Handbook of International Economics. Volume 5 : International Trade / edited by Gita Gopinath, Elhanan Helpman, Kenneth Rogoff.

Format:

Book

Contributor:

Gopinath, Gita, editor.

Helpman, Elhanan, editor.

Rogoff, Kenneth, editor.

Series:

Handbooks in Economics ; Volume 5.

Handbooks in Economics ; Volume 5

Language:

English

Subjects (All):

International economic relations.

Physical Description:

1 online resource (xxii, 489 pages). : illustrations

Edition:

1st ed.

Other Title:

Handbook of International Economics

Place of Publication:

Amsterdam : Elsevier, 2022.

Summary:

Handbook of International Economics, Fifth Edition provides a definitive reference and teaching supplement for researchers and advanced graduate students.It includes self-contained surveys of the current state of a branch of economics in the form of chapters prepared by leading specialists.

Contents:

Front Cover

Handbook of International Economics: International Trade, Volume 5

Copyright

Contents

Contributors

Introduction to the series

Preface

1 The role of trade in economic development

1 Introduction

2 Trade and distortions: an organizing framework

2.1 Model setup

2.2 How trade shocks affect development

2.3 Decomposing the role of trade in the development process

Term 1: the mechanical effects of technological change

Term 2: changes in the factoral terms of trade

Term 3: changes in distortion revenue

Term 4: direct exposure effects of changes in distortions

2.4 Solving for reallocation effects

2.5 Mapping the theory to the data

2.5.1 Data on flows

2.5.2 Elasticity values

2.5.3 Computational procedure

3 The nature and extent of distortions in developing countries

3.1 Sales distortions

3.1.1 Regulations, corruption, and crime

3.1.2 Markups

3.1.3 Taxes and subsidies

3.1.4 Informality

3.1.5 Production externalities

3.2 Input distortions

3.2.1 Capital input distortions

3.2.2 Labor input distortions

3.2.3 Intermediate input distortions

3.2.4 Electricity and other input distortions

4 The effects of lowering trade barriers in economies with fixed distortions

4.1 Trade and reallocation in the literature

4.1.1 Macro-level distortions

4.1.2 Firm-level distortions

4.2 Changes in technological trade costs on imports

4.3 Changes in import tariffs

4.4 Which distortions shape the impact of trade in developing countries?

5 Effects of trade barriers on the extent of distortions

5.1 Size-dependent distortions

5.1.1 Size-dependent distortions in the literature

5.1.2 Estimating size-dependent distortions

5.1.3 The effects of trade shocks in the presence of size-dependent distortions

5.2 Direct effects of trade on distortions.

5.2.1 Direct effects of trade on distortions in the literature

5.2.2 The effects of trade shocks when trade directly changes the size of distortions

6 Concluding remarks

Appendix Supplementary material

References

2 Globalization and the environment

2 Data

3 Stylized facts

3.1 Empirical patterns across industries and firms

Stylized fact #1: dirty industries are more exposed to trade

Stylized fact #2: different types of pollution are correlated

Stylized fact #3: dirty industries are more upstream

Stylized fact #4: more productive plants are cleaner

3.2 Empirical patterns across countries and over time

Stylized fact #5: pollution emission rates differ substantially across countries

Stylized fact #6: most global emissions growth comes from developing countries

Stylized fact #7: international trade accounts for a fourth to a third of global pollution emissions

Stylized fact #8: rich countries are increasingly outsourcing pollution

Stylized fact #9: technique accounts for a larger share of changes in emissions than composition

