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International Trade, Welfare, and the Theory of General Equilibrium

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  • Marjit,Sugata
  • Kar,Saibal

Abstract

This essential volume reflects the continuing and enduring utility of general equilibrium as a framework of analyses. It attempts to reiterate that understanding broad and holistic consequence of economic events and policies go beyond partial equilibrium perspective. Cutting across areas of research, general equilibrium perspectives in terms of small-scale GE models following the theory and perspectives of Ronald Jones can help readers develop informed judgement regarding critical policies. These include but are not limited to several areas of specific interest - the interaction of financial factors with international trade and implications for the 'real sectors' of the economy, the impact of labour market reforms on the unorganised sectors in developing and transition countries, the non-uniform effects of inflation and deflation on internal and external factor flows, and the sought-after relation between foreign investment and skill accumulation.

Suggested Citation

  • Marjit,Sugata & Kar,Saibal (ed.), 2018. "International Trade, Welfare, and the Theory of General Equilibrium," Cambridge Books, Cambridge University Press, number 9781108473873, October.
    • Handle: RePEc:cup:cbooks:9781108473873
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    Cited by:

    1. Ramesh Chandra Das & Tonmoy Chatterjee, 2021. "Trade liberalization and R&D activity: examining long-run and short-run linkages for individual and panel of leading countries and groups," Economic Change and Restructuring, Springer, vol. 54(4), pages 1091-1118, November.
    2. Fumio Dei & Sugata Marjit & Kazuo Nishimura & Makoto Yano, 2021. "Introduction," International Journal of Economic Theory, The International Society for Economic Theory, vol. 17(1), pages 3-5, March.
    3. Sugata Marjit & Manoj Pant & Sugandha Huria, 2020. "Unskilled immigration, technical progress, and wages—Role of the household sector," Review of International Economics, Wiley Blackwell, vol. 28(1), pages 235-251, February.
    4. Marjit, Sugata & Das, Gouranga G., 2021. "The new Ricardian specific factor model," Journal of Asian Economics, Elsevier, vol. 76(C).
    5. Sushobhan Mahata & Rohan Kanti Khan & Ranjanendra Narayan Nag, 2020. "Economic Recession, Informal Sector and Skilled–Unskilled Wage Disparity in a Developing Economy: A Trade-Theoretical Analysis," Foreign Trade Review, , vol. 55(2), pages 168-188, May.

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