Empirical Methods In International Trade

Internationalization of the world economy has made trade a key factor in the growth potential of nearly every nation’s economy. Hence, economists have become increasingly interested in the determinants of international trade and competitiveness. Empirical Methods in International Trade captures the many aspects of this trend in globalization through practical techniques well-founded in economic theory.

The authors, comprising some of the most influential applied international economists of their generation, use cutting-edge models to develop empirical approaches to critical aspects of economic interchange. These approaches are developed and explained carefully with the goal of making them accessible to a wide audience. Topics include: inter alia, labor markets and trade, regional economic integration, measures of national competitiveness and export similarity, aspects of the WTO and NAFTA, trade pattern persistence, trade in services, and various case studies applied to East Asia.

Professors and students of international economics will find this volume a valuable addition to their library, as will policymakers dealing with economic issues of international scope.

Contents: Foreword by Peter McPherson Foreword by Jagdish Bhagwati Part I: Introduction 1. Contributions of Professor Kreinin to International Economics Part II: New Approaches to Empirical Trade Analysis 2. Measures of Similarity and Matching in International Trade 3. Changes in the Relative International Competitiveness of the United States During the Past Two Decades 4. Why Does Optimal Currency Area Theory Fail to Predict Changes in Currency Areas? Evidence from Europe and Lessons for Asia 5. Labor Market Structure and its Influence on Trade-Related Outcomes: Some Initial Findings 6. Trade Pattern Persistence 7. The Role of Intra-Industry Trade in the Service Sector 8. Global Production Networks and Regional Integration Part III: Empirical Approaches to Economic Integration 9. The WTO Agreement on Safeguards: An Empirical Analysis of Discriminatory Impact 10. Organized Labor’s Campaign Contributions after the NAFTA Vote: Rhetoric or Retribution? 11. Korea’s Direct Investment in China and its Implications for Economic Integration in Northeast Asia 12. NAFTA and the Broader Impacts of Trade Agreements on Industrial Development: When ‘Second-Order Effects’ Dominate 13. Selective Intervention and Growth: The Case of Korea Index