Broadening Trade Theory:Incorporating Market Realities into Traditional Models

James Markusen

in World Scientific Books from World Scientific Publishing Co. Pte. Ltd.

Abstract: This volume is a collection of the author's past and recent research. It concentrates on some topics that continue to be neglected in mainstream trade theory, but which have grown in empirical relevance as the decades have passed and allow us to broaden our world view. These include adding multinational firms and a major role for the demand side of general equilibrium to our conventional portfolio of models.

Keywords: Multinational Firms; Horizontal Multinationals; Vertical Multinationals; Internalization; Vertical Integration; Outsourcing; Foreign Affiliates; Per-Capita Income; Non-homothetic Preferences; Income Elasticity of Demand; Missing Trade Puzzle; Skill Premium Puzzle; Pro-competitive Gains From Trade; Complements; Externalities (search for similar items in EconPapers)
JEL-codes: F00 F02 F13 F41 F43 (search for similar items in EconPapers)
Date: 2021
ISBN: 9789811222955
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https://www.worldscientific.com/worldscibooks/10.1142/11902 (text/html)
Ebook Access is available upon purchase

Chapters in this book:

Ch 1 MULTINATIONALS, MULTI-PLANT ECONOMIES, AND THE GAINS FROM TRADE , pp 3-24

James Markusen

Ch 2 Endogenous market structures in international trade (natura facit saltum) , pp 25-45

Ignatius J. Horstmann and James Markusen

Ch 3 Multinational firms and the new trade theory , pp 47-67

James Markusen and Anthony Venables

Ch 4 The theory of endowment, intra-industry and multi-national trade , pp 69-94

James Markusen and Anthony Venables

Ch 5 Estimating The Knowledge-Capital Model of the Multinational Enterprise , pp 95-110

David L. Carr, James Markusen and Keith Maskus

Ch 6 EXPORT-PLATFORM FOREIGN DIRECT INVESTMENT , pp 111-130

Karolina Ekholm, Rikard Forslid and James Markusen

Ch 7 Multinational firms, technology diffusion and trade , pp 131-158

Wilfred J. Ethier and James Markusen

Ch 8 Contracts, intellectual property rights, and multinational investment in developing countries , pp 159-174

James Markusen

Ch 9 Explaining the Volume of Trade: An Eclectic Approach , pp 177-186

James Markusen

Ch 10 Putting per-capita income back into trade theory , pp 187-197

James Markusen

Ch 11 INTERNATIONAL TRADE PUZZLES: A SOLUTION LINKING PRODUCTION AND PREFERENCES , pp 199-250

Justin Caron, Thibault Fally and James Markusen

Ch 12 Per capita income and the demand for skills , pp 251-268

Justin Caron, Thibault Fally and James Markusen

Ch 13 An Alternative Base Case for Modeling Trade and the Global Environment , pp 269-299

James Markusen

Ch 14 TRADE AND THE GAINS FROM TRADE WITH IMPERFECT COMPETITION , pp 303-323

James Markusen

Ch 15 FACTOR MOVEMENTS AND COMMODITY TRADE AS COMPLEMENTS , pp 325-340

James Markusen

Ch 16 INTERNATIONAL EXTERNALITIES AND OPTIMAL TAX STRUCTURES , pp 341-355

James Markusen

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