Comparative advantage, capital destruction, and hurricanes
نویسندگان
چکیده
منابع مشابه
Property rights, mobile capital, and comparative advantage
Recent papers show that imperfect property rights to a natural resource–a sector-specific factor– can be a source of comparative advantage. In these models, weaker property rights attract labor–the only mobile factor– to the resource sector, increasing the country’s comparative advantage for that sector. If capital in addition to labor is mobile, and if the benefits of capital are non-excludabl...
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This paper empirically investigates the effect of product cycle on comparative advantage for countries with different knowledge capital endowment. Product cycle is the exogenous nature of technology evolution in each industry. Longer product cycle means new discovery takes longer time to arise. Meanwhile the imitation of existing innovation is easier in industries with longer product cycles. St...
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 کاملWar and the Destruction of Human Capital
The identification of the effect of wars on human capital tends to focus on the population of school age children at the time of the conflict. Our paper introduces a methodology to estimate the effect of war on the stock of human capital by examining the changes in the presence of educated people after the Rwanda genocide. We find that the genocide reduced the stock of human capital in Rwanda s...
متن کاملCreative Destruction, Capital Accumulation, and Employment Cycles
A Schumpeterian growth model is constructed for an economy where wages are determined by union-firm bargaining. It is shown that the economy is subject to cycles in which capital, output and employment vary in fixed proportion. These increase through saving and capital accumulation until a new technology is introduced, at which moment they fall sharply due to obsolescence of capital. The labour...
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ژورنال
عنوان ژورنال: Journal of International Economics
سال: 2017
ISSN: 0022-1996
DOI: 10.1016/j.jinteco.2017.07.004