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Production Structure in the Context of International Trade

 

Marketed By :  LAP LAMBERT Academic Publishing   Sold By :  Kamal Books International  
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  • Product Description
 
This work deals with the empirical phenomenon of intra-industry trade, i.e. trade in similar goods between similar countries. It treats this phenomenon from the point of view of the theory of production structure, highlighting the importance of sequential nature of production and heterogeneity and specificity of factors of production. The reader is first exposed to the historical development of production and capital theories. Simple theory of production structure is then presented and a useful tool for the analysis of intra-industry trade is developed. In the following discussion of existing theories of intra-industry trade, we make the case for vertical intra-industry specialization and sliced-up production chains across countries. The reader immediately observes the importance of the production structure theory for the analysis of intra-industry trade. We accordingly apply the concepts of the structure of production on intra-industry trade and analyze, in particular, the time- and place-aspects of international production. Finally, we show the relevance of our approach to intra-industry trade for the analysis of business cycle synchronization and Optimum currency areas theory.
Product Specifications
SKU :COC12810
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
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