Acknowledgments ix
Foreword to the Second Edition xi
Chapter 1 Preliminaries: Two-Sector Models 1
Chapter 2 The Heckscher-Ohlin Model 25
Chapter 3 Many Goods and Factors 51
Chapter 4 Trade in Intermediate Inputs and Wages 83
Chapter 5 Monopolistic Competition and the Gravity Equation I 119
Chapter 6 Monopolistic Competition and the Gravity Equation II 155
Chapter 7 Gains from Trade and Regional Agreements 186
Chapter 8 Import Tariffs and Dumping 214
Chapter 9 Import Quotas and Export Subsidies 256
Chapter 10 Political Economy of Trade Policy 299
Chapter 11 Trade and Endogenous Growth 331
Chapter 12 Multinationals and Organization of the Firm 360
Appendix A Price, Productivity, and Terms of Trade Indexes 403
Appendix B Discrete Choice Models 419
References 431
Index 465

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. 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.
Feenstra 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. He examines imperfect competition, offshoring, political economy, multinationals, endogenous growth, the gravity equation, and the organization of the firm in international trade. Feenstra also includes a new chapter on monopolistic competition with heterogeneous firms, with many applications of that model. In addition to known results, the book looks at some particularly important unpublished results by various authors. Two appendices draw on index numbers and discrete choice models to describe methods applicable to research problems in international trade.
Completely 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.

• Updated second edition of the essential graduate textbook
• Current approaches and a new chapter on monopolistic competition with heterogeneous firms
• Supplementary materials in each chapter
• Theoretical and empirical exercises
• Two appendices describe methods for international trade research

Robert C. Feenstra is a professor in the Department of Economics at the University of California, Davis, where he holds the C. Bryan Cameron Distinguished Chair in International Economics. His books include Offshoring in the Global Economy and Product Variety and the Gains from International Trade.