国际经济学克鲁格曼课后习题答案1 8章
国际经济学第六版中文版克鲁格曼课后习题答案
指导手册伴随克鲁格曼& Obstfeld国际经济学:理论和政策第六版第一章介绍组织章国际经济是什么呢?贸易收益的贸易的模式保护主义国际收支汇率的决心国际政策协调国际资本市场国际经济学:贸易和资金章概述本章的目的是提供概述,国际经济的主题,并提供一种指导组织的文本。
它是相对容易的讲师激励研究国际贸易和金融。
报纸的头版,杂志的封面,导致电视新闻广播的报道预示着美国经济的相互依存与世界其他国家的。
这种相互依存关系可能也会被学生通过他们购买进口的各种各样的商品,他们的个人观测的影响由于国际竞争的混乱,和他们的经验通过出国旅行。
理论的学习国际经济学生成一个理解许多关键事件,塑造我们的国内和国际环境。
在最近的历史,这些事件包括成因及后果的巨额经常账户赤字的美国;显著升值的美元在1980年代的前半期后跟其快速折旧在第二个一半的1980年代,拉丁美洲债务危机的1980年代和墨西哥危机在1994年末;和不断上升的压力,保护不受外国竞争的行业广泛表达了在1980年代后期和更为强烈拥护在1990年代的前半期。
最近,金融危机始于东亚在1997年和年蔓延到世界各地的许多国家,经济和货币联盟在欧洲已经强调了w第二章劳动生产率和比较优势:李嘉图模型组织章比较优势的概念一个单因素经济生产可能性相对价格和供应贸易在单因素的世界箱:比较优势在实践:贝比鲁斯的情况确定相对价格在贸易贸易收益的一个数值例子箱:非贸易的损失相对工资误解的比较优势生产力和竞争力穷人劳动力参数剥削箱:工资反映生产力?比较优势与许多商品设置模型相对工资和专业化确定相对工资与Multigood模型增加运输成本和非贸易商品经验证据在李嘉图模型摘要章概述李嘉图模型的介绍了国际贸易理论。
这个最基本的模型的贸易涉及两个国家,两种商品,和一个生产要素、劳动。
在相对劳动生产率差异各国引起国际贸易。
这李嘉图模型,简单,产生重要的见解关于比较优势和从交易中获利。
这些观点有必要的基础提出了更复杂的模型在后面的章节。
国际经济学克鲁格曼课后习题答案章完整版
国际经济学克鲁格曼课后习题答案章集团标准化办公室:[VV986T-J682P28-JP266L8-68PNN]第一章练习与答案1.为什么说在决定生产和消费时,相对价格比绝对价格更重要?答案提示:当生产处于生产边界线上,资源则得到了充分利用,这时,要想增加某一产品的生产,必须降低另一产品的生产,也就是说,增加某一产品的生产是有机会机本(或社会成本)的。
生产可能性边界上任何一点都表示生产效率和充分就业得以实现,但究竟选择哪一点,则还要看两个商品的相对价格,即它们在市场上的交换比率。
相对价格等于机会成本时,生产点在生产可能性边界上的位置也就确定了。
所以,在决定生产和消费时,相对价格比绝对价格更重要。
2.仿效图1—6和图1—7,试推导出Y商品的国民供给曲线和国民需求曲线。
答案提示:3.在只有两种商品的情况下,当一个商品达到均衡时,另外一个商品是否也同时达到均衡?试解释原因。
答案提示:4.如果生产可能性边界是一条直线,试确定过剩供给(或需求)曲线。
答案提示:5.如果改用Y商品的过剩供给曲线(B国)和过剩需求曲线(A国)来确定国际均衡价格,那么所得出的结果与图1—13中的结果是否一致?6.答案提示:国际均衡价格将依旧处于贸易前两国相对价格的中间某点。
7.说明贸易条件变化如何影响国际贸易利益在两国间的分配。
答案提示:一国出口产品价格的相对上升意味着此国可以用较少的出口换得较多的进口产品,有利于此国贸易利益的获得,不过,出口价格上升将不利于出口数量的增加,有损于出口国的贸易利益;与此类似,出口商品价格的下降有利于出口商品数量的增加,但是这意味着此国用较多的出口换得较少的进口产品。
对于进口国来讲,贸易条件变化对国际贸易利益的影响是相反的。
8.如果国际贸易发生在一个大国和一个小国之间,那么贸易后,国际相对价格更接近于哪一个国家在封闭下的相对价格水平?答案提示:贸易后,国际相对价格将更接近于大国在封闭下的相对价格水平。
国际经济学(克鲁格曼)教材答案
Chapter 31.Home has 1200 units of labor available. It can produce two goods, apples and bananas. The unit labor requirement in apple production is 3, while in banana production it is 2. a .Graph out the production possibilities frontier:b .What is the opportunity cost of apples in terms of bananas?5.1=LbLa a a c .In the absence of trade, what would the price of apples in terms of bananas be?In the absence of trade, since labor is the only factor of production and supply decisions aredetermined by the attempts of individuals to maximize their earnings in a competitive economy, only when Lb La b a /a a /P P =will both goods be produced. So 1.5 /P P b a =2.Home is as described in problem 1. There is now also another country, Foreign, with alabor force of 800. Foreign ’s unit labor requirement in apple production is 5, while in banana production it is 1.a .Graph Foreign ’s production possibilities frontier:b .Construct the world relative supply curve.Home's PPF 0200400600800200400600800Q apple Q banana Foreign's PPF0200400600800100080160240320400Q*apple Q*banana3.Now suppose world relative demand takes the following form: Demand for apples/demandfor bananas = price of bananas/price of apples.a .Graph the relative demand curve along with the relative supply curve:a b b a /P P /D D =∵When the market achieves its equilibrium, we have 1b a )(D D -**=++=ba b b a a P P Q Q Q Q ∴RD is a hyperbola xy 1=b .What is the equilibrium relative price of apples?The equilibrium relative price of apples is determined by the intersection of the RD and RScurves.RD: yx 1= RS: 5]5,5.1[5.1],5.0(5.0)5.0,0[=∈=⎪⎩⎪⎨⎧+∞∈=∈y y y x x x ∴25.0==y x∴2/=b P a P e ec .Describe the pattern of trade.∵b a b e a e b a P P P P P P ///>>**∴In this two-country world, Home will specialize in the apple production, export apples and import bananas. Foreign will specialize in the banana production, export bananas and import apples.d .Show that both Home and Foreign gain from trade.International trade allows Home and Foreign to consume anywhere within the coloredlines, which lie outside the countries ’ production possibility frontiers. And the indirect method, specializing in producing only one production then trade with other country, is a more efficient method than direct production. In the absence of trade, Home could gain three bananas by foregoing two apples, and Foreign could gain by one foregoing five bananas. Trade allows each country to trade two bananas for one apple. Home could then gain four bananas by foregoing two apples while Foreign could gain one apple by foregoing only two bananas. So both Home and Foreign gain from trade.4.Suppose that instead of 1200 workers, Home had 2400. Find the equilibrium relative price. What can you say about the efficiency of world production and the division of the gains from trade between Home and Foreign in this case?RD: yx 1= RS: 5]5,5.1[5.1],1(1)1,0[=∈=⎪⎩⎪⎨⎧+∞∈=∈y y y x x x ∴5.132==y x ∴5.1/=b P a P e eIn this case, Foreign will specialize in the banana production, export bananas and import apples. But Home will produce bananas and apples at the same time. And the opportunity cost of bananas in terms of apples for Home remains the same. So Home neither gains nor loses but Foreign gains from trade.5.Suppose that Home has 2400 workers, but they are only half as production in both industries as we have been assuming, Construct the world relative supply curve and determine the equilibrium relative price. How do the gains from trade compare with those in the case described in problem 4?In this case, the labor is doubled while the productivity of labor is halved, so the "effective labor"remains the same. So the answer is similar to that in 3. And both Home and Foreign can gain from trade. But Foreign gains lesser compare with that in the case 4.6.”Korean workers earn only $ an hour; if we allow Korea to export as much as it likes to the United States, our workers will be forced down to the same level. You can’t import a $5 shirt without importing the $ wage that goes with it.” Discuss.In fact, relative wage rate is determined by comparative productivity and the relative demand for goods. Korea’s low wage reflects the fact that Korea is less productive than the United States in most industries. Actually, trade with a less productive, low wage country can raise the welfare and standard of living of countries with high productivity, such as United States. Sothis pauper labor argument is wrong.7.Japanese labor productivity is roughly the same as that of the United States in the manufacturing sector (higher in some industries, lower in others), while the United States, is still considerably more productive in the service sector. But most services are non-traded. Some analysts have argued that this poses a problem for the United States, because our comparative advantage lies in things we cannot sell on world markets. What is wrong with this argument?The competitive advantage of any industry depends on both the relative productivities of the industries and the relative wages across industries. So there are four aspects should be taken into account before we reach conclusion: both the industries and service sectors of Japan and U.S., not just the two service sectors. So this statement does not bade on the reasonable logic. 8.Anyone who has visited Japan knows it is an incredibly expensive place; although Japanese workers earn about the same as their . counterparts, the purchasing power of their incomes is about one-third less. Extend your discussing from question 7 to explain this observation. (Hint: Think about wages and the implied prices of non-trade goods.) The relative higher purchasing power of U.S. is sustained and maintained by its considerably higher productivity in services. Because most of those services are non-traded, Japanese could not benefit from those lower service costs. And U.S. does not have to face a lower international price of services. So the purchasing power of Japanese is just one-third of their U.S. counterparts.9.How does the fact that many goods are non-traded affect the extent of possible gains from trade?Actually the gains from trade depended on the proportion of non-traded goods. The gains will increase as the proportion of non-traded goods decrease.10.We have focused on the case of trade involving only two countries. Suppose that there are many countries capable of producing two goods, and that each country has only one factor of production, labor. What could we say about the pattern of production and in this case? (Hint: Try constructing the world relative supply curve.)Any countries to the left of the intersection of the relative demand and relative supply curves export the good in which they have a comparative advantage relative to any country to the right of the intersection. If the intersection occurs in a horizontal portion then the country with that price ratio produces both goods.Chapter 41. In the United States where land is cheap, the ratio of land to labor used in cattle rising ishigher than that of land used in wheat growing. But in more crowded countries, where land is expensive and labor is cheap, it is common to raise cows by using less land and more labor than Americans use to grow wheat. Can we still say that raising cattle is land intensive compared with farming wheat? Why or why not?The definition of cattle growing as land intensive depends on the ratio of land to labor used inproduction, not on the ratio of land or labor to output. The ratio of land to labor in cattle exceeds the ratio in wheat in the United States, implying cattle is land intensive in the United States. Cattle is land intensive in other countries too if the ratio of land to labor in cattle production exceeds the ratio in wheat production in that country. The comparison between another country and the United States is less relevant for answering the question.2. Suppose that at current factor prices cloth is produced using 20 hours of labor for eachacre of land, and food is produced using only 5 hours of labor per acre of land.a. Suppose that the economy ’s total resources are 600 hours of labor and 60 acres ofland. Using a diagram determine the allocation of resources.5TF LF /TF LF /QF)(TF / /QF)(LF aTF / aLF 20TC LC /TC LC /QC)(TC / /QC)(LC aTC / aLC =⇒===⇒==We can solve this algebraically since L=LC+LF=600 and T=TC+TF=60. The solution is LC=400, TC=20, LF=200 and TF=40.b. Now suppose that the labor supply increase first to 800, then 1000, then 1200 hours. Using a diagram like Figure4-6, trace out the changing allocation of resources. Labor Land ClothFoodLCLF TCTFtion).specializa (complete 0.LF 0,TF 1200,LC 60,TC :1200L 66.67LF 13.33,TF 933.33,LC 46.67,TC :1000L 133.33LF 26.67,TF 666.67,LC 33.33,TC :800L ===============c. What would happen if the labor supply were to increase even further?At constant factor prices, some labor would be unused, so factor prices would have tochange, or there would be unemployment.3. “The world ’s poorest countries cannot find anything to export. There is no resource thatis abundant — certainly not capital or land, and in small poor nations not even labor is abundant.” Discuss.The gains from trade depend on comparative rather than absolute advantage. As to poor countries, what matters is not the absolute abundance of factors, but their relative abundance. Poor countries have an abundance of labor relative to capital when compared to more developed countries.4. The U.S. labor movement — which mostly represents blue-collar workers rather thanprofessionals and highly educated workers — has traditionally favored limits on imports form less-affluent countries. Is this a shortsighted policy of a rational one in view of the interests of union members? How does the answer depend on the model of trade?In the Ricardo ’s model, labor gains from trade through an increase in its purchasing power. This result does not support labor union demands for limits on imports from less affluent countries.In the Immobile Factors model labor may gain or lose from trade. Purchasing power in terms of one good will rise, but in terms of the other good it will decline.The Heckscher-Ohlin model directly discusses distribution by considering the effects of trade on the owners of factors of production. In the context of this model, unskilled U.S. labor loses from trade since this group represents the relatively scarce factors in this country. The results from the Heckscher-Ohlin model support labor union demands for import limits. 