Positive and Normative Analysis in International Economics
Essays in Honour of Hiroshi Ohta

by M. Kemp (Editor), H. Nakagawa (Editor), Tatsuya Uchida (Editor)



This volume addresses profound issues in international economics, with contributions from leading researchers on the implications of trade. Empirical studies address preferential trading arrangements, global imbalances and exchange rates, facilitating an understanding of how the economy functions and enabling detailed policy evaluation.

Table of contents (15 chapters)

Introduction

Normative Trade Theory

The Moral Scientific Nature of Stolper–Samuelson’s Proposal to ‘Bribe’ for Free Trade

Innovations and International Trade

Comparative Cost and Factor Endowments: Ricardo and Ohlin

Social Welfare and Pareto Improvement

The Welfare Effect of International Cost Harmonization

Capacity Constraint, Export Subsidies and World Recession

Subcontracting or Exporting with Flexible Manufacturing

Inward FDI and the Size of the Market: Hosting MNCs or Promoting Domestic Companies?

Unionization and the Environment: A General Equilibrium Approach

How Regional Blocs Affect Excluded Countries: The Price Effects of MERCOSUR

Global Imbalances and Exchange Rates: Welfare and Policy Implications

Regulation, Quality Adjustment, and Relative Price Changes: The Case of the Yen Appreciation Shock of 1985

Continued Openness and Reforms for Agriculture in Japan



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