Titlebook: Current Issues in International Trade; David Greenaway (Professor of Economics) Textbook 1996Latest edition Macmillan Publishers Limited 1

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Empirical Analysis of the Welfare Effects of Commercial Policy,areness of second-best theory has resulted in increased attention being given to the welfare effects of market distortions and externalities (private costs being likely to give distorted measures of the social opportunity costs of resources). Empirical innovations, although often lagging behind theo

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Capital Goods and the Pure Theory of Trade,le, it constitutes no more than an application of the general theory of value, distribution and resource allocation. It follows at once, of course, both that each possible approach to general economic theory has its corresponding theory of trade and that any changes or developments in general theory

FID

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Empirical Analyses of International Trade Flows,of the existence of intra-industry trade (Verdoom, 1960). More recently, the remarkable progress achieved in modelling crucial imperfect competition variables, such as economies of scale and preference diversity in a general equilibrium framework, has triggered the proliferation of other insight-yie

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Strategic Trade Policy,ll of economic theory during the 1980s. Two principal strands have emerged in this new literature: one is the literature on intra-industry trade, which is surveyed by Henryk Kierzkowski in Chapter 1 above; the other major strand, to be reviewed here, has acquired the label ‘strategic trade policy’ f

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Economic Aspects of Voluntary Export Restraints,is chapter is to examine briefly this form of trade barrier and its effects. The focus is on aspects that are peculiar to VERs, and it is assumed that the reader is familiar with the standard analysis of tariffs and import quotas. (An overview of basic principles can be found in Williamson and Milne

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