book

Handbook of International Economics

by Gita Gopinath, Elhanan Helpman, Kenneth Rogoff

February 2014

Intermediate to advanced

776 pages

29h 49m

English

North Holland

Read now

Unlock full access

Cover image
Title page
Table of Contents
Copyright
Contributors
Introduction to the Series
Preface
1: Heterogeneous Firms and Trade
1 Introduction 2 Empirical Evidence 3 General Setup 4 Closed Economy Equilibrium 5 Open Economy with Trade Costs 6 Quantitative Predictions 7 Factor Abundance and Heterogeneity 8 Trade and Market Size 9 Endogenous Firm Productivity 10 Factor Markets 11 Conclusion References
2: Multinational Firms and the Structure of International Trade
1 Introduction 2 Stylized Facts 3 Benchmark Model: An Extended Krugman (1980) Model 4 The Proximity-Concentration Hypothesis 5 Vertical Expansion 6 MultiCountry Models 7 Multinational Firm Boundaries
8 Conclusion
References

3: Gravity Equations: Workhorse,Toolkit, and Cookbook
1 Introduction 2 Micro-Foundations for Gravity Equations 3 Theory-Consistent Estimation 4 Gravity Estimates of Policy Impacts 5 Frontiers of Gravity Research 6 Directions for Future Research 7 Conclusion
References
4: Trade Theory with Numbers: Quantifying the Consequences of Globalization
1 Introduction 2 Getting Started 3 Beyond Armington 4 Evaluating Trade Policy 5 Numbers We Can Believe In? 6 “Micro” versus “Macro” Numbers 7 Life Without Gravity 8 Concluding Remarks
References
5: Domestic Institutions as a Source of Comparative Advantage
1 Introduction 2 Contracting and Property-Right Institutions: Impacts on Comparative Advantage 3 Informal Institutions and their Impacts on Comparative Advantage 4 Policies and the Indirect Impacts of Institutions on Comparative Advantage 5 The Impact of Trade and Comparative Advantage on Domestic Institutions 6 Conclusion References
6: International Trade Agreements
1 Introduction 2 The Motives for Trade Agreements 3 The Design of Trade Agreements 4 Regional Trade Agreements 5 Conclusion
References
7: International Prices and Exchange Rates
1 Introduction 2 Empirical Evidence 3 A Simple Framework to Interpret Empirical Findings 4 Models with Desired Variable Markups 5 Other Models of Incomplete Pass-through 6 Industry Equilibrium 7 General Equilibrium 8 Conclusion 9 Appendix References
8: Exchange Rates and Interest Parity
1 Exchange Rates and Interest Parity 2 Monetary Sticky-Price Models of Exchange Rates 3 Empirical Studies of Exchange Rates 4 Ex Ante Excess Returns and the Uncovered Interest Parity Puzzle 5 Conclusions
References
9: Assessing International Efficiency
1 Introduction 2 A Methodology for Assessing International Efficiency 3 Assessing Long-Run Efficiency 4 Assessing Efficiency in International Business Cycles 5 Conclusion 6 Appendix: Proof of Proposition 1 References
10: External Adjustment, Global Imbalances, Valuation Effects
1 Introduction 2 Stylized Facts 3 Long-Term Capital Flows in the Neoclassical Growth Model 4 Models of Global Imbalances 5 External Balance Sheets, Valuation Effects, and Adjustment 6 The International Monetary and Financial System 7 Conclusion References
11: Sovereign Debt
1 Introduction: Conceptual Issues 2 Empirical Facts 3 A Benchmark Framework 4 Richer Notions of “Default” 5 Self-fulfilling Debt Crises 6 Incomplete-Market Models and their Quantitative Implementation 7 Concluding Remarks References
12: International Financial Crises
1 Introduction 2 Fiscal-Monetary Imbalances 3 Overvaluation, Unemployment, and Multiple Equilibria 4 Financial Flows, Sudden Stops, and Balance Sheet Effects 5 Spread Spirals and Rollover Crises 6 Sources of Fragility 7 Concluding Remarks References
Index

Content preview from Handbook of International Economics

Chapter 6

International Trade Agreements*

Giovanni Maggi, Yale University, New Haven, CT, USA, Graduate School of Economics, Getulio Vargas Foundation, Brasil, National Bureau of Economic Research, Cambridge, MA, USA

Abstract

In this chapter I survey the recent theoretical and empirical advances in the economics of international trade agreements, focusing on three main topics: the motives for trade agreements; the design of rules and institutions for trade policy; and regional trade agreements.

Keywords

International trade agreements

JEL classification codes

F13

F53

K33

1 Introduction

The starting point for this survey is represented by the two chapters on trade agreements in the previous volume of the Handbook of International Economics ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.

Read now

Unlock full access

More than 5,000 organizations count on O’Reilly

O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.

Julian F.

Head of Cybersecurity

I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.

Addison B.

Field Engineer

I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.

Amir M.

Data Platform Tech Lead

I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.

Mark W.

Embedded Software Engineer

Publisher Resources

ISBN: 9780444543141

Cloud Computing

Data Engineering

Data Science

AI & ML

Programming Languages

Software Architecture

IT/Ops

Security

Design