Renowned trade theorist Koji Shimomura passed away in February 2007 at the age of 54. He published nearly 100 articles in international academic journals. The loss of this extremely productive economist has been an enormous shock to the economic profession. This volume has emerged from the great desire on the part of the profession to honor his contributions to economic research.
Contributors include authoritative figures in trade theory such as Murray Kemp, Ronald Jones, Henry Wan, and Wilfred Ethier, world-renowned macroeconomists such as Stephen Turnovski and Costas Azariadis, and leading Japanese economists such as Kazuo Nishimura, Makoto Yano, Ryuzo Sato, and Koichi Hamada. This broad range of contributors reflects Koji Shimomura's many connections as well as the respect he earned in the economic profession. This volume offers the reader a rare opportunity to learn the views of so many renowned economists from different schools of thought.
Static Theory of International Trade Under Perfect Competition.- Koji Shimomura: Emerging Trade Theorist.- Rybczynski's Diagram and the Stolper/Samuelson Theorem.- On Trade Gains and International Disparities in Factor Proportions.- A Modified Heckscher-Ohlin Theorem Under Quasilinear Utility Functions.- External Economies of Scale and Comparative Advantage.- Is Free Trade Optimal for a Small Open Economy with Tourism?.- Factor Mobility and Wage Inequality.- A Pareto Improvement in Customs Unions Without Intra-Union Transfer.- Environment and the Harris and Todaro Paradoxes.- Trade Policy and Illegal Immigration.- Static Theory of International Trade Under Imperfect Competition.- Trade in Counterfeit Organic Products.- Foreign Economic Aid and Trade Liberalization Under Imperfect Competition.- Quota as a Competitive Device.- Successive Expansion and Stability of Network Integration in International Trade.- Endogenous Leadership with and without Policy Intervention: International Trade When Producer and Seller Differ.- Trading Under Strategic Self-Constraint: Conceptual Issues and Factual Evidence.- Dynamic Theory of International Trade.- Dynamic Labor Standards Under International Oligopoly.- Quotas Under Dynamic Bertrand Competition.- Imported Inputs: Dynamic Effects on Economic Growth.- Multiplicity and Stability of Equilibrium in Trade Models with Durable Goods.- Import Tariffs and Growth in a Model with Habits.- Preference Structure and Volatility in a Financially Integrated World.- Macroeconomic Dynamics.- Efficient Fiscal Policy Restrictions in a Monetary Union.- The Effects of Factor Taxation in Dynamic Economies with Externalities and Endogenous Labor Supply.- Status Seeking and Bubbles.- On the Role of the Rate of Time Preference in Macroeconomics: A Survey.- Characterization of Equilibrium Paths in a Two-Sector Economy with CES Production Functions and Sector-Specific Externality.- Tobin's "Keynesian Models of Recessions and Depression" Revisited.- Inflation Dynamics and the Cross-Sectional Distribution of Prices in the E.U. Periphery.- Macro Dynamics and Labor-Saving Innovation: US vs. Japan.- Compensation, Entrepreneurship, and Price Leadership.- Entrepreneurship, Organization Capital, and the Evolution of the Firm.- On Yano's Price Leadership Game.- Vilfredo Pareto's Principle of Compensation.