5. There is substantial inequality of wage levels between regions within the United States. Labor Land Cloth Food0l 800 0l 1000 0l 1200For example, wages of manufacturing workers in equivalent jobs are about 20 percent lower in the Southeast than they are in the Far West. Which of the explanations of failure of factor price equalization might account for this? How is this case different from the divergence of wages between the United States and Mexico (which is geographically closer to both the . Southeast and the Far West than the Southeast and Far West are to each other)?When we employ factor price equalization, we should pay attention to its conditions: both countries/regions produce both goods; both countries have the same technology of production, and the absence of barriers to trade. Inequality of wage levels between regions within the United States may caused by some or all of these reasons.Actually, the barriers to trade always exist in the real world due to transportation costs. And the trade between U.S. and Mexico, by contrast, is subject to legal limits; together with cultural differences that inhibit the flow of technology, this may explain why the difference in wage rates is so much larger.6.Explain why the Leontief paradox and the more recent Bowen, Leamer, andSveikauskas results reported in the text contradict the factor-proportions theory.The factor proportions theory states that countries export those goods whose production is intensive in factors with which they are abundantly endowed. One would expect the United States, which has a high capital/labor ratio relative to the rest of the world, to export capital-intensive goods if the Heckscher-Ohlin theory holds. Leontief found that the United States exported labor-intensive goods. Bowen, Leamer and Sveikauskas found that the correlation between factor endowment and trade patterns is weak for the world as a whole.The data do not support the predictions of the theory that countries' exports and imports reflect the relative endowments of factors.7.In the discussion of empirical results on the Heckscher-Ohlin model, we noted thatrecent work suggests that the efficiency of factors of production seems to differ internationally. Explain how this would affect the concept of factor price equalization.If the efficiency of the factors of production differs internationally, the lessons of the Heckscher-Ohlin theory would be applied to “effective factors” which adjust for the differences in technology or worker skills or land quality (for example). The adjusted model has been found to be more successful than the unadjusted model at explaining the pattern of trade between countries. Factor-price equalization concepts would apply to the effective factors. A worker with more skills or in a country with better technology could be considered to be equal to two workers in another country. Thus, the single person would be two effective units of labor. Thus, the one high-skilled worker could earn twice what lower skilled workers do and the price of one effective unit of labor would still be equalized.chapter 81. The import demand equation, MD, is found by subtracting the home supply equation from the home demand equation. This results in MD = 80 - 40 x P. Without trade, domestic prices and quantities adjust such that import demand is zero. Thus, the price in the absence of trade is2.2. a. Foreign's export supply curve, XS, is XS = -40 + 40 x P. In the absence of trade, the price is 1.b. When trade occurs export supply is equal to import demand, XS = MD. Thus, using theequations from problems 1 and 2a, P = , and the volume of trade is 20.3. a. The new MD curve is 80 - 40 x (P+t) where t is the specific tariff rate, equal to . (Note: in solving these problems you should be careful about whether a specific tariff or ad valorem tariff is imposed. With an ad valorem tariff, the MD equation would be expressed as MD =80-40 x (1+t)P). The equation for the export supply curve by the foreign country is unchanged. Solving, we find that the world price is $, and thus the internal price at home is $. The volume of trade has been reduced to 10, and the total demand for wheat at home has fallen to 65 (from the free trade level of70). The total demand for wheat in Foreign has gone up from 50 to 55.b. andc. The welfare of the home country is best studied using the combined numerical andgraphical solutions presented below in Figure 8-1. Home SupplyHome Demanda b c d e P T =1.7550556070QuantityPrice P W =1.50P T*=1.25where the areas in the figure are:a: 55 (55-50) .5(55-50) (65-55) .5(70-65) (65-55) surplus change: -(a+b+c+d)=. Producer surplus change: a=. Government revenue change: c+e=5. Efficiency losses b+d are exceeded by terms of trade gain e. [Note: in the calculations for the a, b, and d areas a figure of .5 shows up. This is because we are measuring the area of a triangle, which is one-half of the area of the rectangle defined by the product of the horizontal and vertical sides.]4. Using the same solution methodology as in problem 3, when the home country is very small relative to the foreign country, its effects on the terms of trade are expected to be much less. The small country is much more likely to be hurt by its imposition of a tariff. Indeed, this intuition is shown in this problem. The free trade equilibrium is now at the price $ and the trade volume is now $.With the imposition of a tariff of by Home, the new world price is $, the internal home price is $, home demand is units, home supply is and the volume of trade is . When Home is relatively small, the effect of a tariff on world price is smaller than when Home is relatively large. When Foreign and Home were closer in size, a tariff of .5 by home lowered world price by 25 percent, whereas in this case the same tariff lowers world price by about 5 percent. The internal Home price is now closer to the free trade price plus t than when Home was relatively large. In this case, the government revenues from the tariff equal , the consumer surplus loss is , and the producer surplus gain is . The distortionary losses associated with the tariff (areas b+d) sum to and the terms of trade gain (e) is . Clearly, in this small country example the distortionary losses from the tariff swamp the terms of trade gains. The general lesson is the smaller the economy,the larger the losses from a tariff since the terms of trade gains are smaller.5. The effective rate of protection takes into consideration the costs of imported intermediate goods. In this example, half of the cost of an aircraft represents components purchased from other countries. Without the subsidy the aircraft would cost $60 million. The European value added to the aircraft is $30 million. The subsidy cuts the cost of the value added to purchasers of the airplane to $20 million. Thus, the effective rate of protection is (30 - 20)/20 = 50%.6. We first use the foreign export supply and domestic import demand curves to determine the new world price. The foreign supply of exports curve, with a foreign subsidy of 50 percent per unit, becomes XS = -40 + 40(1+ x P. The equilibrium world price is and the internal foreign price is . The volume of trade is 32. The foreign demand and supply curves are used to determine the costs and benefits of the subsidy. Construct a diagram similar to that in the text and calculate the area of the various polygons. The government must provide - x 32 = units of output to support the subsidy. Foreign producers surplus rises due to the subsidy by the amount of units of output. Foreign consumers surplus falls due to the higher price by units of the good. Thus, the net loss to Foreign due to the subsidy is + - = units of output. Home consumers and producers face an internal price of as a result of the subsidy. Home consumers surplus rises by 70 x .3 + .5 (6= while Home producers surplus falls by 44 x .3 + .5(6 x .3) = , for a net gain of units of output.7. At a price of $10 per bag of peanuts, Acirema imports 200 bags of peanuts. A quota limiting the import of peanuts to 50 bags has the following effects:a. The price of peanuts rises to $20 per bag.b. The quota rents are ($20 - $10) x 50 = $500.c. The consumption distortion loss is .5 x 100 bags x $10 per bag = $500.d. The production distortion loss is .5 x50 bags x$10 per bag = $250.。
克鲁格曼国际经济学课后答案
克鲁格曼国际经济学课后答案【篇一:克鲁格曼《国际经济学》(国际金融)习题答案要点】lass=txt>第12章国民收入核算和国际收支1、如问题所述,gnp仅仅包括最终产品和服务的价值是为了避免重复计算的问题。
在国民收入账户中,如果进口的中间品价值从gnp中减去,出口的中间品价值加到gnp中,重复计算的问题将不会发生。
例如:美国分别销售钢材给日本的丰田公司和美国的通用汽车公司。
其中出售给通用公司的钢材,作为中间品其价值不被计算到美国的gnp中。
出售给日本丰田公司的钢材,钢材价值通过丰田公司进入日本的gnp,而最终没有进入美国的国民收入账户。
所以这部分由美国生产要素创造的中间品价值应该从日本的gnp中减去,并加入美国的gnp。
2、(1)等式12-2可以写成ca?(sp?i)?(t?g)。
美国更高的进口壁垒对私人储蓄、投资和政府赤字有比较小或没有影响。
(2)既然强制性的关税和配额对这些变量没有影响,所以贸易壁垒不能减少经常账户赤字。
不同情况对经常账户产生不同的影响。
例如,关税保护能提高被保护行业的投资,从而使经常账户恶化。
(当然,使幼稚产业有一个设备现代化机会的关税保护是合理的。
)同时,当对投资中间品实行关税保护时,由于受保护行业成本的提高可能使该行业投资下降,从而改善经常项目。
一般地,永久性和临时性的关税保护有不同的效果。
这个问题的要点是:政策影响经常账户方式需要进行一般均衡、宏观分析。
3、(1)、购买德国股票反映在美国金融项目的借方。
相应地,当美国人通过他的瑞士银行账户用支票支付时,因为他对瑞士请求权减少,故记入美国金融项目的贷方。
这是美国用一个外国资产交易另外一种外国资产的案例。
(2)、同样,购买德国股票反映在美国金融项目的借方。
当德国销售商将美国支票存入德国银行并且银行将这笔资金贷给德国进口商(此时,记入美国经常项目的贷方)或贷给个人或公司购买美国资产(此时,记入美国金融项目的贷方)。
最后,银行采取的各项行为将导致记入美国国际收支表的贷方。
克鲁格曼国际经济学中文版第18章
• 外部平衡
– 指一国既没有陷入赤字危机也没有过度的盈余。
Copyright © 2003 Pearson Education, Inc.
Slide 18-5
在开放经济下的宏观经济目标
国内平衡:充分就业和物价稳定
• 资源利用不足或过度使用都将导致总体价格水平的
– 例子: 美元与加元在1945年实现了可自由兑换。一个拥有 美元的加拿大居民可在美国境内购买商品或把美元卖给加 拿大中央银行。
• 《国际货币基金组织协定》仅要求在经常项目交易
中实行货币的可兑换。
Copyright © 2003 Pearson Education, Inc.
Slide 18-23
布雷顿森林体系下的内外部平衡
波动,从而降低整个经济的效率。 • 为了避免价格水平的不稳定,政府必须:
– 防止总需求相对于它在充分就业时的水平发生大的 波动。 – 确保国内货币供给的增长不会过快或过慢。
Copyright © 2003 Pearson Education, Inc.
Slide 18-6
在开放经济下的宏观经济目标
• 向经常项目赤字的国家提供贷款。 • 要求货币的可兑换性。
Copyright © 2003 Pearson Education, Inc.
