Comparative advantage, complexity, and volatility
نویسندگان
چکیده
منابع مشابه
Comparative Advantage, Complexity, and Volatility∗
Less developed countries tend to experience higher output volatility, a fact that is in part explained by their specialization in more volatile sectors. This paper proposes theoretical explanations for this pattern of specialization – with the complexity of the goods playing a central role. Specifically, less developed countries with lower institutional ability to enforce contracts, or alternat...
متن کاملNber Working Paper Series Comparative Advantage, Complexity and Volatility
We are grateful to Arnaud Costinot, Miklos Koren and workshop participants at the University of Michigan and the 2009 AEA Meetings for helpful suggestions. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer-revie...
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 کاملCareer Progression and Comparative Advantage
This paper constructs and structurally estimates a dynamic occupational choice model that has two distinct features. First, an occupation is vertically and horizontally differentiated by a multidimensional task complexity measure. This allows a simultaneous analysis of career progression and comparative advantage. Second, the model includes hundreds of occupations by characterizing all jobs by ...
متن کاملComparative advantage and heterogeneous firms
This paper examines how country, industry and firm characteristics interact in general equilibrium to determine nations’ responses to trade liberalization. When firms possess heterogeneous productivity, countries differ in relative factor abundance and industries vary in factor intensity, falling trade costs induce reallocations of resources both within and across industries and countries. Thes...
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ژورنال
عنوان ژورنال: Journal of Economic Behavior & Organization
سال: 2013
ISSN: 0167-2681
DOI: 10.1016/j.jebo.2012.11.004