Empirical Methods in International Trade

Empirical Methods in International Trade

Essays in Honor of Mordechai Kreinin

Edited by Michael G. Plummer

Internationalization of the world economy has made trade a key factor in the growth potential of nearly every nation’s economy. Hence, economists have become increasingly interested in the determinants of international trade and competitiveness. Empirical Methods in International Trade captures the many aspects of this trend in globalization through practical techniques well-founded in economic theory. The authors, comprising some of the most influential applied international economists of their generation, use cutting-edge models to develop empirical approaches to critical aspects of economic interchange. These approaches are developed and explained carefully with the goal of making them accessible to a wide audience.


Jagdish Bhagwati

Subjects: economics and finance, international economics, methodology of economics


Jagdish Bhagwati Max Kreinin, as all his friends call him, is one of the most creative and influential international economists of his generation, which happens to be the same as mine. Who has not used his celebrated textbook? And who has not profited from the steady stream of professional contributions that have marked his prolific career? Max’s range has also been tremendous, though we know him best from his seminal articles on economic integration. I have learnt from him also when we disagreed, as on whether Japanese entrepreneurs displayed an unjustified bias towards buying from Japanese sources; he was always a tough opponent whom one opposed only to profit from the exchange. Even as we honor him with this Festschrift, splendidly edited by his student Michael Plummer, we know that he will continue for several more years to write and illuminate our understanding of international trade and even finance. His voice and his pen are as strong as ever. In honoring him, we also honor a warm and generous teacher and friend. Jagdish Bhagwati, Columbia University xviii