Krugman-obstfeld-ch6 - Cornell Economics资料.ppt

* * * * * * * * * * * Copyright ? 2003 Pearson Education, Inc. Slide 6-* Figure 6-5: Equilibrium in the Automobile Market Monopolistic Competition and Trade Copyright ? 2003 Pearson Education, Inc. Slide 6-* Figure 6-5: Continued Monopolistic Competition and Trade Copyright ? 2003 Pearson Education, Inc. Slide 6-* Figure 6-5: Continued Monopolistic Competition and Trade Copyright ? 2003 Pearson Education, Inc. Slide 6-* Table 6-2: Hypothetical Example of Gains from Market Integration Monopolistic Competition and Trade Copyright ? 2003 Pearson Education, Inc. Slide 6-* Economies of Scale and Comparative Advantage Assumptions: There are two countries: Home (the capital-abundant country) and Foreign. There are two industries: manufactures (the capital-intensive industry) and food. Neither country is able to produce the full range of manufactured products by itself due to economies of scale. Monopolistic Competition and Trade Copyright ? 2003 Pearson Education, Inc. Slide 6-* Figure 6-6: Trade in a World Without Increasing Returns Home (capital abundant) Foreign (labor abundant) Manufactures Food Monopolistic Competition and Trade Copyright ? 2003 Pearson Education, Inc. Slide 6-* If manufactures is a monopolistically competitive sector, world trade consists of two parts: Intraindustry trade The exchange of manufactures for manufactures Interindustry trade The exchange of manufactures for food Monopolistic Competition and Trade Copyright ? 2003 Pearson Education, Inc. Slide 6-* Figure 6-7: Trade with Increasing Returns and Monopolistic Competition Home (capital abundant) Foreign (labor abundant) Manufactures Food Interindustry trade Intraindustry trade Monopolistic Competition and Trade Copyright ? 2003 Pearson Education, Inc. Slide 6-* Main differences between interindustry and intraindustry trade: Interindustry trade reflects comparative advantage, whereas intraindustry trade does not. The pattern of intraindustry trade itself is unpredic