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In: Economic theory, econometrics, and mathematical economics
In: Routledge Studies in the Modern World Economy
In: Routledge Studies in the Modern World Economy Ser. v.32
When can a country be said to benefit from free trade?This question has obsessed economists for more than 200 years, and a definitive answer has never been provided. Continuing the influential work begun in The Gains from Trade and the Gains from Aid, (Routledge 1995), Murray Kemp here presents the recent progress he and his co-workers have made in tackling this important question
This book focuses on the normative side of trade theory and is divided into five parts: * trade under perfect competition; * restricted trade under perfect competition; * trade under imperfect competition and other distortions; * Compensation: lumpsum, non-lumpsum or neither? * International trade
In: Routledge studies in international business and the world economy, 44
We develop a model of international trade with increasing returns to scale by taking into account the possibility of cooperation among agents in an egalitarian economy. It is shown that each country gains from trade in a trading world in which there are arbitrary numbers of increasing-returns-to-scale goods, constant-returns-to-scale goods, factors of production, and countries.
In: School of Economics discussion paper 95/43
In: Studies in international economics 2
In: Canadian studies in economics 15
In: Frontiers of Economics and Globalization; Globalization and Emerging Issues in Trade Theory and Policy, S. 77-86
In: European Journal of Political Economy, Band 23, Heft 2, S. 416-422
In: European journal of political economy, Band 23, Heft 2, S. 416-422
ISSN: 1873-5703
In the present paper it is shown that the Kemp-Wan proposition concerning customs unions can be extended to cover free trade associations other than customs unions and that sense can be made of the common conjecture that a customs union is more beneficial or less harmful to the world economy than a comparable but distinct free trade association that is not also a customs union. [Copyright 2007 Elsevier B.V.]