The Evolution of Comparative Advantage: Measurement and Implications
نویسندگان
چکیده
منابع مشابه
The Evolution of Comparative Advantage: Measurement and Welfare Implications∗
We estimate productivities at the sector level for 75 countries and 5 decades, and examine how they evolve over time in both developed and developing countries. We find that in both country groups, comparative advantage has become weaker: productivity grew systematically faster in sectors that were initially at the greater comparative disadvantage. The global welfare implications of this phenom...
متن کاملThe Evolution of Comparative Advantage : 1 Measurement and Welfare Implications ∗
5 Using novel estimates of sectoral total factor productivities for 72 countries across 5 6 decades we provide evidence of relative productivity convergence: productivity grew 7 systematically faster in initially relatively less productive sectors. These changes have 8 had a significant impact on trade volumes and patterns, and a non-negligible welfare 9 impact. Had productivity in each country...
متن کاملThe Evolution of Comparative Advantage: Measurement and Implications∗
We estimate productivities at the sector level for 72 countries and 5 decades, and examine how they evolve over time in both developed and developing countries. In both country groups, comparative advantage has become weaker: productivity grew systematically faster in sectors that were initially at greater comparative disadvantage. These changes have had a significant impact on trade volumes an...
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15 صفحه اولThe Evolution of Comparative Advantage ∗
We study the evolution of comparative advantage in a model with two countries and`≥ 2 goods. We show that the stochastically stable set consists of the pattern of production that follows the chain of comparative advantage in a sufficiently large world economy. Also, the chain of comparative advantage has an elegant structure that allows for step-by-step evolution. So convergence towards the equ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2014
ISSN: 1556-5068
DOI: 10.2139/ssrn.2526379