Table of Contents

Acknowledgments ix Preface xi Chapter 1 Preliminaries: Two-Sector Models 1 Chapter 2 The Heckscher-Ohlin Model 31 Chapter 3 Many Goods and Factors 64 Chapter 4 Trade in Intermediate Inputs and Wages 99 Chapter 5 Increasing Returns and the Gravity Equation 137 Chapter 6 Gains from Trade and Regional Agreements 174 Chapter 7 Import Tariffs and Dumping 209 Chapter 8 Import Quotas and Export Subsidies 254 Chapter 9 Political Economy of Trade Policy 300 Chapter 10 Trade and Endogenous Growth 338 Chapter 11 Multinationals and Organization of the Firm 371 Appendix A. Price, Productivity, and Terms of Trade Indexes 410 Appendix B. Discrete Choice Models 429 References 443 Index 475

Promotional Information

No other book in advanced international trade matches this one in providing a clear, complete, up-to-date, balanced, and systematic summary of international trade theory and evidence. Its impact on the graduate education and scholarly research of international trade will be felt for years to come. -- Bin Xu, University of Florida In fifteen years of teaching this material I have never used a textbook. Thanks to Robert Feenstra, my students are about to experience a dramatic change for the better. When I have a question about international trade I immediately turn to Rob Feenstra for answers and insights. He is the most distinguished empirical researcher in the field today. Not surprisingly, this book reflects both his awesome scholarship and his ability to communicate ideas simply. -- Daniel Trefler, University of Toronto This book is a tremendous contribution. It will quickly become 'the' main textbook in graduate international trade classes, and will be a useful reference for many others interested in the field. It is very up-to-date and is unique in emphasizing empirical testing and results, precisely what most trade economists are doing these days. -- Douglas Irwin, Dartmouth College, author of "Free Trade Under Fire" Feenstra covers his topics fabulously. I hope--for the sake of our field--that this book will help to complete a revolution already underway in turning the study of international trade from speculation into a science. -- Donald Davis, Columbia University

About the Author

Robert C. Feenstra is Professor of Economics at the University of California, Davis. A former editor of the "Journal of International Economics", and currently an associate editor of that journal and the "American Economic Review", he has edited eight books and published numerous articles on international trade. He also directs the International Trade and Investment research program at the National Bureau of Economic Research.

Reviews

"No other book in advanced international trade matches this one in providing a clear, complete, up-to-date, balanced, and systematic summary of international trade theory and evidence. Its impact on the graduate education and scholarly research of international trade will be felt for years to come."—Bin Xu, University of Florida

"In fifteen years of teaching this material I have never used a textbook. Thanks to Robert Feenstra, my students are about to experience a dramatic change for the better. When I have a question about international trade I immediately turn to Rob Feenstra for answers and insights. He is the most distinguished empirical researcher in the field today. Not surprisingly, this book reflects both his awesome scholarship and his ability to communicate ideas simply."—Daniel Trefler, University of Toronto

"This book is a tremendous contribution. It will quickly become 'the' main textbook in graduate international trade classes, and will be a useful reference for many others interested in the field. It is very up-to-date and is unique in emphasizing empirical testing and results, precisely what most trade economists are doing these days."—Douglas Irwin, Dartmouth College, author of Free Trade Under Fire

"Feenstra covers his topics fabulously. I hope—for the sake of our field—that this book will help to complete a revolution already underway in turning the study of international trade from speculation into a science."—Donald Davis, Columbia University