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Recent Developments in Normative Trade Theory and Welfare Economics

  • Book
  • © 2018

Overview

Editors:
  1. Binh Tran-Nam

    1. School of Taxation and Business Law, The University of New South Wales Sydney, Kensington, Australia

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  2. Makoto Tawada

    1. Faculty of Economics, Aichi Gakuin University, Nagoya, Japan

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    You can also search for this editor in PubMed   Google Scholar

  3. Masayuki Okawa

    1. Faculty of Economics, Ritsumeikan University, Kusatsu, Japan

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  • Provides recent findings on a comprehensive range of normative trade theory and welfare economics
  • Includes very topical issues such as tax reform, migration, tourism, and foreign aid
  • Tackles several often neglected issues in trade theory such as time-consuming consumption and increasing returns to scale

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

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Table of contents (14 chapters)

  1. Front Matter

    Pages i-xv
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  2. Introduction

    • 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
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    2. The Rise and Fall of Normative Trade Theory

      • Murray C. Kemp, Geoffrey Fishburn
      Pages 15-22

    3. Deconstruct the Graham’s Paradox

      • Henry Wan Jr.
      Pages 23-41

    4. Welfare Effects of Trade Liberalization and Coordinated Domestic Sales Tax Reforms Under International Oligopoly

      • Masayuki Okawa, Tatsuya Iguchi
      Pages 43-62

  4. Normative and Welfare Economics Under Gossenian Assumptions

    1. Front Matter

      Pages 63-63
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    2. Normative Trade Theory Under Gossenian Assumptions

      • Murray C. Kemp
      Pages 65-75

    3. Time Allocation Under Autarky and Free Trade in the Presence of Time-Consuming Consumption

      • Binh Tran-Nam
      Pages 77-95

    4. A General Equilibrium Model in Which Consumption Takes Time

      • Cuong Le-Van, Thi-Do-Hanh Nguyen, Ngoc-Sang Pham, Binh Tran-Nam
      Pages 97-124

  6. Tranfer Policy

    1. Front Matter

      Pages 169-169
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    2. The Rise and Fall of Political Economy

      • Murray C. Kemp, Geoffrey Fishburn
      Pages 171-176

    3. Domestic Income Transfer in an Open Dual Economy

      • Makoto Tawada, Ling Qi
      Pages 177-189

    4. Foreign Aid: Equilibria in Pure and Mixed Strategies with Kantian and Nashian Donors

      • Ngo Van Long
      Pages 191-207

  7. Positive Trade Theory

    1. Front Matter

      Pages 209-209
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    2. A Geometric Proof of Complete Specialization in a Three-by-Three Ricardian World Economy

      • Makoto Tawada, Takeshi Ogawa
      Pages 211-217
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Keywords

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. 

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Editors and Affiliations

  • School of Taxation and Business Law, The University of New South Wales Sydney, Kensington, Australia

    Binh Tran-Nam

  • Faculty of Economics, Aichi Gakuin University, Nagoya, Japan

    Makoto Tawada

  • Faculty of Economics, Ritsumeikan University, Kusatsu, Japan

    Masayuki Okawa

About the editors

Binh Tran-Nam, University of New South Wales Sydney

Makoto Tawada, Aichi Gakuin University


Masayuki Okawa, Ritsumeikan University

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