Comparative advantage and caste evolution
نویسندگان
چکیده
منابع مشابه
The 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...
متن کاملComparative Advantage and Competitive Advantage:
There is a considerable amount of controversy about the model(s) of comparative advantage and its applicability to international business, in particular as a guide to the success of nations and/or firms in international markets. This perception (or understanding) of inapplicability of the model(s) of comparative advantage has lead international business experts to develop new models, or what ma...
متن کاملThe 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...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Evolution
سال: 2020
ISSN: 0014-3820,1558-5646
DOI: 10.1111/evo.13928