An International Economic System

An International Economic System

By: J. J. Polak (author)Paperback

More than 4 weeks availability

£30.00 With FREE Saver Delivery


This book presents an interpretation of the interaction of national economies through international trade. It makes clear the links of both cause and effect that exist between an individual country and developments abroad, and then connects these links for all countries into an international system. Issues such as the process of adjustment, exports, investment and international capital movements are discussed. Statistical content from 25 countries around the world is provided to back up the theoretical concepts and the international findings compared

Create a review


1. An Outline of the System2. The Relation Between Foreign Factors and National Income(1) The Foreign Trade Multiplier(2) The Effect of Changes in Import and Export Prices on Real Income(3) Imports for Consumption and Imports for Investment(4) Induced Investment(5) The Treatment of Lags(6) Why Lags May Not Appear In The Multiplier Relationship(7) The Treatment of Autonomous Investment(8) Capital Imports and Autonomous Investment(9) Autonomous Imports3. Explanation of the Volume of Imports of Individual Countries(1) Expanded Import Equation: Relative Prices(2) Import Restrictions(3) Import Restrictions and Relative Prices(4) The International Reflection Ratio(5) Further Discussion of the International Reflection Ratio(6) The Total Effect of Changes in Relative Prices on Imports(7) Direct Determination of the International Reflection Ratio4. Explanation of the Volume of Imports of Individual Countries(1) Exports as the Main Foreign Factor(2) The Problem of Aggregation: Use of World Trade(3) Alternative Aggregation: Use of World Income(4) Expanded Export Equation: Relative Prices5. The International Economic System(1) The Endogenous System(2) Two Categories of Shocks(3) Autonomous Investment(4) Import Restrictions(5) Changes in Relative Prices6. General Statistical Observations(1) Introduction(2) The Correlation Technique(3) The Need for Short Cuts(4) Reliability of Coefficients(5) The Indeterminacy of Propensities(6) Separation of World in its Two Main Components(7) The Treatment of Individuals(8) The Combination of Instantaneous and Lagged Coefficients7. Statistical Results For Individual Countries(1) Introduction(2) Europe* Czechoslovakia* Denmark* Finland* Germany* Hungary* Ireland* Italy* Netherlands* Norway* Sweden* Switzerland* United Kingdom(3) British Dominions* Australia* Canada* New Zealand* Union of South Africa(4) Far East* China* India* Indonesia* Japan(5) Latin America* Argentina* Chile(6) United States8. Summary of Results(1) Summary Table(2) The Export Explanation(3) The Multipliers(4) The Import Explanation(5) International Reflection Ratios(6) The World Multiplier(7) Application to the 1929-32 Depression

Product Details

  • publication date: 19/10/2010
  • ISBN13: 9780415607391
  • Format: Paperback
  • Number Of Pages: 180
  • ID: 9780415607391
  • weight: 249
  • ISBN10: 0415607396

Delivery Information

  • Saver Delivery: Yes
  • 1st Class Delivery: Yes
  • Courier Delivery: Yes
  • Store Delivery: Yes

Prices are for internet purchases only. Prices and availability in WHSmith Stores may vary significantly