Slide 18-21
布雷顿森林体系和国际货币基金 组织
国际货币基金组织的目的与结构
• 《国际货币基金组织协定》致力于在该体系中融入
充分的灵活性,允许各国在不牺牲国内平衡目标与 保持固定汇率的基础上有秩序有步骤地实现外部平 衡。 • 国际货币基金组织主要有两大功能来促进外部调整 中灵活性的实现:
克鲁格曼国际经济学课后答案
克鲁格曼国际经济学课后答案【篇一:克鲁格曼《国际经济学》(国际金融)习题答案要点】lass=txt>第12章国民收入核算与国际收支1、如问题所述,gnp仅仅包括最终产品和服务的价值是为了避免重复计算的问题。
在国民收入账户中,如果进口的中间品价值从gnp中减去,出口的中间品价值加到gnp中,重复计算的问题将不会发生。
例如:美国分别销售钢材给日本的丰田公司和美国的通用汽车公司。
其中出售给通用公司的钢材,作为中间品其价值不被计算到美国的gnp中。
出售给日本丰田公司的钢材,钢材价值通过丰田公司进入日本的gnp,而最终没有进入美国的国民收入账户。
所以这部分由美国生产要素创造的中间品价值应该从日本的gnp中减去,并加入美国的gnp。
2、(1)等式12-2可以写成ca?(sp?i)?(t?g)。
美国更高的进口壁垒对私人储蓄、投资和政府赤字有比较小或没有影响。
(2)既然强制性的关税和配额对这些变量没有影响,所以贸易壁垒不能减少经常账户赤字。
不同情况对经常账户产生不同的影响。
例如,关税保护能提高被保护行业的投资,从而使经常账户恶化。
(当然,使幼稚产业有一个设备现代化机会的关税保护是合理的。
)同时,当对投资中间品实行关税保护时,由于受保护行业成本的提高可能使该行业投资下降,从而改善经常项目。
一般地,永久性和临时性的关税保护有不同的效果。
这个问题的要点是:政策影响经常账户方式需要进行一般均衡、宏观分析。
3、(1)、购买德国股票反映在美国金融项目的借方。
相应地,当美国人通过他的瑞士银行账户用支票支付时,因为他对瑞士请求权减少,故记入美国金融项目的贷方。
这是美国用一个外国资产交易另外一种外国资产的案例。
(2)、同样,购买德国股票反映在美国金融项目的借方。
当德国销售商将美国支票存入德国银行并且银行将这笔资金贷给德国进口商(此时,记入美国经常项目的贷方)或贷给个人或公司购买美国资产(此时,记入美国金融项目的贷方)。
最后,银行采取的各项行为将导致记入美国国际收支表的贷方。
国际经济学(克鲁格曼)课后习题答案1-8章
第一章练习与答案1.为什么说在决定生产和消费时,相对价格比绝对价格更重要?答案提示:当生产处于生产边界线上,资源则得到了充分利用,这时,要想增加某一产品的生产,必须降低另一产品的生产,也就是说,增加某一产品的生产是有机会机本(或社会成本)的。
生产可能性边界上任何一点都表示生产效率和充分就业得以实现,但究竟选择哪一点,则还要看两个商品的相对价格,即它们在市场上的交换比率。
相对价格等于机会成本时,生产点在生产可能性边界上的位置也就确定了。
所以,在决定生产和消费时,相对价格比绝对价格更重要。
2.仿效图1—6和图1—7,试推导出Y商品的国民供给曲线和国民需求曲线。
答案提示:3.在只有两种商品的情况下,当一个商品达到均衡时,另外一个商品是否也同时达到均衡?试解释原因。
答案提示:4.如果生产可能性边界是一条直线,试确定过剩供给(或需求)曲线。
答案提示:5.如果改用Y商品的过剩供给曲线(B国)和过剩需求曲线(A 国)来确定国际均衡价格,那么所得出的结果与图1—13中的结果是否一致?答案提示:国际均衡价格将依旧处于贸易前两国相对价格的中间某点。
6.说明贸易条件变化如何影响国际贸易利益在两国间的分配。
答案提示:一国出口产品价格的相对上升意味着此国可以用较少的出口换得较多的进口产品,有利于此国贸易利益的获得,不过,出口价格上升将不利于出口数量的增加,有损于出口国的贸易利益;与此类似,出口商品价格的下降有利于出口商品数量的增加,但是这意味着此国用较多的出口换得较少的进口产品。
对于进口国来讲,贸易条件变化对国际贸易利益的影响是相反的。
7.如果国际贸易发生在一个大国和一个小国之间,那么贸易后,国际相对价格更接近于哪一个国家在封闭下的相对价格水平?答案提示:贸易后,国际相对价格将更接近于大国在封闭下的相对价格水平。
8.根据上一题的答案,你认为哪个国家在国际贸易中福利改善程度更为明显些?答案提示:小国。
9*.为什么说两个部门要素使用比例的不同会导致生产可能性边界曲线向外凸?答案提示:第二章答案1.根据下面两个表中的数据,确定(1)贸易前的相对价格;(2)比较优势型态。
国际经济学第八版下册答案
国际经济学第八版下册答案【篇一:克鲁格曼《国际经济学》第八版课后答案(英文)-ch10】>trade policy in developing countries? chapter organizationimport-substituting industrializationthe infant industry argumentpromoting manufacturing through protectionismcase study: mexico abandons import-substituting industrializationresults of favoring manufacturing: problems of import-substituting industrializationtrade liberalization since 1985export-oriented industrialization: the east asian miraclethe facts of asian growthtrade policy in the hpaesindustrial policy in the hpaesbox: india’s boomother factors in growthsummary? chapter overviewthe final two chapters on international trade, chapters 10 and 11, discuss trade policy considerations in the context of specific issues. chapter 10 focuses on the use of trade policyin developing countries and chapter 11 focuses on new controversies in trade policy.while there is great diversity among the developing countries, they share some common policy concerns. these include the development of domestic manufacturing industries, the uneven degree of development within the country, and the desire to foster economic growth and improve living standards. this chapter discusses both the successful and unsuccessful trade policy strategies which have been applied by developing countries in attempts to address these concerns.many developing countries pose the creation of a significant manufacturing sector as a key goal of economic development. one commonly voiced argument for protecting manufacturing industries is the infant industry argument, which states thatdeveloping countries have a potential comparative advantage inmanufacturing and can realize that potential through an initial period of protection. this argument assumes market failure in the form of imperfect capital markets or the existence of externalities in production. such a market failure makes the social return to production higher than the private return. this implies that a firm will not be able to recapture rents or profits that are in line with the contribution to welfare made by the product or industry establishment of the firm. without some government support, the argument goes, the amount of investment which will occur in this industry will be less than socially optimal levels.chapter 10 trade policy in developing countries 43given these arguments, many nations have attempted import-substitution-led industrialization. in the 1950s and 1960s the strategy was quite popular and did lead to a dramatic reduction in imports in some countries. the overall result, though, was not a success. the infant industry argument did not always hold, as protection could let young industries survive, but could not make them efficient. by the late 1980s, most countries had shifted away from the strategy, and the chapter includes a case study of mexico’s change from import substitution to a more open strategy.since 1985 many developing countries had abandoned import substitution and pursued (sometimesaggressively) trade liberalization. the chapter notes two sides of the experience. on the one hand, trade has gone up considerably and changed in character. developing countries export far more of the gdpthan prior to liberalization, and more of it is in manufacturing as opposed to agricultural or mining sectors. at the same time, the growth experience of these countries has not been universally good and it is difficult to tell if the success stories are due to trade or due to reforms that came at the same time as liberalization. the east asian “miracle” of the high-performing asian economies (hpaes) provides a striking andcontroversial example of export-oriented industrialization. while these countries encountered difficulties in the late 1990s (see chapter 22), this chapter focuses on their spectaculargrowth from the 1960s to 1990s. it is acknowledged that the growth was extremely impressive; the controversy is over the source of the success in these countries. some observers argue that although these countries do not practice free trade, they have lower rates of protection (and more outward orientation) than other developing countries. other observers argue that the interventionist industrial policies pursued by the hpaes have been the reason for success, and outward orientation is just a by-product of active rather than passive government involvement in industry. still others argue that high rates of domestic savings and rapid improvements in education are behind the stunning growth performance.? answers to textbook problems1. the countries that seem to benefit most from international trade include many of the countries of thepacific rim, south korea, taiwan, singapore, hong kong, malaysia, indonesia, and others. though the experience of each country is somewhat different, most of these countries employed some kind of infant industry protection during the beginning phases of their development, but then withdrew protection relatively quickly after industries became competitive on world markets. concerningwhether their experiences lend support to the infant industry argument or argues against it is still a matter of controversy. however, it appears that it would have been difficult for these countries to engage in export-led growth without some kind of initial government intervention.the japanese example gives pause to those who believe that protectionism is always disastrous.however, the fact of japanese success does not demonstrate that protectionist trade policy wasresponsible for that success. japan was an exceptional society that had emerged into the ranks of advanced nations before world war ii and was recovering from wartime devastation. it is arguable that economic success would have come anyway, so that the apparent success of protection represents a “pseudo-infant-industry” case of the kind discussed in the text.a. the initial high costs of production would justify infant industry protection if the costs to thesociety during the period of protection were less than the future stream of benefits from a mature, low cost industry.b. an individual firm does not have an incentive to bear development costs itself for an entireindustry when these benefits will accrue to other firms. thereis a stronger case for infantindustry protection in this instance because of the existenceof market failure in the form of theappropriability of technology. 2. 3.44 krugman/obstfeld ? international economics: theory and policy, eighth edition4. india ceased being a colony of britain in 1948, thus its dramatic break from all imports in favor ofmexico (as opposed to recently deposed colonial firms in india) may have helped keep mexico open to importing capital goods necessary in the manufacturing process.in some countries the infant industry argument simply did not appear to work well. such protection will not create a competitive manufacturing sector if there are basic reasonswhy a country does not have a competitive advantage in a particular area. this was particularly the case in manufacturing where many low-income countries lack skilled labor, entrepreneurs, and the level of managerialacumen necessary to be competitive in world markets. the argument is that trade policy alone cannot rectify these problems. often manufacturing was also created on such a small-scale that it made the industries noncompetitive, where economies of scale are critical to being a low-cost producer.moreover protectionist policies in less-developed countries have had a negative impact on incentives, which has led to “rent-seeking” or corruption.question 6 involves assessing the impact of dual labor markets. the topic is not covered extensively in the current edition of the book and instructors may not want to assign the question unless they bring additional material into the classroom to augment the text.a. we know that the wages should be equivalent, so, given that80 – la ? wa, we can substitute wm for wa, and recall that wm ? 100 – lm. combined with the information that la ? lm ? 100, we getl*a?40 and the equilibrium wage ? 40.b. since wm ? 50, lm ? 50 and thus la ? 50 and wm ? 30, we have a net loss of (0.5)(10)(20) ? 100 in national income. 5. 6.【篇二:国际经济学(克鲁格曼)课后习题答案1-8章】1.为什么说在决定生产和消费时,相对价格比绝对价格更重要?答案提示:当生产处于生产边界线上,资源则得到了充分利用,这时,要想增加某一产品的生产,必须降低另一产品的生产,也就是说,增加某一产品的生产是有机会机本(或社会成本)的。
克鲁格曼《国际经济学》(第8版)课后习题详解
克鲁格曼《国际经济学》(第8版)课后习题详解克鲁格曼《国际经济学》(第8版)课后习题详解第1章绪论本章不是考试的重点章节,建议读者对本章内容只作大致了解即可,本章没有相关的课后习题。
第1篇国际贸易理论第2章世界贸易概览一、概念题1>(发展中国家(developing countries)答:发展中国家是与发达国家相对的经济上比较落后的国家,又称“欠发达国家”或“落后国家”。
通常指第三世界国家,包括亚洲、非洲、拉丁美洲及其他地区的130多个国家。
衡量一国是否为发展中国家的具体标准有很多种,如经济学家刘易斯和世界银行均提出过界定发展中国家的标准。
一般而言,凡人均收入低于美国人均收入的五分之一的国家就被定义为发展中国家。
比较贫困和落后是发展中国家的共同特点。
2>(服务外包(service outsourcing)答:服务外包是指企业将其非核心的业务外包出去,利用外部最优秀的专业化团队来承接其业务,从而使其专注于核心业务,达到降低成本、提高效率、增强企业核心竞争力和对环境应变能力的一种管理模式。
20世纪90年代以来,随着信息技术的迅速发展,特别是互联网的普遍存在及广泛应用,服务外包得到蓬勃发展。
从美国到英国,从欧洲到亚洲,无论是中小企业还是跨国公司,都把自己有限的资源集中于公司的核心能力上而将其余业务交给外部专业公司,服务外包成为“发达经济中不断成长的现象”。
3>(引力模型(gravity model)答:丁伯根和波伊赫能的引力模型基本表达式为:其中,是国与国的贸易额,为常量,是国的国内生产总值,是国的国内生产总值,是两国的距离。
、、三个参数是用来拟合实际的经济数据。
引力模型方程式表明:其他条件不变的情况下,两国间的贸易规模与两国的GDP成正比,与两国间的距离成反比。
把整个世界贸易看成整体,可利用引力模型来预测任意两国之间的贸易规模。
另外,引力模型也可以用来明确国际贸易中的异常现象。
4>(第三世界(third world)答:第三世界这个名词原本是指法国大革命中的Third Estate(第三阶级)。
克鲁格曼《国际经济学》第八版课后答案
Chapter 18The International Monetary System, 1870–1973?Chapter OrganizationMacroeconomic Policy Goals in an Open EconomyInternal Balance: Full Employment and Price-Level StabilityExternal Balance: The Optimal Level of the Current Account International Macroeconomic Policy under the Gold Standard, 1870–1914 Origins of the Gold StandardExternal Balance under the Gold StandardThe Price-Specie-Flow MechanismThe Gold Standard “Rules of the Game”: Myth and RealityBox: Hume v. the MercantilistsInternal Balance under the Gold StandardCase Study: The Political Economy of Exchange Rate Regimes:Conflict over America’s Monetary Standard During the 1890s The Interwar Years, 1918–1939The Fleeting Return to GoldInternational Economic DisintegrationCase Study: The International Gold Standard and the Great Depression The Bretton Woods System and the International Monetary Fund Goals and Structure of the IMFConvertibility and the Expansion of Private Capital FlowsSpeculative Capital Flows and CrisesAnalyzing Policy Options under the Bretton Woods SystemMaintaining Internal BalanceMaintaining External BalanceExpenditure-Changing and Expenditure-Switching PoliciesThe External-Balance Problem of the United StatesCase Study: The Decline and Fall of the Bretton Woods SystemWorldwide Inflation and the Transition to Floating Rates Summary?Chapter OverviewThis is the first of five international monetary policy chapters. These chapters complement the preceding theory chapters in several ways. They provide the historical and institutional background students require to place their theoretical knowledge in a useful context. The chapters also allow students, through study of historical and current events, to sharpen their grasp of the theoretical models and to develop the intuition those models can provide. (Application of the theory to events of current interest will hopefully motivate students to return to earlier chapters and master points that may have been missed on the first pass.)Chapter 18 chronicles the evolution of the international monetary system from the gold standard of1870–1914, through the interwar years, and up to and including the post-World War II Bretton Woods regime that ended in March 1973. The central focus of the chapter is the manner in which each system addressed, or failed to address, the requirements