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The 'institutional factor' in the theory of international trade: new vs. old trade theories

In: Is There Progress in Economics?

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  • Sergio Parrinello

Abstract

This thought-provoking book discusses the concept of progress in economics and investigates whether any advance has been made in its different spheres of research. The authors look back at the history, successes and failures of their respective fields and thoroughly examine the notion of progress from an epistemological and methodological perspective.

Suggested Citation

  • Sergio Parrinello, 2002. "The 'institutional factor' in the theory of international trade: new vs. old trade theories," Chapters, in: Stephan Boehm & Christian Gehrke & Heinz D. Kurz & Richard Sturn (ed.), Is There Progress in Economics?, chapter 15, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:2403_15
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    1. repec:bla:kyklos:v:36:y:1983:i:3:p:377-96 is not listed on IDEAS
    2. Richard H. Clarida & Ronald Findlay, 1991. "Endogenous Comparative Advantage, Government, and the Pattern of Trade," NBER Working Papers 3813, National Bureau of Economic Research, Inc.
    3. Jones, Ronald W & Scheinkman, Jose A, 1977. "The Relevance of the Two-Sector Production Model in Trade Theory," Journal of Political Economy, University of Chicago Press, vol. 85(5), pages 909-935, October.
    4. Alessandra Casella & Jonathan S. Feinstein, 1990. "Public Goods in Trade: On the Formation of Markets and Political Jurisdictions," NBER Working Papers 3554, National Bureau of Economic Research, Inc.
    5. Sergio Parrinello, 1999. "Explaining and Understanding Economic Events by Contrasting Alternatives," Metroeconomica, Wiley Blackwell, vol. 50(3), pages 325-350, October.
    6. Negishi,Takashi, 1985. "Economic Theories in a Non-Walrasian Tradition," Cambridge Books, Cambridge University Press, number 9780521259675, October.
    7. Alan V. Deardorff, 2011. "The General Validity of the Law of Comparative Advantage," World Scientific Book Chapters, in: Robert M Stern (ed.), Comparative Advantage, Growth, And The Gains From Trade And Globalization A Festschrift in Honor of Alan V Deardorff, chapter 10, pages 73-90, World Scientific Publishing Co. Pte. Ltd..
    8. Metcalfe, J S & Steedman, Ian, 1972. "Reswitching and Primary Input Use," Economic Journal, Royal Economic Society, vol. 82(325), pages 140-157, March.
    9. Krugman, Paul, 1995. "Increasing returns, imperfect competition and the positive theory of international trade," Handbook of International Economics, in: G. M. Grossman & K. Rogoff (ed.), Handbook of International Economics, edition 1, volume 3, chapter 24, pages 1243-1277, Elsevier.
    10. Richard A. Brecher, 1974. "Minimum Wage Rates and the Pure Theory of International Trade," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 88(1), pages 98-116.
    11. Casella, Alessandra, 1995. "Free Trade and Evolving Standards," CEPR Discussion Papers 1204, C.E.P.R. Discussion Papers.
    12. George Akerlof, 1976. "The Economics of Caste and of the Rat Race and Other Woeful Tales," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 90(4), pages 599-617.
    13. North, Douglass C., 1979. "A framework for analyzing the state in economic history," Explorations in Economic History, Elsevier, vol. 16(3), pages 249-259, July.
    14. Paul Krugman, 1986. "Strategic Trade Policy and the New International Economics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262610450, April.
    15. Basu, Kaushik & Jones, Eric & Schlicht, Ekkehart, 1987. "The growth and decay of custom: The role of the new institutional economics in economic history," Explorations in Economic History, Elsevier, vol. 24(1), pages 1-21, January.
    16. Lindbeck, Assar, 1976. "Stabilization Policy in Open Economies with Endogenous Politicians," American Economic Review, American Economic Association, vol. 66(2), pages 1-19, May.
    17. Ethier, Wilfred J., 1984. "Higher dimensional issues in trade theory," Handbook of International Economics, in: R. W. Jones & P. B. Kenen (ed.), Handbook of International Economics, edition 1, volume 1, chapter 3, pages 131-184, Elsevier.
    18. Sergio Parrinello, 1988. "“On Foreign Trade” and the Ricardian Model of Trade," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 10(4), pages 585-601, July.
    19. Field, Alexander James, 1981. "The problem with neoclassical institutional economics: A critique with special reference to the North/Thomas model of pre-1500 Europe," Explorations in Economic History, Elsevier, vol. 18(2), pages 174-198, April.
    20. Smith, Alasdair, 1984. "Capital theory and trade theory," Handbook of International Economics, in: R. W. Jones & P. B. Kenen (ed.), Handbook of International Economics, edition 1, volume 1, chapter 6, pages 289-324, Elsevier.
    21. Lancaster, Kelvin, 1980. "Intra-industry trade under perfect monopolistic competition," Journal of International Economics, Elsevier, vol. 10(2), pages 151-175, May.
    22. Field, Alexander James, 1991. "Do legal systems matter?," Explorations in Economic History, Elsevier, vol. 28(1), pages 1-35, January.
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    Cited by:

    1. Arief Bustaman & Rina Indiastuti & B. Budiono & Titik Anas, 2022. "Quality of Indonesia’s domestic institutions and export performance in the era of global value chains," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 11(1), pages 1-29, December.

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    More about this item

    Keywords

    Economics and Finance;

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F01 - International Economics - - General - - - Global Outlook
    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General

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