Titlebook: Macroeconomics, Trade, and Social Welfare; Michihiro Ohyama Book 2016 Springer Japan 2016 Fiscal policy.Free trade agreements.Gains from t

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Mercurial

Unemployment and Inflation: The Natural Wage Rate Hypothesis Stagnation refers to the situation in which the general price level (or the rate of inflation) declines together with the quantitative indices of aggregate economic activities such as output and employment. Needless to say, a most important example of stagnation is the Great Depression, which began

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Innovations and International Tradegories: process innovations and product innovations. The former may also be named “cost-reducing innovations” in the sense that they take place through the discovery of new processes to produce the old products at lower costs. In contrast, the latter may be called “quality-improving innovations” bec

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Partial Free Trade Agreements and Economic Welfare: Reconsidering GATT Article 24as started in the mid-1990s to succeed and strengthen the General Agreement on Tariffs and Trade (GATT) as the organization to promote global free trade. For the time being, the FTA and the WTO, the seemingly inconsistent organizations, are serving as the twin engines of international trade. The imp

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Market, Trade, and Welfare in General Equilibriumul findings about the market behavior of firms and their implications for economic welfare. More often than not, the analysis of these phenomena has been carried out within the framework of partial equilibrium models. This is a notable, and perhaps inevitable, turnabout from the dominance of general

仲裁者

Welfare and Efficiency: Socioeconomic Controversies in Modern Timeses such as security, health, environment, and fairness. Is it really true that the pursuit of efficiency impedes social values? What are the social values to begin with? Are they to be distinguished from the individual values in the narrow sense defined in economics? In this chapter, we intend to re