of internal and external balance for its participants.A country is in internal balance when its resources are fully employed and there is price level stability. External balance implies an optimal time path of the current account subject to its being balanced over the long run. Other factors have been important in the definition of external balance at various times, and these are discussed in the text. The basic definition of external balance as an appropriate current-account level, however, seems to capture a goal that most policy-makers share regardless of the particular circumstances.The price-specie-flow mechanism described by David Hume shows how the gold standard could ensure convergence to external balance. You may want to present the following model of the price-specie-flow mechanism. This model is based upon three equations: 1. The balance sheet of the central bank. At the most simple level, this is justgold holdings equals the money supply: G ? M.2. The quantity theory. With velocity and output assumed constant and bothnormalized to 1, this yields the simple equation M ? P.3. A balance of payments equation where the current account is a function of thereal exchange rate and there are no private capital flows: CA ? f(E ? P*/P)These equations can be combined in a figure like the one below. The 45? line represents the quantity theory, and the vertical line is the price level where the real exchange rate results in a balanced current account. The economy moves along the 45? line back towards the equilibrium Point 0 whenever it is out of equilibrium. For example, the loss of four-fifths of a country’s gold would put that country at Point a with lower prices and a lower money supply. The resulting real exchange rate depreciation causes a current account surplus which restores money balances as the country proceeds up the 45? line froma to 0.FigureThe automatic adjustment process described by the price-specie-flow mechanism is expedited by following “rules of the game” under which governments contract the domestic source components oftheir monetary bases when gold reserves are falling (corresponding to a current-account deficit) and expand when gold reserves are rising (the surplus case).In practice, there was little incentive for countries with expanding gold reserves to follow the “rules of the game.” This increased the contractionary burden shouldered by countries with persistent current account deficits. The gold standard also subjugated internal balance to the demands of external balance. Research suggests price-level stability and high employment were attained less consistently under the gold standard than in the post-1945 period.The interwar years were marked by severe economic instability. The monetization of war debt and of reparation payments led to episodes of hyperinflation in Europe. Anill-fated attempt to return to thepre-war gold parity for the pound led to stagnation in Britain. Competitive devaluations and protectionism were pursued in a futile effort to stimulate domestic economic growth during the Great Depression.These beggar-thy-neighbor policies provoked foreign retaliation and led to the disintegration of the world economy. As one of the case studies shows, strict adherence to the Gold Standard appears to have hurt many countries during the Great Depression.Determined to avoid repeating the mistakes of the interwar years, Allied economic policy-makers metat Bretton Woods in 1944 to forge a new international monetary system for the postwar world. The exchange-rate regime that emerged from this conference had at its center the . dollar. All other currencies had fixed exchange rates against the dollar, which itself had a fixed value in terms of gold.An International Monetary Fund was set up to oversee the system and facilitate its functioning by lending to countries with temporary balance of payments problems.A formal discussion of internal and external balance introduces the concepts of expenditure-switching and expenditure-changing policies. The Bretton Woods system, with its emphasis on infrequent adjustmentof fixed parities, restricted the use of expenditure-switching policies. Increases in U.S. monetary growth to finance fiscal expenditures after the mid-1960s led to a loss of confidence in the dollar and the termination of the dollar’s convertibility into gold. The analysis presented in the text demonstrateshow the Bretton Woods system forced countries to “import” inflation from the United States and shows that the breakdown of the system occurred when countries were no longer willing to accept this burden.?Answers to Textbook Problems1. a. Since it takes considerable investment to develop uranium mines, you wouldwant a larger current account deficit to allow your country to finance some of the investment with foreign savings.b. A permanent increase in the world price of copper would cause a short-termcurrent account deficit if the price rise leads you to invest more in coppermining. If there are no investment effects, you would not change yourexternal balance target because it would be optimal simply to spend youradditional income.c. A temporary increase in the world price of copper would cause a currentaccount surplus. You would want to smooth out your country’s consumption bysaving some of its temporarily higher income.d. A temporary rise in the world price of oil would cause a current accountdeficit if you were an importer of oil, but a surplus if you were an exporter of oil.2. Because the marginal propensity to consume out of income is less than 1, atransfer of income from B to A increases savings in A and decreases savings in B.Therefore, A has a current account surplus and B has a corresponding deficit.This corresponds to a balance of payments disequilibrium in Hume’s world, which must be financed by gold flows from B to A. These gold flows increase A’s money supply and decrease B’s money supply, pushing up prices in A and depressingprices in B. These price changes cease once balance of payments equilibrium has been restored.3. Changes in parities reflected both initial misalignments and balance of paymentscrises. Attempts to return to the parities of the prewar period after the war ignored the changes in underlying economic fundamentals that the war caused. This made some exchange rates less than fully credible and encouraged balance ofpayments crises. Central bank commitments to the gold parities were also less than credible after the wartime suspension of the gold standard, and as a result of the increasing concern of governments with internal economic conditions.4. A monetary contraction, under the gold standard, will lead to an increase in thegold holdings of the contracting country’s central bank if other countries do not pursue a similar policy. All countries cannot succeed in doing thissimultaneously since the total stock of gold reserves is fixed in the short run.Under a reserve currency system, however, a monetary contraction causes anincipient rise in the domestic interest rate, which attracts foreign capital. The central bank must accommodate the inflow of foreign capital to preserve theexchange rate parity. There is thus an increase in the central bank’s holdings of foreign reserves equal to the fall in its holdings of domestic assets. There is no obstacle to a simultaneous increase in reserves by all central banksbecause central banks acquire more claims on the reserve currency country while their citizens end up with correspondingly greater liabilities.5. The increase in domestic prices makes home exports less attractive and causes acurrent account deficit. This diminishes the money supply and causescontractionary pressures in the economywhich serve to mitigate and ultimately reverse wage demands and price increases.6. A “demand determined” increase in dollar reserve holdings would not affect theworld supply of money as central banks merely attempt to trade their holdings of domestic assets for dollar rese rves. A “supply determined” increase in reserve holdings, however, would result from expansionary monetary policy in the United States (the reserve center). At least at the end of the Bretton Woods era the increase in world dollar reserves arose in part because of an expansionarymonetary policyin the United States rather than a desire by other central banks to increasetheir holdings of dollar assets. Only the “supply determined” increase indollar reserves is relevant for analyzing the relationship between world holdings of dollar reserves by central banks and inflation.7. An increase in the world interest rate leads to a fall in a central bank’sholdings of foreign reserves as domestic residents trade in their cash forforeign bonds. This leads to a d ecline in the home country’s money supply. The central bank of a “small” country cannot offset these effects sinceit cannot alter the world interest rate. An attempt to sterilize the reserve loss through open market purchases would fail unless bonds are imperfect substitutes.8. Capital account restrictions insulate the domestic interest rate from the worldinterest rate. Monetary policy, as well as fiscal policy, can be used to achieve internal balance. Because there are no offsetting capital flows, monetary policy, as well as fiscal policy, can be used to achieve internal balance. The costs of capital controls include the inefficiency which is introduced when the domestic interest rate differs from the world rate and the high costs of enforcing the controls.9. Yes, it does seem that the external balance problem of a deficit country is moresevere. While the macroeconomic imbalance may be equally problematic in the long run regardless of whether it is a deficit or surplus, large external deficits involve the risk that the market will fix the problem quickly by ceasing to fund the external deficit. In this case, there may have to be rapid adjustment that could be disruptive. Surplus countries are rarely forced into rapid adjustments, making the problems less risky.10. An inflow attack is different from capital flight, but many parallels exist. Inan “outflow” attack, speculators sell the home currency and drain the central bank of its foreign assets. The central bank could always defend if it so chooses (they can raise interest rates to improbably high levels), but if it is unwilling to cripple the economy with tight monetary policy, it must relent. An “inflow”attack is similar in that the central bank can always maintain the peg, it is just that the consequences of doing so may be more unpalatable than breaking the peg. If money flows in, the central bank must buy foreign assets to keep thecurrency from appreciating. If the central bank cannot sterilize all the inflows (eventually they may run out of domestic assets to sell to sterilize thetransactions where they are buying foreign assets), it will have to either let the currency appreciate or let the money supply rise. If it is unwilling to allow and increase in inflation due to a rising money supply, breaking the peg may be preferable.11. a. We know that China has a very large current account surplus, placing them highabove the XX line. They also have moderate inflationary pressures (describedas “gathering” in the question, implying they are not yet very strong). This suggests that China is above the II line, but not too far above it. It wouldbe placed in Zone 1 (see below).b. China needs to appreciate the exchange rate to move down on the graph towardsbalance. (Shown on the graph with the dashed line down)c. China would need to expand government spending to move to the right and hitthe overall balance point. Such a policy would help cushion the negativeaggregate demand pressurethat the appreciation might generate.。
克鲁格曼国经第十版课后习题
Q 400 苹果的相对产量, Qa + Q*a
800
Qb + Q*b
2 特定要素 与
收入分配
问题一:题目 描述
一个国家用劳动和资本生产产品1,用劳动和土 地生产产品2,总劳动供给量是100个单位.在 资本供给量给定时,两种产品随劳动投入产出的 变化和边际生产量的变化如下表所示:
投入产 产品1 产品2 部门1
40 57.7 69.3 0.87 8.70 0.69 13.8 8.97
50 66.0 75.8 0.78 7.80 0.6 12 7.8
60 73.6 81.5 0.74 7.40 0.54 10.8 7.02
70 80.7 86.7 0.69 6.90 0.5 10 6.5
80 87.4 91.4 0.66 6.60 0.46 9 5.98
解答 2
世界相对供给和相对需求
苹果的相对价格Pa, / Pb
a*La/a*Lb =5
RS
aLa/aLb =3/2
(1/2,,2) RD
横轴:苹果数量/香蕉数量,即 Qaw/Qbw;纵轴:苹果的相对 价格,即Pa/Pb
供给曲线:起点从纵轴3/2处水 平向右到横轴400/800(该点为 本国专业化生产苹果,外国专 业化生产香蕉的相对产量,即 本国在苹果价格为3/2下苹果的 最大生产量),然后垂直向上 到纵轴为5处水平一直向右
2.假定世界相对需求的表示为:对苹果的需求/对香蕉的需求 =香蕉价格/苹果价格 ① 画出世界的相对供给曲线和相对需求曲线。 ② 苹果的世界均衡相对价格是多少? ③ 描述本题的贸易模式。 ④ 说明本国和外国都可以从贸易中获利。
3. 假设本国有2400名工人,画出世界相对供给曲线,并确
克鲁格曼国际经济学答案
