Economic Growth and International Trade

This book presents new research on combining the theory of economic growth with the theory of international trade and international factor movements. As growth theory, it studies the behaviour of fundamental dynamic models (deterministic, stochastic) of trading economies. As trade theory, it is concerned with gains from trade and dynamic welfare implications of regulations and strategic trade policy. The contributors include: Alan Deardorff, Murray Kemp, Henry Wan Jr., Oded Stark, Michael Devereux, Theo van de Klundert, Sjak Smulders, Ngo Long and Koji Shimomura.

E. Kwan Choi is Professor of Economics at Iowa State University and the Editor of Review of International Economics. He is also Associate Editor of Japanese Economic Review, Managing Editor of Review of Development Economics, and co-author of the Handbook of International Trade,Volume I.

Introduction
Diverging Populations and Endogenous Growth in a Model of Meaningless Trade	p. 1
Basic Stochastic Dynamic Systems of Growth and Trade	p. 20
Trade Gains in Chaotic Equilibria	p. 45
Hong Kong: The Fragile Economy of Middlemen	p. 52
Catching-up and Regulation in a Two-Sector Small Open Economy	p. 73
Migration under Asymmetric Information and Human Capital Formation	p. 97
Chaotic Equilibria in a Small, Open, Overlapping-Generations Economy with Child - Parent Externality	p. 126
Learning-by-Doing and Strategic Trade Policy	p. 135
Real Exchange Rate Trends and Growth: A Model of East Asia	p. 151
Industrialization, Economic Growth, and International Trade	p. 164
Income Tax, Property Tax, and Tariff in a Small Open Economy	p. 183
Index	p. 197
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Economic Growth and International Trade

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