4 How does globalization affect the environment?

4.1 Production-generated pollution

4.1.1 Trade may raise or lower pollution

4.1.2 The pollution haven hypothesis

4.1.3 The pollution reduction by rationalization hypothesis

Heterogeneous firms: theory

Heterogeneous firms: evidence

4.1.4 The pollution offshoring hypothesis

4.2 Consumption-generated pollution

4.3 Emissions in transport

4.4 Renewable resources

4.4.1 A canonical model

4.4.2 Does market integration lead to excessive exploitation?

4.4.3 Evidence

4.4.4 Does weak natural resource regulation provide a source of comparative advantage?

4.4.5 Evidence

4.4.6 Can market integration improve resource management?

4.4.7 Evidence.

5 Globalization and the environment: policy

5.1 Trade policy and environmental outcomes

5.2 Trade policy reform

5.3 Use of trade policy to achieve domestic environmental objectives

5.4 Effects of openness to trade on environmental policy

5.5 Evidence

5.6 Implications for the design of trade agreements

6 Trade and climate change

6.1 How does globalization affect global pollutants?

6.2 Trade policy and climate change

Targeting foreign conservation

Leakage

Linkage

6.3 Trade and adaptation to climate change

7 Conclusion

3 Trade and geography

2 The geographic incidence of international trade shocks

2.1 The China shock

2.2 Interpretation

3 Modeling economic activity between cities and regions

3.1 Consumer preferences

3.2 Production

3.3 Price indices and expenditure shares

3.4 Market clearing

3.5 Population mobility

3.6 General equilibrium

3.7 Existence and uniqueness

3.8 Recovering locational fundamentals

3.9 Counterfactuals

4 Empirical evidence between cities and regions

4.1 Transport infrastructure

4.2 Microfounding market access

4.3 Firm and consumer market access

4.4 Measuring market access

4.5 Measuring trade costs

4.6 Empirical evidence on market access

4.7 Multiple equilibria and path dependence

4.8 Modeling the geographic incidence of trade shocks

5 Modeling economic activity within cities

5.1 Workplace-residence choices

5.2 First and second-nature geography

5.3 Estimating agglomeration forces

5.4 Quantifying the impact of transport infrastructure improvements

5.5 Counterfactuals

6 Conclusions

4 Trade policy

2 Empirical effects: reduced-form approach.

2.1 Reduced-form evidence of the 2018 trade war

2.2 Trade in intermediate goods: global value chains

2.3 The effects of trade policy across local labor markets

2.3.1 Shift-share analysis

2.3.2 Theory behind shift-share analysis

2.3.3 Discussion and interpretation of the shift-share trade policy analysis

2.3.4 Persistent effects of trade policy

2.4 Trade policy uncertainty

3 Quantitative trade policy analysis in general equilibrium

3.1 Aggregate and sectoral effects of trade policy

3.1.1 Intermediate goods, multiple sectors, and sectoral supply-chain linkages

3.1.2 Using tariff variation to estimate trade elasticities

3.1.3 Trade policy counterfactuals

3.1.4 Data: advances and limitations

3.1.5 Application: evaluating the aggregate effects of the 2018 trade war

3.2 Spatial model for trade policy analysis

3.2.1 Policy counterfactuals in a spatial trade policy model

3.2.2 Data: advances and limitations

3.2.3 Evaluating the aggregate and distributional effects of the 2018 trade war

3.3 Dynamic spatial model of trade policy

3.3.1 Policy counterfactuals in a dynamic spatial trade policy model

3.3.2 Data: advances and limitations

3.3.3 Computing counterfactuals

3.3.4 The aggregate, distributional, and dynamic effects of the 2018 trade war

3.4 Trade policy and exporter dynamics

3.5 Trade policy uncertainty

3.6 Discussion

4 Optimal trade policy with heterogeneity

4.1 Optimal unilateral import tariffs in neoclassical environments

4.1.1 A two-country, one-sector economy with a continuum of goods

4.1.2 Small open economy

4.1.3 Trade policy across goods

4.1.4 Trade taxes across sectors

4.1.5 Example of the primal approach with multiple sectors

4.2 Monopolistic competitive firms

4.2.1 A two-country, one-sector economy with a continuum of firms.

4.2.2 Trade policy across firms

4.3 Trade in intermediate goods - global value chains

4.4 Industrial, political, and social considerations

4.5 Discussion

5 Conclusion

5 Global value chains

2 Empirical work: ``macro'' measurement

2.1 Accounting for value added

2.1.1 Value added in final goods

2.1.2 Value added in gross exports

2.1.3 ``Macro'' trends in GVC activity

2.2 Critical assessment: limitations and directions for improvement

2.3 Measures of positioning in GVCs

3 Empirical work: micro-level evidence

3.1 Selection into GVC participation

3.2 Evidence on buyer-supplier matching

3.3 Evidence on the relational nature of GVC links

4 Modeling GVCs: macro approaches

4.1 Roundabout models: the Caliendo-Parro model

4.1.1 Theoretical framework

Environment and notation

Preferences and technology

Equilibrium

4.1.2 Mapping the model to data

4.1.3 Counterfactual analysis: the hat-algebra approach

4.1.4 Applications and extensions

4.1.5 Critical assessment

4.2 Multi-stage approaches

4.2.1 A simple multi-stage model

4.2.2 Gains from trade

4.2.3 Mapping to data, extensions, and applications

4.2.4 Critical assessment

5 Modeling GVCs: micro approaches

5.1 GVC participation: decentralized approaches

5.1.1 Selection into forward GVC participation

5.1.2 Selection into backward GVC participation

Environment and assumptions

Equilibrium with nontradable final goods

Related work and extensions

5.1.3 Two-sided matching frameworks

Models with deterministic matching

Models with stochastic matching

5.2 Designing GVCs: the lead-firm problem

5.2.1 Multi-stage production

Free trade: comparative advantage

Free trade: absolute advantage

Costly trade

Scale economies.

5.2.2 Horizontal and export-platform FDI.

Notes:

Includes index.

Includes bibliographical references and index.

Description based on: online resource; title from PDF title screen (ScienceDirect, viewed Septemter 14, 2022).

Description based on publisher supplied metadata and other sources.

ISBN:

9780323988896

032398889X

9780323988902

OCLC:

1311317467