search for books and compare prices
Tables of Contents for Trade, Growth, and Economic Policy in Open Economies
Chapter/Section Title
Page #
Page Count
Preface
v
Part I. International Trade
3
98
Globalization and the Gains from Trade
3
10
Sven W. Arndt
1. Introduction
4
1
2. Specialization in the Context of Multi-Stage Production
4
8
3. Conclusion
12
1
International Competitiveness, Multinational Enterprise Technology Clubs and the Government Interface
13
18
Bernard Michael Gilroy
1. Introduction
13
1
2. Free Trade, Competitiveness and the Role of Governments in International Markets
14
3
3. A Brief Primer On Club Theory
17
1
4. International Production and Technology Clubs
18
4
5. Global Federalism versus Centralized Decision Making
22
3
6. Conclusions
25
6
Dual Labour Markets, Unemployment and Trade Gains/Losses in Developing Countries
31
16
Albert G. Schweinberger
1. Introduction
31
2
2. Harris-Todaro and Efficiency Wage Unemployment
33
3
3. The Equivalence Theorem
36
5
4. Unemployment and the Gains from Trade
41
6
Employment Policy and Real Wages
47
6
Ronald W. Jones
Sectoral Structure and Unemployment in Open Economies
53
12
Max Albert
Jurgen Meckl
1. Introduction
53
1
2. Efficiency Wages and Unemployment in the Short Run
54
5
3. Capital Accumulation and Long-Run Unemployment
59
2
4. Conclusions
61
4
Welfare Effects of Trade-Diverting Customs Unions: A Quantitative Approach
65
18
John S. Chipman
1. Introduction
65
2
2. The Formal Model
67
7
3. The Case of CES Utility Functions
74
9
Dumping and Predatory Pricing in an International Duopoly
83
10
Thusnelda Tivig
1. Introduction
83
3
2. The Model
86
5
3. Conclusions
91
2
Intra-Firm Trade and Exchange Rate Risk
93
8
Udo Broll
1. Introduction
93
1
2. A Multinational Firm
94
1
3. Intra-Firm Trade and Exchange Rate Risk
95
2
4. Concluding Remarks
97
4
Part II. Economic Growth
101
66
On the Evaluation of Social Income in a Dynamic Economy: Generalizations
101
10
Murray C. Kemp
Ngo Van Long
1. Introduction
101
1
2. A Closed Economy
102
3
3. Open Economies
105
5
4. A Final Remark
110
1
Intergenerational Transfers, Economic Growth and Income Distribution
111
12
Itzhak Zilcha
1. Introduction
111
1
2. The Model
112
4
3. Altruism and Economic Growth
116
2
4. Altruism and Income Distribution
118
2
5. Concluding Remarks
120
3
On the Pareto-Improving Abolition of Unfunded Public Pension Systems: An Application of Growth Theory
123
16
Friedrich Breyer
1. Introduction
123
1
2. The Basic Framework
124
2
3. The Results
126
8
4. Concluding Remarks
134
5
An Overlapping-Generations Model with Heterogeneous Bequest and Gift Motives
139
28
Klaus Jaeger
1. Introduction
139
3
2. The Model
142
5
3. The Bequest Case
147
7
4. The Gift Case and the Outcome of the Homogeneous- and the Heterogeneous-Taste Case
154
7
5. Concluding Remarks
161
6
Part III. Economic Policy
167
148
Resisting Migration: Wage Rigidity and Income Distribution
167
14
Assaf Razin
Efraim Sadka
1. Introduction
167
1
2. Wage Flexibility and Migration
168
7
3. The Welfare State and Migration
175
3
4. Conclusion
178
3
Effects of Monetary Policy in a Macroeconometric Disequilibrium Model for the West German Economy
181
12
Wolfgang Franz
Klaus Goggelmann
1. Introduction
181
1
2. Theory and Estimation of the Disequilibrium Model: An Introduction
182
3
3. Simulation of an Alternative Monetary Policy
185
6
4. Conclusions
191
2
Impact of German Discount and Lombard Policy on Financial Markets
193
26
Gunter Franke
Bernd Meyer
1. Introduction
193
1
2. Review of the Literature
194
2
3. The Bundesbank's Policy
196
2
4. Hypotheses and Test Methodology
198
6
5. Empirical Analysis
204
12
6. Conclusion
216
3
Bank Behavior, an Options View of Rediscount Quotas, and the Theory of Money Supply
219
30
Nikolaus K.A. Laufer
1. Introduction
219
2
2. Theoretical Framework
221
10
3. Main Comparative Static Results
231
2
4. Further Extensions and Comments
233
3
5. Macro-theoretical and Policy Implications
236
2
6. Conclusion
238
1
7. Mathematical Appendix
239
10
Global Capital Movements, Exchange Rate Risks and Monetary Policy
249
20
Bernd Braasch
Helmut Hesse
1. The Change in the Monetary Environment
249
2
2. Difficulties for National Monetary Policy
251
7
3. Monetary Policy and "Asset Price Inflation"
258
3
4. Requirements of Monetary Policy
261
4
5. Final Conclusions
265
4
Tax Policy and the Location Decision of Firms
269
12
Bernd Genser
Andreas Haufler
1. Introduction
269
2
2. An Optimal Taxation Model for a Small Open Economy
271
4
3. The Optimal Tax Structure
275
2
4. Trade Balance and Labour Market Effects
277
1
5. Conclusions
278
3
Equilibria in Tax Competition Models
281
34
Karl-Josef Koch
Gunther G. Schulze
1. Introduction
281
1
2. The Standard Tax Competition Model
282
4
3. Extensions
286
8
4. Heterogeneity and Indivisibility of Capital
294
10
5. Conclusion
304
1
6. Appendix
305
10
Part IV. Economic Systems and Institutions
315
82
Institutional Competition and Globalization
315
16
Carsten-Thomas Ebenroth
1. Introduction
315
1
2. The Interplay Between Law and Economics
316
1
3. The Importance of Assisting the Transformation in Eastern Europe within the Overall Context of Globalizing the Economy
317
5
4. The Key Role of Institutions
322
4
5. How Institutions Should Be Formed and Modified
326
3
6. Conclusion
329
2
An Institutional Order for a Globalizing World Economy
331
20
Horst Siebert
1. In the Center: Rules for the Exchange of Goods
332
7
2. New in the Foreground: Rules for Factor Migrations
339
2
3. An Old Acquaintance: Rules for the Monetary Domain
341
2
4. Tasks for the Future: Rules for the Use of Nature
343
4
5. On the Stability and Interdependence of the Orders
347
4
Western Economic Theory and The Transition: The Public-Choice Perspective
351
18
Arye L. Hillman
1. Introduction
351
1
2. The Orthodox Western Model: A Very Brief Overview
351
2
3. The Elements of the Public-choice Approach
353
7
4. Rents and Rent Seeking
360
6
5. Public Choice and Hope for a Better Future
366
3
The Social Cost of Rent Seeking When Victories are Potentially Transient and Losses Final
369
12
Joerg Stephan
Heinrich W. Ursprung
1. Introduction
369
3
2. The Model
372
2
3. Results
374
5
4. Static Asymmetry
379
1
5. Conclusions
379
2
Social Institutions and Local Interaction Structure
381
16
Siegfried K. Berninghaus
1. Introduction
381
2
2. Social Norms and Social Institutions
383
2
3. Social Institutions and Local Interaction: A Simple Example
385
4
4. Automata Networks as Models of Local Interaction
389
2
5. Stability of Norms: General Results
391
6
List of Contributors
397