It will quickly become 'the' main textbook in graduate international trade classes, and will be a useful reference for many others interested in the field. Praise for the previous editon: 'This book is a tremendous contribution. Not surprisingly, this book reflects both his awesome scholarship and his ability to communicate ideas simply.'-Daniel Trefler, University of Toronto He is the most distinguished empirical researcher in the field today. When I have a question about international trade I immediately turn to Rob Feenstra for answers and insights. Thanks to Robert Feenstra, my students are about to experience a dramatic change for the better.

Praise for the previous editon: 'In fifteen years of teaching this material I have never used a textbook. Its impact on the graduate education and scholarly research of international trade will be felt for years to come.'-Bin Xu, University of Florida Praise for the previous editon: 'No other book in advanced international trade matches this one in providing a clear, complete, up-to-date, balanced, and systematic summary of international trade theory and evidence.

Two appendices describe methods for international trade research.

Supplementary materials in each chapter.

Current approaches and a new chapter on monopolistic competition with heterogeneous firms.

Updated second edition of the essential graduate textbook.

Two appendices draw on index numbers and discrete choice models to describe methods applicable to research problems in international trade.Ĭompletely revised with the latest developments and brand-new materials, Advanced International Trade is a classic textbook that will be used widely by students and practitioners of economics for a long time to come. In addition to known results, the book looks at some particularly important unpublished results by various authors. Feenstra also includes a new chapter on monopolistic competition with heterogeneous firms, with many applications of that model. He examines imperfect competition, offshoring, political economy, multinationals, endogenous growth, the gravity equation, and the organization of the firm in international trade. In Advanced International Trade, Robert Feenstra integrates the most current theoretical approaches with empirical evidence, and these materials are supplemented in each chapter by theoretical and empirical exercises.įeenstra explores a wealth of material, such as the Ricardian and Heckscher-Ohlin models, extensions to many goods and factors, and the role of tariffs, quotas, and other trade policies. Trade is a cornerstone concept in economics worldwide. This updated second edition of the essential graduate textbook in international trade brings readers to the forefront of knowledge in the field and prepares students to undertake their own research.

International economics feenstra