International Economics

Krugman, P. R., Obstfeld, M., & Melitz, M. J. (2018). International Economics: Theory and Policy. Pearson.

Type

Book

Intellectual base

Textbook

Year

2018

Link

https://www.pearson.com/en-us/subject-catalog/p/international-economics-theory-and-policy/P200000007479/9780134542607

Cited from

economics_finance, systems_cybernetics

Cited by

2 citations across 2 artifacts.

Each citation links to the sentence it supports in the citing article.

Primes

• Comparative Advantage
  • The textbook exercise shows that if A specializes in good 1 and B in good 2, and they trade at a price ratio lying between the two agents' opportunity-cost ratios, both can consume more of both goods than they could in autarky.

    This sourceChapter 3 ("Labor Productivity and Comparative Advantage: The Ricardian Model") derives the two-agent, two-good result: an agent has comparative advantage in the good where its relative unit-labor requirement (opportunity cost) is lower, and trade at a relative price strictly between the two autarky opportunity-cost ratios lets both consume outside their production-possibility frontiers.

• Permeability
  • Markets and materials: customs barriers, capital controls, and regulatory borders set the permeability of economies; gas permeability of polymers and ionic conductivity of solid electrolytes set the permeability of materials.

    This source10th ed. Boston: Pearson, 2015 — on tariffs, capital controls, and trade barriers as restraints on cross-border flow of goods and capital; paired with Massey, Liesl K., Permeability Properties of Plastics and Elastomers: A Guide to Packaging and Barrier Materials, 2nd ed. (Norwich, NY: William Andrew/Plastics Design Library, 2003), which tabulates gas and water-vapor permeability of >125 polymers — together establishing economic permeability (trade/capital barriers) and materials permeability (polymer gas barriers).

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Links previously used in the corpus

Before the registry existed this work was also linked 1 other way.

• https://www.pearson.com/en-us/subject-catalog/p/international-economics-theory-and-policy/P200000005941 ×1

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