An International Economic System

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Cover; Half Title; Title Page; Copyright Page; Original Copyright Page; Original Title Page; PREFACE; Table of Contents; I AN OUTLINE OF THE SYSTEM; II 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 Imports

III EXPLANATION OF THE VOLUME OF IMPORTS OF INDIVIDUAL COUNTRIES1. Expanded Import Equation: Relative Prices; 2. Import Restrictions; 3. Import Restrictions and Relative Prices; 4. The International Reflection Ratio; 5. Furthur Discussion of the International Reflection Ratio; 6. The Total Effect of Changes in Relative Prices on Imports; 7. Direct Determination of the International Reflection Ratio; IV EXPLANATION OF THE VOLUME OF EXPORTS 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 Income4. Expanded Export Equation: Relative Prices; V THE INTERNATIONAL ECONOMIC SYSTEM; 1. The Endogenous System; 2. Two Categories of Shocks; 3. Autonomous Investment; 4. Import Restrictions; 5. Changes in Relative Prices; VI GENERAL STATISTICAL OBSERVATIONS; 1. Introduction; 2. The Correlation Technique; 3. The Need for Short Cuts; 4. Reliability of Coefficients; 5. The Inderminacy of Propensities; 6. Seperation of World Trade in its Two Main Components; 7. The Treatment of Invisibles; 8. The Combination of Instantaneous and Lagged Coefficients

VII STATISTICAL RESULTS FOR INDIVIDUAL COUNTRIESIntroduction; Europe; Czechoslovakia; Denmark; Finland; France; Germany; Hungary; Italy; Netherlands; Norway; Sweden; Switzerland; United Kingdom; Yugoslavia; British Dominions; Australia; Canada; New Zealand; Union of South Africa; Far East; China; India; Indonesia; Japan; Latin America; Argentina; Chile; United States; VIII 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

ANNEX I DERIVATION OF COMBINED INFLUENCE OF EXTERNAL FACTORSANNEX II SOURCES; INDEX

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