chap10 - Introduction Measuring intra-industry trade...

Info iconThis preview shows pages 1–7. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Introduction Measuring intra-industry trade Dixit-Stiglitz demand Demand effects; income, price elasticity , and price index Increasing returns to scale Optimal pricing and zero profits Explaining intra-industry trade An alternative interpretation: intermediate goods Conclusions CHAPTER 10; INTRA - INDUSTRY TRADE International Trade & the World Economy; Charles van Marrewijk Explanations for trade Classical 2. Opportunity costs 3. Comparative advantage Neo-classical 4. Production structure 5. Factor prices 6. Production volume 7. Factor abundance 1. The world economy New trade 9. Imperfect competition 10. Intra-industry trade Policy 8. Trade policy 11. Strategic trade policy 12. Int. trade organizations 13. Economic integration 17. Applied trade policy modeling Economic geography New interactions 14. Geographical economics 15. Multinationals 16. New goods, growth, and development Industrial organization International business Growth theory Part I Part II Part III Part IV 18. Concluding remarks Introduction Measuring intra-industry trade Dixit-Stiglitz demand Demand effects; income, price elasticity , and price index Increasing returns to scale Optimal pricing and zero profits Explaining intra-industry trade An alternative interpretation: intermediate goods Conclusions CHAPTER 10; INTRA - INDUSTRY TRADE International Trade & the World Economy; Charles van Marrewijk Introduction International Trade & the World Economy; Charles van Marrewijk Objectives / key terms Aggregation level Grubel-Lloyd index Intra-industry trade (love-of-) Variety Dixit-Stiglitz demand Price elasticity of demand Internal and external scale economies Monopolistic competition Mark-up pricing Zero profits Avinash Dixit (1944 - ) Introduction Measuring intra-industry trade Dixit-Stiglitz demand Demand effects; income, price elasticity , and price index Increasing returns to scale Optimal pricing and zero profits Explaining intra-industry trade An alternative interpretation: intermediate goods Conclusions CHAPTER 10; INTRA - INDUSTRY TRADE International Trade & the World Economy; Charles van Marrewijk Measuring intra-industry trade (= two-way trade in similar goods) International Trade & the World Economy; Charles van Marrewijk i i i i i Ex Ex GL Im Im 1 +-- = Use the Grubel-Lloyd (GL) index to measure intra-industry trade: Table 10.1 International trade between The Philippines (RP) and Japan; 1998* SITC Exports from RP Imports into RP GL index 8 Miscellaneous manufactured articles 383,167 576,412 0.80 81 Prefabricated buildings 4,147 2,186 0.69 82 Furniture and parts thereof 42,332 6,155 0.25 83 Travel goods, handbags and similar containers 4,804 67 0.03 84 Articles of apparel and clothing accessories...
View Full Document

This note was uploaded on 12/02/2011 for the course ECONOMIC 110 taught by Professor Kearl during the Fall '11 term at BYU.

Page1 / 24

chap10 - Introduction Measuring intra-industry trade...

This preview shows document pages 1 - 7. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online