Recent Developments in Normative Trade Theory and Welfare Economics

  • Binh Tran-Nam
  • Makoto Tawada
  • Masayuki Okawa

Part of the New Frontiers in Regional Science: Asian Perspectives book series (NFRSASIPER, volume 26)

Table of contents

  1. Front Matter
    Pages i-xv
  2. Binh Tran-Nam, Makoto Tawada, Masayuki Okawa
    Pages 1-12
  3. The Gains from Trade Under Non-standard Assumptions

    1. Front Matter
      Pages 13-13
    2. Murray C. Kemp, Geoffrey Fishburn
      Pages 15-22
    3. Henry Wan Jr.
      Pages 23-41
  4. Normative and Welfare Economics Under Gossenian Assumptions

    1. Front Matter
      Pages 63-63
    2. Cuong Le-Van, Thi-Do-Hanh Nguyen, Ngoc-Sang Pham, Binh Tran-Nam
      Pages 97-124
  5. Selected Issues in Trade Policy

  6. Tranfer Policy

    1. Front Matter
      Pages 169-169
    2. Murray C. Kemp, Geoffrey Fishburn
      Pages 171-176
    3. Makoto Tawada, Ling Qi
      Pages 177-189
  7. Positive Trade Theory

    1. Front Matter
      Pages 209-209
  8. Back Matter
    Pages 219-221

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 economists in governmental departments will also find this book of great interest. 


International Economics Trade Gains Welfare Economics Trade Theory Normative Economics

Editors and affiliations

  • Binh Tran-Nam
    • 1
  • Makoto Tawada
    • 2
  • Masayuki Okawa
    • 3
  1. 1.School of Taxation and Business LawThe University of New South Wales SydneyKensingtonAustralia
  2. 2.Faculty of EconomicsAichi Gakuin UniversityNagoyaJapan
  3. 3.Faculty of EconomicsRitsumeikan UniversityKusatsuJapan

Bibliographic information

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