Synopses & Reviews
This thoroughly revised second edition of Applied International Trade
presents the leading theoretical and applied methods used in the field of international trade. It highlights the importance of linking theory to data and of verifying theoretical predictions through empirical investigation. The book also draws out and highlights the theoretical and policy implications that arise from empirical findings.
Features of the second edition include:
- Expanded focus on emerging topics such as firm heterogeneity, intrafirm trade, and the basis and structure of multinational production
- Increased coverage of gravity models and international factor movements, including labor migration
- Fully updated presentation and discussion of the most recent empirical findings, data methods and sources
Rigorous and analytical, yet written in an accessible manner with ample use of graphs throughout, Applied International Trade is an ideal text for courses at advanced undergraduate and masters level.
For instructors: A companion website is available at www.palgrave.com/economics/AIT2, comprising lecture slides and an Instructor's Manual with solutions to end-of-chapter problems.
Praise for the previous edition:
"This text represents a refreshing change from the usual publications on international trade. It is both highly reflective and analytical, yet still informative." - Hans Mackenstein, Cardiff University
"This up-to-date text on international trade is comprehensive and yet accessible and succinct. It is a valuable resource for students and teachers alike." — Douglas A. Irwin, Robert E. Maxwell '23 Professor of Arts and Sciences, Dartmouth College
"This is an excellent text on the foundations of international trade with an attractive blend of theory and empirics." — Daniel Bernhofen, Professor of International Economics, University of Nottingham, UK
"Clear exposition, thorough explanation, up-to-date empirical information and fresh insights. Unrivalled in its market." — Charles van Marrewijk, Professor of International Economics, Utrecht University, The Netherlands
This fully revised and updated second edition offers a comprehensive approach to the methods of international trade analysis. By focusing on the application of theory, the book illustrates the ideas while identifying the implications and weaknesses of the various theories and models found through empirical implementation.
About the Author
HARRY P. BOWEN is Professor of Economics and International Business and W.R. Holland Chair of International Business and Finance at McColl School of Business, Queens University of Charlotte. A former Fulbright Scholar and an Olin Fellow at the National Bureau of Economic Research, he has written extensively on international trade and business in many journals, including the American Economic Review
, Journal of International Business Studies
, Global Strategy Journal
, Review of Economics and Statistics
, Strategic Management Journal
, and Quarterly Journal of Economics
ABRAHAM HOLLANDER is Professor of Economics at the University of Montreal, Canada. His work has been widely published in leading academic journals including the European Economic Review, International Journal of Industrial Organization, The American Journal of Agricultural Economics, and Journal of International Economics.
JEAN-MARIE VIAENE is Professor of Economics at the Erasmus School of Economics, Erasmus University Rotterdam, the Netherlands. He is also Research Fellow at CESifo (Munich) and at the Tinbergen Institute. His research in the area of international economics has been published in many leading academic journals including the International Economic Review, Journal of International Economics, European Economic Review, Journal of Economic Dynamics and Control, and the Journal of International Money and Finance.
Table of Contents
PART 1: THE TRADING WORLD: PATTERNS AND POLICY
The Pattern of International Trade and Factor Flows
The Instruments and Environment of Trade Policy
PART 2: COMPETITIVE MARKETS: TRADE AND TRADE POLICY
The Ricardian Framework
The Factor Abundance Model
Factor Mobility and Trade
Higher Dimensional Issues
Empirical Tests of the Factor Abundance Model
PART 3: IMPERFECTLY COMPETITIVE MARKETS: TRADE AND TRADE POLICY
Trade Policy in Imperfectly Competitive Markets
PART 4: SPECIAL TOPICS
Exchange Rates and International Trade
Growth and International Trade
Appendix: Data Methods and Sources