International Trade and Finance: Frontiers for Research

by Peter B. Kenen

Overview

The nine papers in this volume were written for a conference on research in international trade and finance held at Princeton University in March 1973. Each author was asked to survey research on one major topic, with a view to answering three questions: What have we learned from recent empirical research? What are the major gaps in present knowledge? How should we go about filling those gaps? When answering the second question, authors were urged to look at the practical requirements of those who must make policy concerning the international economy, and at the opportunities and insights offered by recent developments in pure theory. When answering the third, they were urged to look at developments in econometric technique, newly available data, and work in progress in related fields.

Product Details

ISBN-13:	9780521068741
Publisher:	Cambridge University Press
Publication date:	07/10/2008
Pages:	560
Product dimensions:	5.98(w) x 9.02(h) x 1.22(d)

Table of Contents

Part I. Trade, Production, and Domestic Production: 1. Testing Trade Theories Robert M. Stern; 2. The Costs and Consequences of Protection: A Survey of Empirical Work W. M. Corden; 3. Trade Policies and Economic Development Carlos F. Diaz-Alejandro; Part II: Econometric Models of Trade and Payments: 4. Price, Incomes, and Foreign Trade Stephen P. Magee; 5. The Multinational Corporation and Direct Investment G. C. Hufbauer; 6. Empirical Research on Financial Capital Flows Ralph C. Bryant; Part III. Payments Adjustment and the Monetary System: 7. Adjustment under Fixed and Flexible Exchange Rates John Helliwell; 8. International Reserves and Liquidity Benjamin J. Cohen; 9. The LINK Model of World Trade, with Applications to 1972-73 L. R. Klein, C. Moriguchi and A. Van Peeterssen; Part IV. An Overview and Agenda: What We Need to Know: Panel Discussion Charles P. Kindleberger, Hollis B. Chenery, Jagdish Bhagwati, Richard N. Cooper, Wilson Schmidt, Milton Gilbert and Harry G. Johnson.