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Topics in Empirical International Economics

A Festschrift in Honor of Robert E. Lipsey

In this timely volume emanating from the National Bureau of Economic Research’s program in international economics, leading economists address recent developments in three important areas. The first section of the book focuses on international comparisons of output and prices, and includes papers that present new measures of product market integration, new methodology to infer relative factor price changes from quantitative data, and an ongoing capital stock measurement project. The next section features articles on international trade, including such significant issues as deterring child labor exploitation in developing countries, exchange rate regimes, and mapping U. S. comparative advantage across various factors. The book concludes with research on multinational corporations and includes a discussion of the long-debated issue of whether growth of production abroad substitutes for or is complementary to production growth at home. The papers in the volume are dedicated to Robert E. Lipsey, who for more than a half century at the NBER, contributed significantly to the broad field of empirical international economics.

240 pages | 24 line drawings, 46 tables | 6 x 9 | © 2001

National Bureau of Economic Research Conference Report

Economics and Business: Economics--International and Comparative

Table of Contents

Magnus Blomström and Linda S. Goldberg
I. International Comparisons of Output and Prices
1. Measuring Product-Market Integration
Michael M. Knetter and Matthew J. Slaughter
Comment: James Harrigan
2. Inferring Relative Factor Price Changes from Quantitative Data
Robert E. Baldwin
Comment: Edward E. Leamer
II. Multinational Firms
3. Multinational Firms: Reconciling Theory and Evidence
James R. Markusen and Keith E. Maskus
Comment: Ann E. Harrison
4. Determinants and Effects of Multinational Growth: The Swedish Case Revisited
Birgitta Swedenborg
Comment: Bruce A. Blonigen
5. Home-Country Effects of FDI: Foreign Production and Structural Change in Home-Country Operations
Gunnar Fors and Ari Kokko
Comment: Guy V. G. Stevens
III. International Trade and Exchange Rates
6. The Optimal Choice of Exchange Rate Regime: Price-Setting Rules and Internationalized Production
Michael B. Devereux and Charles Engel
Comment: Anna J. Schwartz
7. Revealing Comparative Advantage: Chaotic or Coherent Patterns across Time and Sector and U.S. Trading Partner?
J. David Richardson and Chi Zhang
Comment: Kei-Mu Yi
8. U.S. Trade and Other Policy Options and Programs to Deter Foreign Exploitation of Child Labor
Drusilla K. Brown, Alan V. Deardorff, and Robert M. Stern
Comment: Robert W. Staiger
Author Index
Subject Index

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