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of Comparative Advantage,”
, 2005
"... Paper: rob.doc How Robust is Comparative Advantage? ..."
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Paper: rob.doc How Robust is Comparative Advantage?
Comparative Advantage
, 2004
"... Recent papers show that imperfect property rights to a natural resource–a sector-specific factor–can be a source of comparative advantage. in these mod-els, weaker property rights attract labor–the only mobile factor–to the resource sector, increasing the country’s comparative advantage for that sec ..."
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Recent papers show that imperfect property rights to a natural resource–a sector-specific factor–can be a source of comparative advantage. in these mod-els, weaker property rights attract labor–the only mobile factor–to the resource sector, increasing the country’s comparative advantage
and Comparative Advantage
"... This article advances a blueprint for understanding the function entre-preneurs perform in international trade, by drawing on the connection between comparative advantage and entrepreneurial judgement. The mutual benefits of specialisation and exchange are demonstrated when-ever we find a minimum re ..."
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This article advances a blueprint for understanding the function entre-preneurs perform in international trade, by drawing on the connection between comparative advantage and entrepreneurial judgement. The mutual benefits of specialisation and exchange are demonstrated when-ever we find a minimum
Comparative advantage
"... Due to underlying technological and organizational differences, industries differ in their need for external finance. Since services provided by the financial sector are largely immobile across countries, the pattern of industrial specialization should be influenced by the level of financial develop ..."
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development. Among OECD countries we find a strong causal effect of the financial sector on industrial specialization. Further, the financial sector is a source of comparative advantage in a way consistent with the Hecksher-Ohlin-Vanek model. Results are also presented on which aspects of financial systems
Comparative Advantage
"... about the future impact of international trade on the U.S. economy and national income. Having Messrs. Gomory, Baumol, and Samuelson, whom I refer to as GBS, speak out on trade is an important and significant event. Gomory is president of the Alfred P. Sloan Foundation. Baumol is a renowned microeco ..."
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microeconomic theorist and former president of the American Economic Association, while Samuelson is one of the originators of the modern theory of comparative advantage that is widely used to explain and justify international trade (Samuelson 1948, 1949). These observations lead to two points: Point 1
Comparative advantage and heterogeneous firms.
- Rev. Econ. Stud.
, 2007
"... This paper examines how country, industry, and firm characteristics interact in general equilibrium to determine nations' responses to trade liberalization. When firms possess heterogeneous productivity, countries differ in relative factor abundance, and industries vary in factor intensity, fa ..."
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Cited by 97 (2 self)
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, falling trade costs induce reallocations of resources both within and across industries and countries. These reallocations generate substantial job turnover in all sectors, spur relatively more creative destruction in comparative advantage industries than in comparative disadvantage industries
Comparative Advantage, Trade, and Payments in a Ricardian Model with a Continuum of Goods
- AMERICAN ECONOMIC REVIEW
, 1977
"... ..."
An elementary theory of comparative advantage
- Econometrica
"... Abstract. Comparative advantage, whether driven by technology or factor endowment, is at the core of neoclassical trade theory. Using tools from the mathematics of comple-mentarity, this paper o¤ers a simple, yet unifying perspective on the fundamental forces that shape comparative advantage. The ma ..."
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Cited by 68 (14 self)
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Abstract. Comparative advantage, whether driven by technology or factor endowment, is at the core of neoclassical trade theory. Using tools from the mathematics of comple-mentarity, this paper o¤ers a simple, yet unifying perspective on the fundamental forces that shape comparative advantage
On the origins of comparative advantage
- Journal of International Economics
, 2009
"... This paper proposes a simple theory of international trade with endogenous productivity di¤erences across countries. The core of our analysis lies in the determinants of the division of labor. We consider a world economy comprising two large countries, with a continuum of goods and one factor of pro ..."
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Cited by 54 (3 self)
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qual-ity and human per worker capital is larger. Hence, better institutions and more educated workers are complementary sources of comparative advantage in the more complex industries.
Comparative Advantage and Unemployment
, 2009
"... We model unemployment allowing workers to differ by comparative advantage in market work. Workers with comparative advantage are identified by who works more hours when employed. This enables us to test the model by grouping workers based on their long-term wages and hours from panel data. The model ..."
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Cited by 9 (1 self)
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We model unemployment allowing workers to differ by comparative advantage in market work. Workers with comparative advantage are identified by who works more hours when employed. This enables us to test the model by grouping workers based on their long-term wages and hours from panel data
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