Chapter 61.For each of the following examples, explain whether this is a case of external or internaleconomies of scale:a.Most musical wind instruments in the United States are produced by more than adozen factories in Elkhart, Indiana.b.All Hondas sold in the United States are either imported or produced in Marysville,Ohio.c.All airframes for Airbus, Europe’s only producer of large aircraft, are assembled inT oulouse, France.d.Hartford, Connecticut is the insurance capital of the northeastern United States.External economies of scale: Cases a and d. The productions of these two industries concentrate in a few locations and successfully reduce each industry's costs even when the scale of operation of individual firms remains small. External economies need not lead to imperfect competition. The benefits of geographical concentration may include a greater variety of specialized services to support industry operations and larger labor markets or thicker input markets.Internal economies of scale: Cases b and c. Both of them occur at the level of the individual firm. The larger the output of a product by a particular firm, the lower its average costs. This leads to imperfect competition as in petrochemicals, aircraft, and autos.2.In perfect competition, firm set price equal to marginal cost. Why isn’t this possiblewhen there are internal economies of scale?Unlike the case of perfectly competitive markets, under monopoly marginal revenue is not equal to price. The profit maximizing output level of a monopolist occurs where marginal revenue equals marginal cost. Marginal revenue is always less than price under imperfectly competitive markets because to sell an extra unit of output the firm must lower the price of all units, not just the marginal one.3.It is often argued that the existence of increasing returns is a source of conflict betweencountries, since each country is better off if it can increase its production in those industries characterized by economies of scale. Evaluate this view in terms of both the monopolistic competition and the external economy models.Both internal economies of scale (which may lead to monopolistic competition) and external economies of scale could lead to increasing returns.By concentrating the production of each good with economies of scale in one country rather than spreading the production over several countries, the world economy will use the same amount of labor to produce more output.In the monopolistic competition model, the concentration of labor benefits the host country.The host country can capture some monopoly rents. But the rest of the world may hurt and have to face higher prices on its consumption goods.In the external economies case, such monopolistic pricing behavior is less likely since imperfectly competitive markets are less likely.4.Suppose the two countries we considered in the numerical example on pages 132-135were to integrate their automobile marker with a third country with an annual market for 3.75 million automobiles. Find the number of firms, the output per firm, and theprice per automobile in the new integrated market after trade.15.8n X 1c P c AC 2=⇒==−−→−+=+==n S Fb S n bn X F AC PHowever, since you will never see 0.8 firms, there will be 15 firms that enter the market, not16 firms since the last firm knows that it can not make positive profits. The rest of the solution is straight-forward. Using X=S/n, output per firm is 41,666 units. Using the price equation, and the fact that c=5,000, yields an equilibrium price of $7,000.5. Evaluate the relative importance of economies of scale and comparative advantage incausing the following:a. Most of the world ’s aluminum is smelted in Norway or Canada.b. Half of the world ’s large jet aircraft are assembled in Seattle.c. Most semiconductors are manufactured in either the United States or Japan.d. Most Scotch whiskey comes from Scotland.e. Much of the world ’s best wine comes from France.a. The relatively few locations for production suggest external economies of scale in production. If these operations are large, there may also be large internal economies of scale in production.b. Since economies of scale are significant in airplane production, it tends to be done by a small number of (imperfectly competitive) firms at a limited number of locations. One such location is Seattle, where Boeing produces.c. Since external economies of scale are significant in semiconductor production,semiconductor industries tend to be concentrated in certain geographic locations. If, for some historical reason, a semiconductor is established in a specific location, the export of semiconductors by that country is due to economies of scale and not comparative advantage.d. "True" scotch whiskey can only come from Scotland. The production of scotch whiskeyrequires a technique known to skilled distillers who are concentrated in the region. Also, soil and climactic conditions are favorable for grains used in local scotch production. This reflects comparative advantage.e. France has a particular blend of climactic conditions and land that is difficult to reproduce elsewhere. This generates a comparative advantage in wine production.6. There are some shops in Japan that sell Japanese goods imported back from the UnitedStates at a discount over the prices charged by other Japanese shops. How is this possible?The Japanese producers employ price discrimination across United States and Japanesemarkets, so that the goods sold in the United States are much cheaper than those sold in Japan. It may be profitable for other Japanese to purchase these goods in the United States, incur any tariffs and transportation costs, and resell the goods in Japan. Clearly, the price differential across markets may lead to such profitable chance.7. Consider a situation similar to that in Figure 6-9, in which two countries that canproduce a good are subject to forward-falling supply curves. In this case, however, suppose that the two countries have the same costs, so that their supply curves are identical.a. What would you expect to be the pattern of international specialization and trade?What would determine who produces the good?Suppose two countries that can produce a good are subject to forward-falling supply curves and are identical countries with identical curves. If one country starts out as a producer of a good, i.e. it has a head start even as a matter of historical accident, then all production will occur in that particular country and it will export to the rest of the world. b. What are the benefits of international trade in this case? Do they accrue only to thecountry that gets the industry?Consumers in both countries will pay a lower price for this good when externaleconomies are maximized through trade and all production is located in a single market. In the present example, no single country has a natural cost advantage or is worse off than it would be under autarky.8. It is fairly common for an industrial cluster to break up and for production to move tolocations with lower wages when the technology of the industry is no longer rapidly improving —when it is no longer essential to have the absolutely most modern machinery, when the need for highly skilled workers has declined, and when being at the cutting edge of innovation conveys only a small advantage. Ex plain this tendency of industrial clusters to break up in terms of the theory of external economies.External economies are important for firms as technology changes rapidly and as the“cutting edge” moves quickly with frequent innovations. As this pr ocess slows, manufacturing becomes more normal and standard and there is less advantage brought by external economies. Instead, firms look for low cost production locations. Since external economies are no longer important, firms find little advantage in being clustered and it is likely that low-wage locations will be chosen.chapter 81. The import demand equation, MD , is found by subtracting the home supply equation from the home demand equation. This results in MD = 80 - 40 x P . Without trade, domestic prices Q P,CD AC AC External Economics and Specializationand quantities adjust such that import demand is zero. Thus, the price in the absence of trade is 2.2. a. Foreign's export supply curve, XS , is XS = -40 + 40 x P . In the absence of trade, the price is 1.b. When trade occurs export supply is equal to import demand, XS = MD . Thus, using theequations from problems 1 and 2a, P = 1.50, and the volume of trade is 20.3. a. The new MD curve is 80 - 40 x (P+t) where t is the specific tariff rate, equal to 0.5. (Note: in solving these problems you should be careful about whether a specific tariff or ad valorem tariff is imposed. With an ad valorem tariff, the MD equation would be expressed as MD =80-40 x (1+t)P). The equation for the export supply curve by the foreign country is unchanged. Solving, we find that the world price is $1.25, and thus the internal price at home is $1.75. The volume of trade has been reduced to 10, and the total demand for wheat at home has fallen to 65 (from the free trade level of 70). The total demand for wheat in Foreign has gone up from 50 to 55.b. andc. The welfare of the home country is best studied using the combined numerical andgraphical solutions presented below in Figure 8-1.P T =1.7550556070QuantityPrice P W =1.50P T*=1.25where the areas in the figure are:a: 55(1.75-1.50) -.5(55-50)(1.75-1.50)=13.125b: .5(55-50)(1.75-1.50)=0.625c: (65-55)(1.75-1.50)=2.50d: .5(70-65)(1.75-1.50)=0.625e: (65-55)(1.50-1.25)=2.50Consumer surplus change: -(a+b+c+d)=-16.875. Producer surplus change: a=13.125. Government revenue change: c+e=5. Efficiency losses b+d are exceeded by terms of trade gain e. [Note: in the calculations for the a, b, and d areas a figure of .5 shows up. This is because we are measuring the area of a triangle, which is one-half of the area of the rectangle defined by the product of the horizontal and vertical sides.]4. Using the same solution methodology as in problem 3, when the home country is very small relative to the foreign country, its effects on the terms of trade are expected to be much less. The small country is much more likely to be hurt by its imposition of a tariff. Indeed, this intuition is shown in this problem. The free trade equilibrium is now at the price $1.09 and the trade volume is now $36.40.With the imposition of a tariff of 0.5 by Home, the new world price is $1.045, the internal homeprice is $1.545, home demand is 69.10 units, home supply is 50.90 and the volume of trade is 18.20. When Home is relatively small, the effect of a tariff on world price is smaller than when Home is relatively large. When Foreign and Home were closer in size, a tariff of .5 by home lowered world price by 25 percent, whereas in this case the same tariff lowers world price by about 5 percent. The internal Home price is now closer to the free trade price plus t than when Home was relatively large. In this case, the government revenues from the tariff equal 9.10, the consumer surplus loss is 33.51, and the producer surplus gain is 21.089. The distortionary losses associated with the tariff (areas b+d) sum to 4.14 and the terms of trade gain (e) is 0.819. Clearly, in this small country example the distortionary losses from the tariff swamp the terms of trade gains. The general lesson is the smaller the economy, the larger the losses from a tariff since the terms of trade gains are smaller.5. The effective rate of protection takes into consideration the costs of imported intermediate goods. In this example, half of the cost of an aircraft represents components purchased from other countries. Without the subsidy the aircraft would cost $60 million. The European value added to the aircraft is $30 million. The subsidy cuts the cost of the value added to purchasers of the airplane to $20 million. Thus, the effective rate of protection is (30 - 20)/20 = 50%.6. We first use the foreign export supply and domestic import demand curves to determine the new world price. The foreign supply of exports curve, with a foreign subsidy of 50 percent per unit, becomes XS = -40 + 40(1+0.5) x P. The equilibrium world price is 1.2 and the internal foreign price is 1.8. The volume of trade is 32. The foreign demand and supply curves are used to determine the costs and benefits of the subsidy. Construct a diagram similar to that in the text and calculate the area of the various polygons. The government must provide (1.8 - 1.2) x 32 = 19.2 units of output to support the subsidy. Foreign producers surplus rises due to the subsidy by the amount of 15.3 units of output. Foreign consumers surplus falls due to the higher price by7.5 units of the good. Thus, the net loss to Foreign due to the subsidy is 7.5 + 19.2 - 15.3 = 11.4 units of output. Home consumers and producers face an internal price of 1.2 as a result of the subsidy. Home consumers surplus rises by 70 x .3 + .5 (6x.3) = 21.9 while Home producers surplus falls by 44 x .3 + .5(6 x .3) = 14.1, for a net gain of 7.8 units of output.7. At a price of $10 per bag of peanuts, Acirema imports 200 bags of peanuts. A quota limiting the import of peanuts to 50 bags has the following effects:a. The price of peanuts rises to $20 per bag.b. The quota rents are ($20 - $10) x 50 = $500.c. The consumption distortion loss is .5 x 100 bags x $10 per bag = $500.d. The production distortion loss is .5 x50 bags x$10 per bag = $250.。
克鲁格曼《国际经济学》(第8版)课后习题详解-第二章至第八章【圣才出品】
第1篇国际贸易理论第2章世界贸易概览一、概念题1.发展中国家(developing countries)答:发展中国家是与发达国家相对的经济上比较落后的国家,又称“欠发达国家”或“落后国家”。
通常指第三世界国家,包括亚洲、非洲、拉丁美洲及其他地区的130多个国家。
衡量一国是否为发展中国家的具体标准有很多种,如经济学家刘易斯和世界银行均提出过界定发展中国家的标准。
一般而言,凡人均收入低于美国人均收入的五分之一的国家就被定义为发展中国家。
比较贫困和落后是发展中国家的共同特点。
2.服务外包(service outsourcing)答:服务外包是指企业将其非核心的业务外包出去,利用外部最优秀的专业化团队来承接其业务,从而使其专注于核心业务,达到降低成本、提高效率、增强企业核心竞争力和对环境应变能力的一种管理模式。
20世纪90年代以来,随着信息技术的迅速发展,特别是互联网的普遍存在及广泛应用,服务外包得到蓬勃发展。
从美国到英国,从欧洲到亚洲,无论是中小企业还是跨国公司,都把自己有限的资源集中于公司的核心能力上而将其余业务交给外部专业公司,服务外包成为“发达经济中不断成长的现象”。
3.引力模型(gravity model)答:丁伯根和波伊赫能的引力模型基本表达式为:其中,T是i国与j国的贸易额,A为常量,i Y是i国的国内生产总值,j Y是j国的国ij内生产总值,D是两国的距离。
a、b、c三个参数是用来拟合实际的经济数据。
引力模型ij方程式表明:其他条件不变的情况下,两国间的贸易规模与两国的GDP成正比,与两国间的距离成反比。
把整个世界贸易看成整体,可利用引力模型来预测任意两国之间的贸易规模。
另外,引力模型也可以用来明确国际贸易中的异常现象。
4.第三世界(third world)答:第三世界这个名词原本是指法国大革命中的Third Estate(第三阶级)。
冷战时期,一些经济发展比较落后的国家为表示并不靠拢北约或华约任何一方,用“第三世界”一词界定自己。
(完整版)克鲁格曼国际经济学答案
