International Trade Modelling (édité en collaboration avec Marcel Dagenais), Chapman & Hall, Londres, 357 pages, 1992.
In recent years, international trade has become a subject of increaed practical importance and also one of the most intellectually exciting parts of economics. In his introduction to this book, Paul Krugman outlines why this is the case by analysing the original contribution of the New Trade Theory in interpreting and explaining the observed trade behaviour of the past twenty years.
In sequence to the introduction, there are sections which discuss: Formal tests of the New Trade Theory, Price Discrimination and Exchange Rate as well as New Protectionism, measures of Comparative Advantages and Import Demand in industrialized and developing countries. Some of the chapters also use CGE models to evaluate Trade Protectionism, while others encompass External Trade within aggregate Disequilibrium Models.
International Trade Modelling will be of interest to economists, investment analysts and financial planners.