Revealed Comparative Advantage and the Measurement of International Competitiveness for Agricultural Commodities: An Empirical Analysis of Wool Exporters
نویسنده
چکیده
Trade liberalization and laissez-faire economics are altering the structure of agricultural production and trade. The principle of comparative advantage, a classic tenet of economics, is a useful tool for understanding the future of world agriculture. This study employs a " Revealed Comparative Advantage " approach to investigate patterns of comparative advantage among six major wool exporting countries.
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