A New Class of Revealed Comparative Advantage Indexes
نویسندگان
چکیده
Abstract This paper draws upon a critical analysis of the three RCA indexes in Vollrath (1991) to propose new class indexes. The baseline index this rests on overall structure trade, is symmetric, avoids size bias and compatible with Kunimoto-Vollrath principle. Possible modifications are subsequently suggested take into account GDP per capita data use adjusted trade aim better measuring comparative advantages. These modified versions together give rise whole An application Euro area indicates that able rank countries according their respective levels advantages more consistent way than alternative Furthermore, provides second-best solutions for time stationarity desirable distributional characteristics an index.
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ژورنال
عنوان ژورنال: Open Economies Review
سال: 2021
ISSN: ['1573-708X', '0923-7992']
DOI: https://doi.org/10.1007/s11079-021-09636-4