Titlebook: International Trade Theory; Capital, Knowledge, Wei-Bin Zhang Book 2008 Springer-Verlag Berlin Heidelberg 2008 Capital Accumulation.Econom

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International Trade and Trade Theory,d factor flows growing much more rapidly than output.1 One can hardly find a family that does not hold something produced by foreign countries even in a developing economy like mainland China. All the people around the world are enjoying global services such as international sport games and global s

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Classical International Trade Theories,’s trade theory with absolute advantage. Although Smith’s ideas about absolute advantage were crucial for the early development of classical thought for international trade, he failed to create a convincing economic theory of international trade. Section 2.2 examines the theories of comparative adva

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Trade with Imperfect Competition,tive feature allows us to avoid complexity of strategic interactions among firms (like in oligopoly models). The modeling framework with monopolistic competition makes it possible to endogenize entry-exit processes and the range of products supplied in the market through these processes. In determin

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Growth of Small Open-Economies with Capital Accumulation,om traditional approaches in modeling dynamics of international trade is how to model households’ decision making. Section 6.1 introduces the one-sector growth (OSG) model of an isolated economy. In the rest of this book, we use the OSG framework to stand for the one sector growth model developed in

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One-Sector Global Growth Models with Capital Accumulation,ction sectors in our model are similar to the neoclassical onesector growth model. It is assumed that there is only one (durable) good in the global economy under consideration. Households own assets of the economy and distribute their incomes to consume and save. Our model, as far as trade and glob

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Growth, Trade Patten and Structure,yze behavior of the static H-O model even with Cobb-Douglas production and utility functions. The current state of the literature is described by Doi et al. (2007: 390-1) as follows: “Innumberable articles and volumes have been published to extend the O-H model to various directions in such a way th

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