Recent Developments in Normative Trade Theory and Welfare Economics
by Binh Tran-Nam (Editor), Makoto Tawada (Editor), Masayuki Okawa (Editor)

About the Author
Binh Tran-Nam, University of New South Wales Sydney
Makoto Tawada, Aichi Gakuin University
Masayuki Okawa, Ritsumeikan University

About this book
This volume examines important topical issues in normative trade theory and welfare economics. In particular, it seeks to investigate how far the potential gainfulness of international trade can be extended in an increasingly globalized world. The first section focuses on the gains from trade in the presence of time-consuming consumption and external increasing returns to scale, which are often neglected in traditional trade theory. The next section considers a range of issues that have practical and policy relevance, including trade liberalization, tax reform, tourism, and international migration. The last section examines the impact of income transfers, both from domestic and international perspectives, and of economic policy making.
All chapters of the book are contributed by internationally well-known researchers, including Murray Kemp, Henry Wan, Ngo Van Long and some of Murray Kemp's many colleagues and former students around the world. This book, with its up-to-date information and analysis, will be essential to academics and graduate students in the field of international economics. Trade theorists in research institutions and practicing econo-mists in governmental departments will also find this book of great interest.

Table of contents
1 Introduction
Part I The Gains from Trade Under Non-standard Assumptions
2 The Rise and Fall of Normative Trade Theory
3 Deconstruct the Graham’s Paradox
4 Welfare Effects of Trade Liberalization and Coordinated Domestic Sales Tax Reforms Under International Oligopoly
Part II Normative and Welfare Economics Under Gossenian Assumptions
5 Normative Trade Theory Under Gossenian Assumptions
6 Time Allocation Under Autarky and Free Trade in the Presence of Time-Consuming Consumption
7 A General Equilibrium Model in Which Consumption Takes Tim
Part III Selected Issues in Trade Policy
8 The Effects of Tourism Promotion on Unemployment and Welfare in the Presence of Environmental Protection
and an Agricultural Subsidy
9 International Immigration via Two Different Types of Midstream Countries
10 On the Incentive for a Self-Interested Policymaker to Mimic the Behavior of a Social-Welfare Maximizer
Part IV Tranfer Policy
11 The Rise and Fall of Political Economy
12 Domestic Income Transfer in an Open Dual Economy
13 Foreign Aid: Equilibria in Pure and Mixed Strategies with Kantian and Nashian Donors
Part V Positive Trade Theory
14 A Geometric Proof of Complete Specialization in a Three-by-Three Ricardian World Economy
Index

Series: New Frontiers in Regional Science: Asian Perspectives (Book 26)
Length: 221 pages
Publisher: Springer; 1st ed. 2018 edition (May 15, 2018)
Language: English
ISBN-10: 9811086141
ISBN-13: 978-9811086144