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Trade Theory, Analytical Models And Development |
Edited by Sisira Jayasuriya, Professor of Economics, School of Economics and Finance, La Trobe University, Melbourne, Australia
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‘Peter Lloyd has been a prolific and influential contributor to international trade theory and to rigorous policy analysis in several fields, mostly in applied microeconomics. Here is an impressive collection of papers on trade theory and his other interests by leading economists written in his honour.’
– W. Max Corden, The Johns Hopkins University, US
‘33 distinguished contributors spread across four continents are to be congratulated for these high-quality and stimulating sets of essays. The range of issues covered is remarkably comprehensive: trade theory and policy; trade and market structure; WTO issues, trade negotiations and regional integration; trade and poverty; political economy; and empirical investigations. The essays are a fitting testimony to the consistently creative, rigorous and path-breaking work of Peter Lloyd in these and related areas over a period spanning nearly 40 years.’
– Hal Hill, Australian National University
The two volumes incorporate major new papers contributed by leading international economists, on a range of topics that reflect the breadth of Professor Lloyd’s own distinguished contributions to the field of international trade and policy during a career spanning over four decades.
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Contents: Introduction Part I: Real Trade Theory 1. Real Wages and Trends: Insights from Extreme Examples 2. The Factor Scarcity (Abundance) Hypothesis, Factor Mobility, and the Political Economy of International Trade Policy Part II: Theory of Trade Policy 3. Are Uniform Tariffs Optimal? 4. On the Measurement of Welfare Changes at Second-best Optima 5. Pareto-Optimal Customs Unions with Transfers Part III: Trade and Market Structure 6. Endogenous Mergers and Tariffs in an Integrated Market 7. What Have We Learned from a Generation’s Research on Intra-Industry Trade? 8. Reforming Trade-distorting State Trading Enterprises Part IV: New Applications of Trade Theory 9. Consumption and Production Externalities in a Small Open Economy with Accumulating Capital 10. Explaining a Dynamic CGE Simulation with a Trade-focused Back-of-the-Envelope Analysis: The Effects of eCommerce on Australia 11. Trade Liberalization, Resource Degradation and Industrial Pollution in Developing Countries Index
Contributors: M. Amiti, I. Coxhead, P.B. Dixon, R. Falvey, D. Greenaway, S. Jayasuriya, R.W. Jones, K. Kawamata, W.F. Liu, D. MacLaren, S. McCorriston, M. Melatos, C. Milner, M.T. Rimmer, R.J. Ruffin, A.G. Schweinberger, S.J. Turnovsky, A. Woodland
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