托马斯.A.普格尔-国际贸易-英语chap007讲课教案
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Balanced versus biased growth
Growth in only one factor
Changes in the country’s willingness to trade
Effects on the country’s term of trade
Technology and trade
Biased growth
economic growth that favors producing relatively more of one of the products, so that the relative shape of the new production possibility curves skews toward the fastergrowing product.
McGraw-Hill/Irwin
© 2007 The McGraw-Hill Companies, Inc., All Rights Reserved.
McGraw-Hill/Irwin
© 2007 The McGraw-Hill Companies, Inc., All Rights Reserved.
© 2007 The McGraw-Hill Companies, Inc., All Rights Reserved.
Changes in the country’s willingness to trade
What happen of the size of trade triangle in figure 6.1 when the consumption of wheat decrease?
McGraw-Hill/Irwin
© 2007 The McGraw-Hill Companies, Inc., All Rights Reserved.
How about the change of trade triangle in three figures?
McGraw-Hill/Irwin
What can cause biased growth?
From factors From technologies
McGraw-Hill/Irwin
© 2007 The McGraw-Hill Companies, Inc., All Rights Reserved.
Figure 7.1 – Balanced and Biased Growth
What happen of the size of trade triangle in figure 6.1 when the consumption of wheat increase?
McGraw-Hill/Irwin
© 2007 The McGraw-Hill Companies, Inc., All Rights Reserved.
Chapter 7
Growth and Trade
McGraw-Hill/Irwin
© 2007 The McGraw-Hill Companies, Inc., All Rights Reserved.
What’s the sources of long-run economic growth?
What’s the sources of long-run economic growth?
Increase in countries’ endowments of production factors
Improvements in production technologies
Mห้องสมุดไป่ตู้Graw-Hill/Irwin
© 2007 The McGraw-Hill Companies, Inc., All Rights Reserved.
Balanced versus biased growth
Balanced growth
the ppc shifts out proportionally so that its relative shape is the same
McGraw-Hill/Irwin
© 2007 The McGraw-Hill Companies, Inc., All Rights Reserved.
Figure 7.2 – Single-Factor Growth: The Rybczynski Theorem
McGraw-Hill/Irwin
© 2007 The McGraw-Hill Companies, Inc., All Rights Reserved.
Growth in only one factor
Rybczynski theorem: (1) an increase in the output quantity of the product that uses the growing factor intensively, and (2) a decrease in the output quantity of the other product.
Effects on the country’s term of trade
Small country
A country whose trade (or realistic changes in its trade) does not affect international product price
large country
a country whose trade (or realistic changes in its trade) affects international product price
McGraw-Hill/Irwin
© 2007 The McGraw-Hill Companies, Inc., All Rights Reserved.
Growth in only one factor
Changes in the country’s willingness to trade
Effects on the country’s term of trade
Technology and trade
Biased growth
economic growth that favors producing relatively more of one of the products, so that the relative shape of the new production possibility curves skews toward the fastergrowing product.
McGraw-Hill/Irwin
© 2007 The McGraw-Hill Companies, Inc., All Rights Reserved.
McGraw-Hill/Irwin
© 2007 The McGraw-Hill Companies, Inc., All Rights Reserved.
© 2007 The McGraw-Hill Companies, Inc., All Rights Reserved.
Changes in the country’s willingness to trade
What happen of the size of trade triangle in figure 6.1 when the consumption of wheat decrease?
McGraw-Hill/Irwin
© 2007 The McGraw-Hill Companies, Inc., All Rights Reserved.
How about the change of trade triangle in three figures?
McGraw-Hill/Irwin
What can cause biased growth?
From factors From technologies
McGraw-Hill/Irwin
© 2007 The McGraw-Hill Companies, Inc., All Rights Reserved.
Figure 7.1 – Balanced and Biased Growth
What happen of the size of trade triangle in figure 6.1 when the consumption of wheat increase?
McGraw-Hill/Irwin
© 2007 The McGraw-Hill Companies, Inc., All Rights Reserved.
Chapter 7
Growth and Trade
McGraw-Hill/Irwin
© 2007 The McGraw-Hill Companies, Inc., All Rights Reserved.
What’s the sources of long-run economic growth?
What’s the sources of long-run economic growth?
Increase in countries’ endowments of production factors
Improvements in production technologies
Mห้องสมุดไป่ตู้Graw-Hill/Irwin
© 2007 The McGraw-Hill Companies, Inc., All Rights Reserved.
Balanced versus biased growth
Balanced growth
the ppc shifts out proportionally so that its relative shape is the same
McGraw-Hill/Irwin
© 2007 The McGraw-Hill Companies, Inc., All Rights Reserved.
Figure 7.2 – Single-Factor Growth: The Rybczynski Theorem
McGraw-Hill/Irwin
© 2007 The McGraw-Hill Companies, Inc., All Rights Reserved.
Growth in only one factor
Rybczynski theorem: (1) an increase in the output quantity of the product that uses the growing factor intensively, and (2) a decrease in the output quantity of the other product.
Effects on the country’s term of trade
Small country
A country whose trade (or realistic changes in its trade) does not affect international product price
large country
a country whose trade (or realistic changes in its trade) affects international product price
McGraw-Hill/Irwin
© 2007 The McGraw-Hill Companies, Inc., All Rights Reserved.