Quiet Pioneering

New scholarly research in important aspects of international economics is brought together in this volume. The unifying theme is that each chapter is devoted to a fresh analysis of a problem in international economics that had earlier received cogent and prescient attention by Professor Robert Stern of the University of Michigan, one of the major figures in international economic research in the second half of the twentieth century. Each chapter examines a significant issue in international trade or finance, including determinants of comparative advantage, the effects of trade restrictions and the importance of trade liberalization, aspects of international trade institutions, and monetary policy in integrated markets. Three broad areas of international economic analysis are explored. The first part of the volume is devoted to new and sophisticated empirical analyses of important policy questions, such as technical change in trade models, how nontariff barriers are established, and how patent protection affects trade flows. The second part analyzes key areas involving international trade negotiations, including the usefulness of binding tariff commitments, regionalism versus bilateralism in trade liberalization, and strategic competition among international firms in setting negotiating agendas. The final part considers important questions in labor costs, asset pricing, and monetary union in international markets. Professional international economists will find much worth reading in the volume. It also is relevant to those who study international relations and international organizations; political scientists; and government policy analysts. Keith E. Maskus is Professor ofEconomics, University of Colorado, Boulder. Peter M. Hooper is Assistant Director, Division of International Finance, Board of Governors of the Federal Reserve System. Edward E. Leamer is Professor of Economics and Management, University of California, Los Angeles. J. David Richardson is Professor of Economics, Syracuse University.

ISBN 0472108395   Pages 392 ISBN13 9780472108398 (What's this?)   Volumes 000 Publisher The University of Michigan Press   Weight (grammes) 720 Imprint The University of Michigan Press   Published in Ann Arbor, MI Format Hardback   Series title Studies in International Economics (Hardcover) Publication date 31 Dec 1997   Height (mm) 230 Library of Congress 97037446   Width (mm) 160 DEWEY 330.092   Spine width (mm) 33 DEWEY edition DC21   Academic level Professional / Scholarly

		Abbreviations
1		Introduction: The Contributions of Robert M. Stern by Keith E. Maskus		1
2		Evidence of Ricardian and Heckscher-Ohlin Effects in OECD Specialization Patterns by Edward E. Leamer		11
3		Testing Theories of Endogenous Protection: Robust Evidence from U.S. Nontariff Barrier Data by Kishore Gawande		37
4		Section 337 and the Protection of Intellectual Property in the U.S.: The Impact on R&D Spending by John Mutti and Bernard Yeung		71
5		Patents and International Trade: An Empirical Study by Keith E. Maskus and Mohan Penubarti		95
6		Bindings and Rules as Trade Liberalization by Will Martin and Joseph Francois		121
7		Alternative Paths toward Open Global Markets by Rachel McCulloch and Peter A. Petri		149
8		Focal Points and Multilateral Negotiations on the Contestability of Markets by Bernard Hoekman		171
9		Do Trading Blocs Enhance the Case for Strategic Trade Policy? by Wilhelm Kohler		193
10		International Comparisons of the Levels of Unit Labor Costs in Manufacturing by Peter M. Hooper and Elizabeth Vrankovich		231
11		Stock Market Evaluations of a European Monetary Union by Filip Abraham and Aileen Thompson		283
12		On the Dynamic Effects of Monetary and Fiscal Policy in a Monetary Union by Jay H. Levin		313
13		Panel Commentary by Gregory K. Schoepfle and Jorge F. Perez-Lopez and Geza Feketekuty		339
		Appendix: Selected Publications of Robert M. Stern		355
		Contributors and Discussants		363
		Index		367

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