1,735 research outputs found

    Weldon Corden

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    BACKGROUND TO THE INTRODUCTION OF HIGH YIELDING VARIETIES OF RICE IN THAILAND

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    This paper describes Thailand's experience to date with new technology in rice, namely new high yielding varieties with associated inputs, which forms one part of the "green revolution." First, the historical background in exports, production, and domestic marketing and pricing is presented. Next the significant developments in rice research in Thailand are described, followed by a brief outline of the adoption of new varieties. In the final section, some implications are drawn for future developments, based on the experience gained until now.Crop Production/Industries,

    Endogenous labour market imperfection and the HOS model: some counterintuitive trade-theoretic results

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    This paper introduces endogenous labour market imperfection in an otherwise Heckscher-Ohlin-Samuelson (HOS) model. It demonstrates that this framework satisfies the Stolper-Samuelson theorem and the magnification effect and that it is capable of producing certain trade-theoretic results which are contrary to the standard HOS and the Corden and Findlay (1975) results.Labour market imperfection, Heckscher-Ohlin-Samuelson model, Corden and Findlay model, foreign capital, trade liberalization, general equilibrium

    The economics of the Australian press

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    Deposited with permission of the author. © 1951 W. M. CordenThis study represent an application of the techniques of economic analysis to the Australian newspaper industry. The questions may be summarised as follows: How does a newspaper viewed as a rational economic entity? maximise its profits? What is the present degree of monopoly in the Australian press? how has this degree of monopoly developed and what are its causes? Finally what are the economic prospects of the industry

    Global Imbalances and the Paradox of Thrift

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    Global imbalances refer to current account surpluses and deficits. This is a form of international intertemporal trade, and the neoclassical approach suggests that there are gains from trade, and hence there may be no problem created by global imbalances. This paper presents qualifications to this argument. A crucial concept is the "return journey", namely the need for borrowers to pay interest (or dividends) and eventually to be able to repay. Thus savings must lead to investment, which provides the future resources to enable the return journey. If borrowing is used to finance current consumption, wars, or unwise ("unfruitful") investment, such as excessive housing construction, the result will be a crisis. In this way the high net savings of some countries actually led to the recent crisis. This is a new version of Keynes’ “paradox of thrift” The central issue on which this paper focuses is the failure of high net savings by the “savings glut” countries to lead to fruitful investment in other countries, both in the United States and in developing countries. Hence a crisis was caused by the lack of provision for the return journey.Global imbalances, paradox of thrift, financial crisis, instability of capital flows, world savings glut, quantitative easing

    Strategic trade policy : how new? how sensible?

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    This paper reviews some recent developments in the theory of trade policy that have to do with imperfect competition, strategic interactions as a result of oligopoly, and economies of scale. All these developments have been described as the"new international economics."In the view of some they represent major breakthroughs. One purpose of this paper is to examine how new some of this is and how it relates to the orthodox theory. The paper will focus on one major aspect of these developments, namely"Brander-Spencer profit sharing"and its policy implications. The conclusion is that it relates closely to the existing framework of the orthodox theory of trade policy.Economic Theory&Research,Environmental Economics&Policies,TF054105-DONOR FUNDED OPERATION ADMINISTRATION FEE INCOME AND EXPENSE ACCOUNT,Trade Policy,General Technology
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