The central concern of this thesis is to identify and analyse the circumstances in which international trade in second-hand machines will take place, and to describe the consequences of such trade. It turns out that this topic is not so esoteric as it may initially seem, and part of the thesis is devoted to exploring alternative models of trade in capital goods, and to showing the extent to which all such models exhibit common features.
|Author||Smith, Murdo Alasdair Macdonald.;|
|Subject||Industrial equipment International trade Used machinery|
|Abstract||The thesis considers the effect of world trade or commodity price volatility on small open economies. It extends the existing literature by including non-tradeable goods and many volatile prices in the model together with consideration of the welfare effects of participation in international risk or capital markets. In addition the thesis systematically addresses the implications of price volatility for resource allocation and presents empirical ... [truncated at 450 characters in length]|
|Subject||Prices Free trade International trade Social aspects National income|
This study has two main objectives. The first is to investigate the capacity and limits of spatial equilibrium modelling in the context of international agricultural commodity trade. The second is to identify protectionism and other factors distorting the pattern of trade in an international agricultural commodity market and to assess their relative importance. Wheat is chosen as the commodity of study.
It is shown how various distorting ... [truncated at 450 characters in length]
|Author||Booth, Jerome P. (Jerome Paul);|
|Subject||Agricultural industries International trade Protectionism|