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Broadening Trade Theory:Incorporating Market Realities into Traditional Models

Author

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  • James R Markusen

    (University of Colorado, Boulder, USA)

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.

Individual chapters are listed in the "Chapters" tab

Suggested Citation

  • James R Markusen, 2021. "Broadening Trade Theory:Incorporating Market Realities into Traditional Models," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 11902, January.
    • Handle: RePEc:wsi:wsbook:11902
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    File URL: https://www.worldscientific.com/worldscibooks/10.1142/11902
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    Book Chapters

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    More about this item

    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;
    All these keywords.

    JEL classification:

    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F00 - International Economics - - General - - - General
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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