Chapter 61.For each of the following examples, explain whether this is a case of external or internaleconomies of scale:a.Most musical wind instruments in the United States are produced by more than adozen factories in Elkhart, Indiana.b.All Hondas sold in the United States are either imported or produced in Marysville,Ohio.c.All airframes for Airbus, Europe’s only producer of large aircraft, are assembled inToulouse, France.d.Hartford, Connecticut is the insurance capital of the northeastern United States.External economies of scale: Cases a and d. The productions of these two industries concentrate in a few locations and successfully reduce each industry's costs even when the scale of operation of individual firms remains small. External economies need not lead to imperfect competition. The benefits of geographical concentration may include a greater variety of specialized services to support industry operations and larger labor markets or thicker input markets.Internal economies of scale: Cases b and c. Both of them occur at the level of the individual firm. The larger the output of a product by a particular firm, the lower its average costs. This leads to imperfect competition as in petrochemicals, aircraft, and autos.2.In perfect competition, firm set price equal to marginal cost. Why isn’t this possiblewhen there are internal economies of scale?Unlike the case of perfectly competitive markets, under monopoly marginal revenue is not equal to price. The profit maximizing output level of a monopolist occurs where marginal revenue equals marginal cost. Marginal revenue is always less than price under imperfectly competitive markets because to sell an extra unit of output the firm must lower the price of all units, not just the marginal one.3.It is often argued that the existence of increasing returns is a source of conflict betweencountries, since each country is better off if it can increase its production in those industries characterized by economies of scale. Evaluate this view in terms of both the monopolistic competition and the external economy models.Both internal economies of scale (which may lead to monopolistic competition) and external economies of scale could lead to increasing returns.By concentrating the production of each good with economies of scale in one country rather than spreading the production over several countries, the world economy will use the same amount of labor to produce more output.In the monopolistic competition model, the concentration of labor benefits the host country.The host country can capture some monopoly rents. But the rest of the world may hurt and have to face higher prices on its consumption goods.In the external economies case, such monopolistic pricing behavior is less likely since imperfectly competitive markets are less likely.4.Suppose the two countries we considered in the numerical example on pages 132-135were to integrate their automobile marker with a third country with an annual market for 3.75 million automobiles. Find the number of firms, the output per firm, and theprice per automobile in the new integrated market after trade.15.8n X 1c P c AC 2=⇒==−−→−+=+==nS Fb S n bn X F AC P However, since you will never see 0.8 firms, there will be 15 firms that enter the market, not16 firms since the last firm knows that it can not make positive profits. The rest of the solution is straight-forward. Using X=S/n, output per firm is 41,666 units. Using the price equation, and the fact that c=5,000, yields an equilibrium price of $7,000.5.Evaluate the relative importance of economies of scale and comparative advantage incausing the following:a.Most of the world’s aluminum is smelted in Norway or Canada.b.Half of the world’s large jet aircraft are assembled in Seattle.c.Most semiconductors are manufactured in either the United States or Japan.d.Most Scotch whiskey comes from Scotland.e.Much of the world’s best wine comes from France.a. The relatively few locations for production suggest external economies of scale in production. If these operations are large, there may also be large internal economies of scale in production.b. Since economies of scale are significant in airplane production, it tends to be done by a small number of (imperfectly competitive) firms at a limited number of locations. One such location is Seattle, where Boeing produces.c. Since external economies of scale are significant in semiconductor production, semiconductor industries tend to be concentrated in certain geographic locations. If, for some historical reason, a semiconductor is established in a specific location, the export of semiconductors by that country is due to economies of scale and not comparative advantage.d. "True" scotch whiskey can only come from Scotland. The production of scotch whiskey requires a technique known to skilled distillers who are concentrated in the region. Also, soil and climactic conditions are favorable for grains used in local scotch production. This reflects comparative advantage.e. France has a particular blend of climactic conditions and land that is difficult to reproduce elsewhere. This generates a comparative advantage in wine production.6.There are some shops in Japan that sell Japanese goods imported back from the UnitedStates at a discount over the prices charged by other Japanese shops. How is this possible?The Japanese producers employ price discrimination across United States and Japanesemarkets, so that the goods sold in the United States are much cheaper than those sold in Japan. It may be profitable for other Japanese to purchase these goods in the United States, incur any tariffs and transportation costs, and resell the goods in Japan. Clearly, the price differential across markets may lead to such profitable chance.7.Consider a situation similar to that in Figure 6-9, in which two countries that canproduce a good are subject to forward-falling supply curves. In this case, however, suppose that the two countries have the same costs, so that their supply curves are identical.a.What would you expect to be the pattern of international specialization and trade?What would determine who produces the good?QP,CD AC AC External Economics and SpecializationSuppose two countries that can produce a good are subject to forward-falling supply curves and are identical countries with identical curves. If one country starts out as a producer of a good, i.e. it has a head start even as a matter of historical accident, then all production will occur in that particular country and it will export to the rest of the world.b.What are the benefits of international trade in this case? Do they accrue only to thecountry that gets the industry?Consumers in both countries will pay a lower price for this good when externaleconomies are maximized through trade and all production is located in a single market. In the present example, no single country has a natural cost advantage or is worse off than it would be under autarky.8.It is fairly common for an industrial cluster to break up and for production to move tolocations with lower wages when the technology of the industry is no longer rapidly improving—when it is no longer essential to have the absolutely most modern machinery, when the need for highly skilled workers has declined, and when being at the cutting edge of innovation conveys only a small advantage. Explain this tendency of industrial clusters to break up in terms of the theory of external economies.External economies are important for firms as technology changes rapidly and as the“cutting edge” moves quickly with frequent innovations. As this process slows, manufacturing becomes more normal and standard and there is less advantage brought by external economies. Instead, firms look for low cost production locations. Since external economies are no longer important, firms find little advantage in being clustered and it is likely that low-wage locations will be chosen.chapter 81.The import demand equation, MD , is found by subtracting the home supply equation from the home demand equation. This results in MD = 80 - 40 x P. Without trade, domestic pricesand quantities adjust such that import demand is zero. Thus, the price in the absence of trade is 2.2.a.Foreign's export supply curve, XS , is XS = -40 + 40 x P. In the absence of trade, the price is 1.b.When trade occurs export supply is equal to import demand, XS = MD . Thus, using theequations from problems 1 and 2a, P = 1.50, and the volume of trade is 20.3.a.The new MD curve is 80 - 40 x (P+t) where t is the specific tariff rate, equal to 0.5. (Note: in solving these problems you should be careful about whether a specific tariff or ad valorem tariff is imposed. With an ad valorem tariff, the MD equation would be expressed as MD =80-40 x (1+t)P). The equation for the export supply curve by the foreign country is unchanged. Solving, we find that the world price is $1.25, and thus the internal price at home is $1.75. The volume of trade has been reduced to 10, and the total demand for wheat at home has fallen to 65 (from the free trade level of 70). The total demand for wheat in Foreign has gone up from 50 to 55.b.andc. The welfare of the home country is best studied using the combined numerical andgraphical solutions presented below in Figure 8-1.P T =1.7550556070QuantityPrice P W =1.50P T*=1.25where the areas in the figure are:a: 55(1.75-1.50) -.5(55-50)(1.75-1.50)=13.125b: .5(55-50)(1.75-1.50)=0.625c: (65-55)(1.75-1.50)=2.50d: .5(70-65)(1.75-1.50)=0.625e: (65-55)(1.50-1.25)=2.50Consumer surplus change: -(a+b+c+d)=-16.875. Producer surplus change: a=13.125. Government revenue change: c+e=5. Efficiency losses b+d are exceeded by terms of trade gain e. [Note: in the calculations for the a, b, and d areas a figure of .5 shows up. This is because we are measuring the area of a triangle, which is one-half of the area of the rectangle defined by the product of the horizontal and vertical sides.]4. Using the same solution methodology as in problem 3, when the home country is very small relative to the foreign country, its effects on the terms of trade are expected to be much less. The small country is much more likely to be hurt by its imposition of a tariff. Indeed, this intuition is shown in this problem. The free trade equilibrium is now at the price $1.09 and the trade volume is now $36.40.With the imposition of a tariff of 0.5 by Home, the new world price is $1.045, the internal homeprice is $1.545, home demand is 69.10 units, home supply is 50.90 and the volume of trade is 18.20. When Home is relatively small, the effect of a tariff on world price is smaller than when Home is relatively large. When Foreign and Home were closer in size, a tariff of .5 by home lowered world price by 25 percent, whereas in this case the same tariff lowers world price by about 5 percent. The internal Home price is now closer to the free trade price plus t than when Home was relatively large. In this case, the government revenues from the tariff equal 9.10, the consumer surplus loss is 33.51, and the producer surplus gain is 21.089. The distortionary losses associated with the tariff (areas b+d) sum to 4.14 and the terms of trade gain (e) is 0.819. Clearly, in this small country example the distortionary losses from the tariff swamp the terms of trade gains. The general lesson is the smaller the economy, the larger the losses from a tariff since the terms of trade gains are smaller.5. The effective rate of protection takes into consideration the costs of imported intermediate goods. In this example, half of the cost of an aircraft represents components purchased from other countries. Without the subsidy the aircraft would cost $60 million. The European value added to the aircraft is $30 million. The subsidy cuts the cost of the value added to purchasers of the airplane to $20 million. Thus, the effective rate of protection is (30 - 20)/20 = 50%.6. We first use the foreign export supply and domestic import demand curves to determine the new world price. The foreign supply of exports curve, with a foreign subsidy of 50 percent per unit, becomes XS= -40 + 40(1+0.5) x P. The equilibrium world price is 1.2 and the internal foreign price is 1.8. The volume of trade is 32. The foreign demand and supply curves are used to determine the costs and benefits of the subsidy. Construct a diagram similar to that in the text and calculate the area of the various polygons. The government must provide (1.8 - 1.2) x 32 = 19.2 units of output to support the subsidy. Foreign producers surplus rises due to the subsidy by the amount of 15.3 units of output. Foreign consumers surplus falls due to the higher price by7.5 units of the good. Thus, the net loss to Foreign due to the subsidy is 7.5 + 19.2 - 15.3 = 11.4 units of output. Home consumers and producers face an internal price of 1.2 as a result of the subsidy. Home consumers surplus rises by 70 x .3 + .5 (6 x.3) = 21.9 while Home producers surplus falls by 44 x .3 + .5(6 x .3) = 14.1, for a net gain of 7.8 units of output.7. At a price of $10 per bag of peanuts, Acirema imports 200 bags of peanuts. A quota limiting the import of peanuts to 50 bags has the following effects:a.The price of peanuts rises to $20 per bag.b. The quota rents are ($20 - $10) x 50 = $500.c. The consumption distortion loss is .5 x 100 bags x $10 per bag = $500.d. The production distortion loss is .5 x50 bags x$10 per bag = $250.。
期末复习用 《国际经济学》各章习题及答案
2.答:新古典经济学是 19 世纪 70 年代由“边际革命”开始而形成的一种经济 学流派。它在继承古典经济学经济自由主义的同时,以边际效用价值论代替了 古典经济学的劳动价值论,以需求为核心的分析代替了古典经济学以供给为核 心的分析。新古典学派主要包裹奥地利学派、洛桑学派、剑桥学派。认为边际 效用递减规律是理解经济现象的一个根本基础,利用这一规律可以解释买主面途之间的最佳配置等各种经济问题。
这是,A 国的提供曲线会发生什么变化?
