Introduction To Numerical Simulation For Trade Theory And Policy

Introduction To Numerical Simulation For Trade Theory And Policy
Author: John Gilbert
Publisher: World Scientific Publishing Company
Total Pages: 320
Release: 2012-11-29
Genre: Business & Economics
ISBN: 9814401625

This volume provides a practical guide to building and using simulation models for international trade theory and policy. Through a sequence of carefully constructed and fully documented programs, the volume illustrates how numerical simulation can be used to analyze a wide array of problems. Modern computable general equilibrium (CGE) models for trade policy are challenging in their complexity, but can be thought of as constructions of much simpler building blocks. By developing the building blocks in a consistent manner, and gradually putting them together in more complex and interesting ways, the volume makes CGE accessible to anyone with a background in microeconomics/trade theory. The volume will be useful to graduate students and researchers in international trade looking for a detailed guide to building simulation models and to developing the skill set necessary to enter into the world of CGE modeling.

The Essence Of International Trade Theory

The Essence Of International Trade Theory
Author: Noritsugu Nakanishi
Publisher: World Scientific
Total Pages: 289
Release: 2018-10-29
Genre: Business & Economics
ISBN: 9813274409

This textbook aims to explain the principles in international trade theory and show how some useful trade models work. The book concentrates on two fundamental issues in international trade, that is, the 'determinants of trade patterns' and the 'welfare gains from trade' in various economic environments. Chapters 1 through 3 assume perfect competition and explore the workings of the Ricardian model, the Heckscher-Ohlin-Samuelson model, the Specific Factors model and more recent development of the Eaton-Kortum model. Chapter 4 examines various welfare criteria and their relation to the 'social utility function' and, then, proves the basic gains-from-trade proposition. Chapters 5 and 6 examine the implications of imperfect competition using a unified oligopolistic model and variations of the monopolistically competitive model. The roles of the strategic interaction among firms, the economies of scale, product differentiation, the heterogeneity of firms, and the geographic distribution of agents will be highlighted. Chapter 7 deals with some trade policy issues such as the effects of tariffs, the relation of tariffs to other policy measures, and the so-called strategic trade policies.

International Trade: Theory, Evidence And Policy

International Trade: Theory, Evidence And Policy
Author: Richard Pomfret
Publisher: World Scientific Publishing Company
Total Pages: 321
Release: 2016-02-04
Genre: Political Science
ISBN: 9814725099

International Trade: Theory, Evidence and Policy provides an integrated non-mathematical account of trade theory and policy that can be read straight through. The footnotes provide caveats, extensions and entry points, or further reading.This book is divided into three parts. The first part focuses on the core theoretical analysis of international trade that has evolved over a quarter-millennium. The second part reviews recent empirical research in global value chains, trade costs, and heterogeneous firms, particularly from analysing large datasets of individual firms' characteristics and of trade flows disaggregated to very finely detailed levels. The third section of the book analyzes trade policies and discusses current policy debates.This edition is based on Pomfret's Lecture Notes on International Trade Theory and Policy, first published in 2008. The content has been extensively updated and revised to stand as a new volume.

Globalizations and Emerging Issues in Trade Theory and Policy

Globalizations and Emerging Issues in Trade Theory and Policy
Author: Hamid Beladi
Publisher: Emerald Group Publishing
Total Pages: 308
Release: 2008-10-01
Genre: Business & Economics
ISBN: 1846639638

Presents a collection of research findings on topical issues in international trade theory and policy. This work deals with trade liberalization and outsourcing. It examines trading clubs and preferential trading agreements. It features six chapters on the various aspects of trade and aid.

Discrete Choice Methods with Simulation

Discrete Choice Methods with Simulation
Author: Kenneth Train
Publisher: Cambridge University Press
Total Pages: 399
Release: 2009-07-06
Genre: Business & Economics
ISBN: 0521766559

This book describes the new generation of discrete choice methods, focusing on the many advances that are made possible by simulation. Researchers use these statistical methods to examine the choices that consumers, households, firms, and other agents make. Each of the major models is covered: logit, generalized extreme value, or GEV (including nested and cross-nested logits), probit, and mixed logit, plus a variety of specifications that build on these basics. Simulation-assisted estimation procedures are investigated and compared, including maximum stimulated likelihood, method of simulated moments, and method of simulated scores. Procedures for drawing from densities are described, including variance reduction techniques such as anithetics and Halton draws. Recent advances in Bayesian procedures are explored, including the use of the Metropolis-Hastings algorithm and its variant Gibbs sampling. The second edition adds chapters on endogeneity and expectation-maximization (EM) algorithms. No other book incorporates all these fields, which have arisen in the past 25 years. The procedures are applicable in many fields, including energy, transportation, environmental studies, health, labor, and marketing.

Fluid Dynamics

Fluid Dynamics
Author: Constantine Pozrikidis
Publisher: Springer Science & Business Media
Total Pages: 686
Release: 2013-11-11
Genre: Science
ISBN: 1475733232

Ready access to computers at an institutional and personal level has defined a new era in teaching and learning. The opportunity to extend the subject matter of traditional science and engineering disciplines into the realm of scientific computing has become not only desirable, but also necessary. Thanks to port ability and low overhead and operating costs, experimentation by numerical simulation has become a viable substitute, and occasionally the only alternative, to physical experiment at ion. The new environment has motivated the writing of texts and mono graphs with a modern perspective that incorporates numerical and com puter programming aspects as an integral part of the curriculum: meth ods, concepts, and ideas should be presented in a unified fashion that motivates and underlines the urgency of the new elements, but does not compromise the rigor of the classical approach and does not oversimplify. Interfacing fundamental concepts and practical methods of scientific computing can be done on different levels. In one approach, theory and implement at ion are kept complementary and presented in a sequential fashion. In a second approach, the coupling involves deriving compu tational methods and simulation algorithms, and translating equations into computer code instructions immediately following problem formu lations. The author of this book is a proponent of the second approach and advocates its adoption as a means of enhancing learning: interject ing methods of scientific computing into the traditional discourse offers a powerful venue for developing analytical skills and obtaining physical insight.

An Inframarginal Approach To Trade Theory

An Inframarginal Approach To Trade Theory
Author: Xiaokai Yang
Publisher: World Scientific
Total Pages: 539
Release: 2005-03-08
Genre: Business & Economics
ISBN: 9814482226

Inframarginal analysis represents a methodology that extends marginal analysis, using non-classical mathematical programming, in efforts to investigate corner solutions and indivisibilities. As such this approach has been used to reintroduce classical insights regarding the division of labor and economic organization to the mainstream of economic inquiry. One of the most prolific and useful relevant applications of inframarginal analysis concerns the area of international trade theory. The ensuing field of study has attracted considerable — and rapidly expanding — interest in recent years. Yet, little has been done by way of organizing the accumulated knowledge in a single volume. This book fills that gap by collecting key articles that mark distinct stages in the evolution of research in the area of inframarginal applications to trade theory. In this context the volume represents an excellent introduction of this novel and exciting field of study to the new researcher, and an invaluable source of reference to those seasoned in inframarginal applications to trade theory.

Dynamic Issues in Commercial Policy Analysis

Dynamic Issues in Commercial Policy Analysis
Author: Richard E. Baldwin
Publisher: Cambridge University Press
Total Pages: 408
Release: 1999-05-06
Genre: Business & Economics
ISBN: 0521641713

Dynamic Issues in Commercial Policy Analysis focuses on the explicit specification of dynamic mechanisms in trade models.