use of Results, ; Pooled Time- Series and Cross-Section Estimation.; title: ConclusionAppendix to Chapter 3; References; Chapter 4: The Estimation of International Capital Movements; The Theory of International Capital Movements; The Measurement of International Capital Movements; Conclusion; References; Chapter 5: Forecasting and Policy Analysis with Econometric Models; Economic Forecasting; Policy Analysis; A Model of the World Economy; Evaluation of Econometric Models of the U.S. Balance of Payments; Conclusion; Appendix to Chapter 5; References; PART II: INTERNATIONAL TRADE AND WELFARE; Chapter 6: Theory and Measurement of Trade Dependence and Interdependence.; title: The Theory and Measurement of General Equilibrium Trade SectorsThe Theory and Measurement of Trade Flows; Conclusion; References; Chapter 7: Constant-Market-Share Analysis of Export Growth; Theory and Measurement; The Choice of ""Standard"" ; Further Implications; Conclusion; A Numerical Illustration; References; Chapter 8: Estimating the Welfare Effects of Trade Liberalization; The Welfare Effect of a Prohibitive Tariff; The Welfare Effect of a Nonprohibitive Tariff; Statistical Estimation of Welfare Effects; Customs Unions and Trade Preferences; Conclusion; References; Index.