Applied international trade

This fully revised and updated second edition offers a comprehensive approach to the methods of international trade analysis. By focusing on the application of theory, the book illustrates the ideas while identifying the implications and weaknesses of the various theories and models found through empirical implementation. This thoroughly revised second edition of Applied International Trade presents the leading theoretical and applied methods used in the field of international trade. It highlights the importance of linking theory to data and of verifying theoretical predictions through empirical investigation. The book also draws out and highlights the theoretical and policy implications that arise from empirical findings. Features of the second edition include: Expanded focus on emerging topics such as firm heterogeneity, intrafirm trade, and the basis and structure of multinational production Increased coverage of gravity models and international factor movements, including labor migration Fully updated presentation and discussion of the most recent empirical findings, data methods and sources Rigorous and analytical, yet written in an accessible manner with ample use of graphs throughout, Applied International Trade is an ideal text for courses at advanced undergraduate and masters level. For instructors: A companion website is available at www.palgrave.com/economics/AIT2 , comprising lecture slides and an Instructor's Manual with solutions to end-of-chapter problemsPART 1: THE TRADING WORLD: PATTERNS AND POLICY The Structure of International Trade and Factor Flows Trade Policy Instruments and Environment PART 2: COMPETITIVE MARKETS: TRADE AND TRADE POLICY The Ricardian Framework The Factor Abundance Model Trade Policy Factor Mobility and Trade The Factor Abundance Theory in Higher Dimensions PART 3: IMPERFECTLY COMPETITIVE MARKETS: TRADE AND TRADE POLICY Imperfect Competition Heterogeneous Firms Trade Policy in Imperfectly Competitive Markets Multinational Production PART 4: SPECIAL TOPICS Economic Integration Exchange Rates and International Trade Growth and International Trade Appendix: Data Methods and Sources