第 3 章复习思考题参考答案 1.答: (1) 5X + 4Y = 20000 。 (2)封闭条件下,此国生产可能性边界的斜率是-5/4=PX/PY。因为 X 的国
际相对价格为 2,所以此国出口 X 进口 Y。出口 1000 个单位的 X 可以换得 2000 个单位的 Y。贸易三角形即可划出。
3.答:不是否定,而是相互补充。 4.答:保罗·克鲁格曼的贡献主要是对贸易模式和经济活动的区位等新贸易 理论的发展。1979 年克鲁格曼在《国际经济学杂志》发表了一篇经典论文《规 模报酬递增、垄断竞争和国际贸易》,论证了资源相似的两国也可以进行国际 贸易,且贸易可以发生在同一行业。克鲁格曼加入了规模经济、消费者喜好消 费的多样性等因素。1991 年克鲁格曼在《政治经济学杂志》上发表了一篇的开
7.自由贸易的利益。A 国稿纸的需求曲线方程为: QD = 350 − 0.5P 。
《国际经济学》克鲁格曼(第六版)习题答案
CHAPTER 2LABOR PRODUCTIVITY AND COMPARATIVE ADVANTAGE: THE RICARDIAN MODELChapter OrganizationThe Concept of Comparative AdvantageA One-Factor EconomyProduction PossibilitiesRelative Prices and SupplyTrade in a One-Factor WorldBox: Comparative Advantage in Practice: The Case of Babe RuthDetermining the Relative Price After TradeThe Gains from TradeA Numerical ExampleBox: The Losses from Non-TradeRelative WagesMisconceptions About Comparative AdvantageProductivity and CompetitivenessThe Pauper Labor ArgumentExploitationBox: Do Wages Reflect Productivity?Comparative Advantage with Many GoodsSetting Up the ModelRelative Wages and SpecializationDetermining the Relative Wage with a Multigood ModelAdding Transport Costs and Non-Traded GoodsEmpirical Evidence on the Ricardian ModelSummaryCHAPTER OVERVIEWThe Ricardian model provides an introduction to international trade theory. This most basic model of trade involves two countries, two goods, and one factor of production, labor. Differences in relative labor productivity across countries give rise to international trade. This Ricardian model, simple as it is, generates important insights concerning comparative advantage and the gains from trade. These insights are necessary foundations for the more complex models presented in later chapters.The text exposition begins with the examination of the production possibility frontier and the relative prices of goods for one country. The production possibility frontier is linear because of the assumption of constant returns to scale for labor, the sole factor of production. The opportunity cost of one good in terms of the other equals the price ratio since prices equal costs, costs equal unit labor requirements times wages, and wages are equal in each industry.After defining these concepts for a single country, a second country is introduced which has different relative unit labor requirements. General equilibrium relative supply and demand curves are developed. This analysis demonstrates that at least one country will specialize in production. The gains from trade are then demonstrated with a graph and a numerical example. The intuition of indirect production, that is "producing" a good by producing the good for which a country enjoys a comparative advantage and then trading for the other good, is an appealing concept to emphasize when presenting the gains from trade argument. Students are able to apply the Ricardian theory of comparative advantage to analyze three misconceptions about the advantages of free trade. Each of the three "myths" represents a common argument against free trade and the flaws of each can be demonstrated in the context of examples already developed in the chapter.While the initial intuitions are developed in the context of a two good model, it is straightforward to extend the model to describe trade patterns when there are N goods. This analysis can be used to explain why a small country specializes in the production of a few goods while a large country specializes in the production of many goods. The chapter ends by discussing the role that transport costs play in making some goods non-traded.The appendix presents a Ricardian model with a continuum of goods. The effect of productivity growth in a foreign country on home country welfare can be investigated withthis model. The common argument that foreign productivity advances worsen the welfare of the domestic economy is shown to be fallacious in the context of this model.ANSWERS TO TEXTBOOK PROBLEMS1. a. The production possibility curve is a straight line that intercepts the apple axis at 400(1200/3) and the banana axis at 600 (1200/2).b. The opportunity cost of apples in terms of bananas is 3/2. It takes three units of labor toharvest an apple but only two units of labor to harvest a banana. If one foregoes harvesting an apple, this frees up three units of labor. These 3 units of labor could then be used to harvest 1.5 bananas.c. Labor mobility ensures a common wage in each sector and competition ensures the priceof goods equals their cost of production. Thus, the relative price equals the relative costs, which equals the wage times the unit labor requirement for apples divided by the wage times the unit labor requirement for bananas. Since wages are equal across sectors, the price ratio equals the ratio of the unit labor requirement, which is 3 apples per 2 bananas.2. a. The production possibility curve is linear, with the intercept on the apple axis equal to160 (800/5) and the intercept on the banana axis equal to 800 (800/1).b. The world relative supply curve is constructed by determining the supply of applesrelative to the supply of bananas at each relative price. The lowest relative price at which apples are harvested is 3 apples per 2 bananas. The relative supply curve is flat at this price. The maximum number of apples supplied at the price of 3/2 is 400 supplied by Home while, at this price, Foreign harvests 800 bananas and no apples, giving a maximum relative supply at this price of 1/2. This relative supply holds for any price between 3/2 and 5. At the price of 5, both countries would harvest apples.The relative supply curve is again flat at 5. Thus, the relative supply curve is step shaped, flat at the price 3/2 from the relative supply of 0 to 1/2, vertical at the relative quantity 1/2 rising from 3/2 to 5, and then flat again from 1/2 to infinity.3. a. The relative demand curve includes the points (1/5, 5), (1/2, 2), (1,1), (2,1/2).b. The equilibrium relative price of apples is found at the intersection of the relativedemand and relative supply curves. This is the point (1/2, 2), where the relativedemand curve intersects the vertical section of the relative supply curve. Thus the equilibrium relative price is 2.c. Home produces only apples, Foreign produces only bananas, and each country tradessome of its product for the product of the other country.d. In the absence of trade, Home could gain three bananas by foregoing two apples, andForeign could gain by one apple foregoing five bananas. Trade allows each country to trade two bananas for one apple. Home could then gain four bananas by foregoing two apples while Foreign could gain one apple by foregoing only two bananas. Each country is better off with trade.4. The increase in the number of workers at Home shifts out the relative supply schedulesuch that the corner points are at (1, 3/2) and (1, 5) instead of (1/2, 3/2) and (1/2, 5).The intersection of the relative demand and relative supply curves is now in the lower horizontal section, at the point (2/3, 3/2). In this case, Foreign still gains from trade but the opportunity cost of bananas in terms of apples for Home is the same whether or not there is trade, so Home neither gains nor loses from trade.5. This answer is identical to that in 3. The amount of "effective labor" has not changedsince the doubling of the labor force is accompanied by a halving of the productivity of labor.6. This statement is just an example of the pauper labor argument discussed in the chapter.The point is that relative wage rates do not come out of thin air; they are determined by comparative productivity and the relative demand for goods. The box in the chapter provides data which shows the strong connection between wages and productivity.Korea's low wage presumably reflects the fact that Korea is less productive than the United States in most industries. As the test example illustrated, a highly productive country that trades with a