Main Data
Author: Günter Heiduk, Karyiu Wong
Editor: Günter S. Heiduk, Kar-yiu Wong
Title: WTO and World Trade Challenges in a New Era
Publisher: Physica-Verlag
ISBN/ISSN: 9783790816303
Edition: 1
Price: CHF 197.10
Publication date: 01/01/2006
Category: Politik, Gesellschaft, Arbeit
Language: English
Technical Data
Pages: 324
Kopierschutz: DRM
Geräte: PC/MAC/eReader/Tablet
Formate: PDF
Table of contents
Giinter S. Heiduk* and Kar-yiu Wong** * Institute of International and Regional Economic Relations, University of Du- burg-Essen, Campus Duisburg, Germany ** Department of Economics, University of Washington, Seattle, USA The rapid growth of world trade has become one of the most phenomenal features of the international order after the World War. While different countries were - periencing various growth rates of their economies, most of them found out that foreign trade grew much faster than their economies. As a matter of fact, for most economies, foreign trade has been determined to be one of the biggest and the most consistent contributors to economic growth. Nowadays world trade is a very complicated phenomenon because it is not just an economic but also a social, political, environmental, labour, and legal matter. Economists care about world trade because economies are getting more and more open and world trade is related to the properties of open economies. Government planners care about world trade because it is related to many issues that the economies are facing: Resource allocation, income distribution, employment, p- duction, consumption, government revenue, economic growth, and economic w- fare. A right trade policy will enhance the economic welfare and growth of the economy in a more harmonious and equitable way. A wrong policy, however, could spell disaster.
Table of contents
Non-Drastic Technology Transfer in an International Oligopoly13
1 Introduction13
2 The Basic Model15
3 The Effects of Anticipated Government Intervention21
4 Optimal Precommitted Tax26
5 Optimal Time-Path when Technology Transfer Takes Time28
6 Concluding Remarks31
Income Redistribution, Trade Prices, and International Capital in Simulated Trade Models39
Theoretical Anticipations40
Simulations of Factor Proportions Models of Production and Trade40
Relative Influence of Factor Shares and Substitution42
Simulations of Specific Factors Models43
On Two Elementary Propositions on Customs Unions49
1 Introduction49
2 The Model of World Trade52
3 The Kemp-Wan Proposition on Customs Unions53
4 The Case of Retaliation by the Rest of the World59
5 Conclusions64
Trade with Labor Market Distortions and Heterogeneous Labor: Why Trade Can Hurt70
1 Introduction70
2 The Ricardian Model72
3 Specific Factors Model77
4 Heckscher-Ohlin Model82
5 Conclusion86
The Impact of Intra-lndustry Trade on the Environment91
1 Introduction91
2 Basic Model94
3 Multiple Firms105
4 The Repeated Game110
5 In the Presence of Tariff-Jumping FDI117
6 Conclusion124
International Business Cycle Transmission in a Dynamic Multi- Sectoral Heckscher- Ohlin Model130
1 Introduction130
2 The Model131
3 Solving the Model137
4 Conclusion147
Political Support or Contributions: An Empirical Investigation of US Trade Policy159
1 Introduction159
2 Theoretical Approaches to Endogenous Protection161
3 Empirical Methodology165
4 Data6167
5 Empirical Results168
6 Model Comparisons169
7 Summary and Conclusions171
Appendix: Description of Variables172
Minimum Quality Standard and International Rivalry in Quality and Price186
1 Introduction186
2 The Model188
3 International Rivalry190
4 Minimum Quality Standard197
5 Minimum Quality Standard and Tariff202
6 Concluding Remarks207
Reforms of Quantitative Import Restrictions and Fair Wage Unemployment216
1 Introduction216
2 Equilibrium in the Domestic Economy217
3 Welfare Effects of Quota Reforms222
4 A Graphical Illustration227
5 Conclusion229
Trade Games: Modelling WTO's Role in Trade Disputes235
1 Introduction235
2 The Model237
3 Monte Carlo Simulation242
4 Conclusion247
Modelling the Impact of China's WTO Membership on Its Investment and Growth: A New Flexible Keynesian Approach251
1 Introduction251
2 Trends in China's Main Economic Activities (1960-1999)252
3 Modelling China's Economy: A Multi-Sectoral Flexible CGE- Keynesian Approach254
4 Impact and Forecasting Study: Alternative Methodologies256
5 Modelling China's Economy: Performance of Alternative Methodologies259
6 Measuring the Impact of China's WTO Membership on Investment, Consumption and Growth259
Case Study262
Appendix: Performance of the 2SHI Estimator Under the Generalised Pitman Nearness Criterion266
1 Introduction266
2 The Model and the Estimators267
3 Comparison of the Estimators267
4 Simulation Results on the Performance of the 2SHI268
WTO Dispute Settlement in Action: An Economic Analysis of Four EU- US Mini Trade Wars280
1 Introduction280
2 The Hormones Case282
3. The Bananas Case289
4. The FSC Case297
5 The Steel Case301
6 How to Improve the WTO-DSU Sanctions Mechanism?306
List of Contributors320