less productive, low-wage country will raise, not lower, its standard of living.7. The problem with this argument is that it does not use all the information needed fordetermining comparative advantage in production: this calculation involves the four unit labor requirements (for both the industry and service sectors, not just the two for the service sector). It is not enough to compare only service's unit labor requirements.If a ls< a ls*, Home labor is more efficient than foreign labor in services. While thisdemonstrates that the United States has an absolute advantage in services, this is neithera necessary nor a sufficient condition for determining comparative advantage. For thisdetermination, the industry ratios are also required. The competitive advantage of any industry depends on both the relative productivities of the industries and the relative wages across industries.8. While Japanese workers may earn the equivalent wages of U.S. workers, the purchasingpower of their income is one-third less. This implies that although w=w* (more or less), p<p* (since 3p=p*). Since the United States is considerably more productive in services, service prices are relatively low. This benefits and enhances U.S. purchasing power.However, many of these services cannot be transported and hence, are not traded. This implies that the Japanese may not benefit from the lower U.S. services costs, and do not face an international price which is lower than their domestic price. Likewise, the price of services in United States does not increase with the opening of trade since these services are non-traded. Consequently, U.S. purchasing power is higher than that of Japan due to its lower prices on non-traded goods.9. Gains from trade still exist in the presence of nontraded goods. The gains from tradedecline as the share of nontraded goods increases. In other words, the higher the portion of goods which do not enter international marketplace, the lower the potential gains from trade. If transport costs were high enough so that no goods were traded then, obviously, there would be no gains from trade.10. The world relative supply curve in this case consists of a step function, with as many"steps" (horizontal portions) as there are countries with different unit labor requirement ratios. Any countries to the left of the intersection of the relative demand and relative supply curves export the good in which they have a comparative advantage relative to any country to the right of the intersection. If the intersection occurs in a horizontal portion then the country with that price ratio produces both goods.FURTHER READINGDonald Davis. “Intraindustry Trade: A Heckscher-Ohlin-Ricardo Approach” (working paper, Harvard University).Rudiger Dornbusch, Stanley Fischer, and Paul Samuelson. "Comparative Advantage, Trade and Payments in a Ricardian Model with a Continuum of Goods." American Economic Review 67 (December 1977) pp.823-839.Giovanni Dosi, Keith Pavitt, and Luc Soete. The Economics of Technical Change and International Trade. Brighton: Wheatsheaf, 1988.G.D.A. MacDougall. "British and American Exports: A Study Suggested by the Theory of Comparative Costs." Economic Journal 61 (September 1952) pp.487-521.John Stuart Mill. Principles of Political Economy. London: Longmans Green, 1917.David Ricardo. The Principles of Political Economy and Taxation. Homewood Illinois: Irwin, 1963.。
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第一章练习与答案1为什么说在决定生产和消费时,相对价格比绝对价格更重要?答案提示:当生产处于生产边界线上,资源则得到了充分利用,这时,要想增加某一产品的生产,必须降低另一产品的生产,也就是说,增加某一产品的生产是有机会机本(或社会成本)的。
生产可能性边界上任何一点都表示生产效率和充分就业得以实现,但究竟选择哪一点,则还要看两个商品的相对价格,即它们在市场上的交换比率。
相对价格等于机会成本时,生产点在生产可能性边界上的位置也就确定了。
所以,在决定生产和消费时,相对价格比绝对价格更重要。
2•仿效图1 —6和图1 —7试推导出Y商品的国民供给曲线和国民需求曲线。
答案提示:3•在只有两种商品的情况下,当一个商品达到均衡时,另外一个商品是否也同时达到均衡?试解释原因。
答案提示:4.如果生产可能性边界是一条直线,试确定过剩供给(或需求)曲线。
答案提示:5•如果改用Y商品的过剩供给曲线(B国)和过剩需求曲线(A国)来确定国际均衡价格,那么所得出的结果与图1 —13中的结果是否一致?答案提示:国际均衡价格将依旧处于贸易前两国相对价格的中间某点。
6 •说明贸易条件变化如何影响国际贸易利益在两国间的分配。
答案提示:一国出口产品价格的相对上升意味着此国可以用较少的出口换得较多的进口产品,有利于此国贸易利益的获得,不过,出口价格上升将不利于出口数量的增加,有损于出口国的贸易利益;与此类似,出口商品价格的下降有利于出口商品数量的增加,但是这意味着此国用较多的出口换得较少的进口产品。
对于进口国来讲,贸易条件变化对国际贸易利益的影响是相反的。
7•如果国际贸易发生在一个大国和一个小国之间,那么贸易后,国际相对价格更接近于哪一个国家在封闭下的相对价格水平?答案提示:贸易后,国际相对价格将更接近于大国在封闭下的相对价格水平。
&根据上一题的答案,你认为哪个国家在国际贸易中福利改善程度更为明显些?答案提示:小国。
9*・为什么说两个部门要素使用比例的不同会导致生产可能性边界曲线向外凸?答案提示:第二章答案1 •根据下面两个表中的数据,确定(1)贸易前的相对价格;(2)比较优势型态。
表1 X、Y的单位产出所需的劳动投入A B答案提示行比较。
(表2-2(a)和表2-2 (b)部分的内容)2•假设A、B两国的生产技术条件如下所示,那么两国还有进行贸易的动机吗?解释原因。
表3 X、Y的单位产出所需的劳动投入答案提示:从绝对优势来看,两国当中A国在两种产品中都有绝对优势;从比较优势来看,两国不存在相对技术差异。
所以,两国没有进行国际贸易的动机。
3•证明如果一国在某一商品上具有绝对优势,那么也必具有比较优势。
一一题出错了证明即使一国在某一商品上具有绝对优势,也未必具有比较优势。
答案提示:如果a X b X,则称A国在X生产上具有绝对优势;如果a X / a Y b x / b<,则称A国在X生产上具有比较优势。
当a Y =b Y或者a Y b Y的时候,由a x b x可以推出a X /a Y b X / b Y,但是,当a Y b Y的时候,a X b X不能保证a X /a Y b X /b Y。
所以,即使一国在某一商品上具有绝对优势,也未必具有比较优势。
4•根据书中第二个例子的做法,如果按照比较劣势的原则进行国际分工,那么会对世界生产带来什么净影响?答案提示:5.假设某一国家拥有20 , 000万单位的劳动,X、Y的单位产出所要求的劳动投入分别为5个单位和4个单位,试确定生产可能性边界方程。
11 1 1答案提示:L x L Y = 200000000 ;X = L x ;Y = 1 L Y5 4 5 46•根据上一题的条件,再加上以下几个条件,试确定该国的出口量,并在图中画出贸易三角形。
(1)X的国际相对价格为2;(2)进口为2,000个单位。
答案提示:封闭条件下,此国生产可能性边界的斜率是14— ------ :=5——二:PX。
因为X的国际相14P5对价格为2,所以此国出口X进口Y。
出口1,000个单位的X可以换得2,000个单位的Y。
贸易三角是C A DA'(见图2-5(a))。
7•在图2—2 (b)中,过剩供给曲线两端是否有界限?试解释原因。
答案提示:过剩供给曲线两端是有界限的,因为一国生产能力和消费需求是有界限的。
8*.仿照图2—4,你能否画出这样一种情形:两条曲线的交点所决定的国际均衡价格与某一国封闭下的相对价格完全相同?如何解释这种结果?答案提示:从大国、小国的角度考虑。
9.试对下列说法加以评价:(1)由于发达国家工资水平高于发展中国家,所以发达国家与发展中国家进行贸易会无利可图;(2)因为美国的工资水平很高,所以美国产品在世界市场缺乏竞争力;(3)发展中国家的工资水平比较低是因为国际贸易的缘故。
答案提示:以上三种观点都不正确。
10*•试根据李嘉图模型证明:如果A国在两种产品上都具有绝对优势,那么贸易后A国的名义工资水平肯定高于B国。
答案提示:比较W a.「P W与W b「P:之间的大小。
第三章答案1.根据下面的两个表,试判断:(1)哪个国家是资本相对丰富的;(2)哪个国家是劳动相对丰富的;(3)如果X是资本密集型产品,Y是劳动密集型产品,那么两国的比较优势如何?要素禀赋A B劳动4520资本1510表2要素禀赋A B劳动1230资本4860答案提示:表1中A国劳动相对丰裕,A国在生产Y产品上有比较优势。
表2中A国资本相对丰裕,A国在生产X产品上有比较优势。
2. 如果A国的资本、劳动总量均咼于B国,但资本相对更多些,试仿照图3—3和图3 —4的做法,确定两国生产可能性边界线的位置关系。
答案提示:3.根据上一题,试在图中画出两国在封闭和开放下的一般均衡。
答案提示:b)/ /P w /4.如果两个部门的要素密度完全相同,那么要素禀赋差异还会引发国际贸易吗?如果贸易发生的话,那么国际分工与贸易型态如何?试将你得出的结果与李嘉图模型加以比较。
答案提示:如果两个部门的要素密度完全相同,那么要素禀赋差异将不会引发国际贸易。
不过,国际贸易还可能存在,这时候的国际分工将有更多的偶然性质。
5*•试证明在图3—7中,两国的消费点共同位于从原点出发的一条直线上。
答案提示:根据两国的消费结构来判断6*.如果两国存在技术差异,那么贸易后两国要素价格是否均等,为什么?答案提示:如果两国存在技术差异,那么贸易后两国要素价格将不均等。
可采用图3—8的方式来解释7.需求逆转是否会影响要素价格均等?为什么?答案提示:需求逆转导致两个国家相同产品的价格不一样,使得要素价格无法均等。
& 如何根据罗伯津斯基定理,来解释要素禀赋不同的两个国家生产可能性边界之间的差另U?答案提示:罗伯津斯基定理是,在商品相对价格不变的前提下,某一要素的增加会导致密集使用该要素部门的生产增加,而另一部门的生产则下降。
如果两个国家的要素禀赋不一样,则某种要素多的国家,会生产更多密集使用该要素的产品,反之亦然。
所以,两个国家的生产可能性边界就出现了差别。
9.如果一国的资本与劳动同时增加,那么在下列情况下,两种产品的生产以及该国的贸易条件如何变化?(1)资本、劳动同比例增加;(2)资本增加的比例大于劳动增加的比例;(3)资本增加的比例小于劳动增加的比例。
答案提示:(1)两种产品的产量同比例增加,贸易条件没有变化。
(2)资本密集型产品的生产增加更快,资本密集型产品的价格有下降的压力。
(3)劳动密集型产品的生产增加更快,劳动密集型产品的价格有下降的压力。
10.对小国来说,经济增长后福利如何变化?答案提示:对于小国来说,经济增长以后,不对国际价格形成影响,其贸易条件不会变化,所以福利将上升。
11.在战后几十年间,日本、韩国等东亚的一些国家或地区的国际贸易商品结构发生了, 明显变化,主要出口产品由初级产品到劳动密集型产品,再到资本密集型产品,试对此变化加以解释。
答案提示:随着国际贸易的开展,日本、韩国等东亚国家发挥了比较优势,促进了生产,提高了福利。
随着资本的不断积累,日本、韩国等国家的比较优势由起初的初级产品和劳动密集型产品的生产变成了资本密集型产品的生产,所以贸易结构也就相应地发生了变化。
12 •试析外资流入对东道国贸易条件和比较优势的影响。
答案提示:外资流入可以从一定程度上改变东道国的要素禀赋,比如,使得原来资本相对稀缺的国家变成资本相对丰裕的国家。
当要素禀赋改变以后,东道国可以发挥新形成的比较优势进行国际贸易,提高福利水平。
如果外资流入的东道国在资本密集型产品的生产上增加特别多,以至于影响到国际价格,这将使得此国此种产品的出口价格有下降的压力,不利于贸易条件的维持和改善。
第四章习题答案提示1 •如果劳动不是同质的话,那么劳动技能的差别是否会造成特定要素的存在?试举例说明。
答案提示:会的。
2•如果短期内资本和劳动都不能自由流动,那么国际贸易对要素实际收入会产生什么影响?答案提示:出口产品密集使用的要素,其价格将上升;进口竞争产品密集使用的要素,其价格将下降。
3•根据本章所建立的特定要素模型,试析劳动增加对要素实际收入和两个部门的生产会产生什么影响?(提示:将图4—1中的纵坐标由原点Q或c y向外平行移动,然后比较一下新旧均衡点)。
答案提示:劳动增加并且完全就业,则整个经济的资本-劳动比例下降,劳动力价格将下降。
劳动力增加将增加密集使用劳动力产品的产量;资本密集型产品的产量下降。
4•如果是某一特定要素增加,那么要素实际收入和两个部门的生产又将如何变化?(提示:考虑一下劳动需求曲线的变动)。
答案提示:某一特定要素增加,将导致密集使用该要素产品的产量上升,同时由于另一个部门释放出了一部分共同要素,使得另一个部门的产量下降了。
共同生产要素的收入将上升。
5•根据你对3和4题的回答,试判断在上述两种情况下,罗伯津斯基定理是否依然有效?答案提示:依然有效。
6•假设某一国能源部门(比如石油部门)和制造业部门除劳动是共同的投入要素外,各使用一种不同的特定要素,那么,世界市场上能源价格的上涨对该国制造业部门的生产会产生什么影响?答案提示:随着世界市场能源价格上升,一部分劳动力将由制造业部门流到能源部门,能源部门产量增加,制造业部门的产量下降。
7.根据特定要素模型,试判断短期内国际贸易能否导致要素价格均等化?为什么?(提示:根据要素禀赋理论,长期条件下,要素禀赋的任何变化都不影响要素实际收入,但在短期内,要素禀氟的变化会影响要素实际收入,根据这一区别,并联系一下两国的要素禀赋的差异,再加以分析)。
答案提示:根据特定要素模型,短期内,特定要素在两个部门间无法流动。
按照本章的分析,虽然都是资本,但是 x 和y 部门的资本回报是不一样的,所以不会导致要素价格均等化。