scispace - formally typeset
Open AccessJournal ArticleDOI

Weak links in the chain of comparative advantage

Reads0
Chats0
TLDR
In this paper, the authors examined the proposition that trade in many commodities can be explained by a chain of comparative advantage and showed that trade accords with the ranking of goods by factor intensity if there are unequal factor prices, free trade, and only final goods.
Citations
More filters
Journal ArticleDOI

The nature and growth of vertical specialization in world trade

TL;DR: This paper found that vertical specialization accounts for 21% of these countries' exports, and grew almost 30% between 1970 and 1990, and also found that growth in vertical specialization accounted for 30% of the growth in these countries’ exports.
Book

Advanced International Trade : Theory and Evidence Ed. 2

TL;DR: The Advanced International Trade (AIT) as discussed by the authors is a classic graduate textbook in international trade that has been used widely by students and practitioners of economics for a long time to come.
Journal ArticleDOI

International Factor Price Differences: Leontief was Right!

TL;DR: In this paper, a modification of the HOV model that allows for factor-augmenting international productivity differences is used to explain much of the factor content of trade and the cross-country variation in factor prices.
Journal ArticleDOI

Factor Proportions and the Structure of Commodity Trade

TL;DR: The authors examined how factor proportions determine the structure of commodity trade and showed that countries that rapidly accumulate a factor see their production and export structures systematically shift towards industries that intensively use that factor.
Journal ArticleDOI

Why are Services Cheaper in the Poor Countries

TL;DR: In their important work on international comparisons of national incomes and of comparative price structure, Kravis, Heston and Summers (i982, p. 8) have noted that services are much cheaper in the relative price structure of a typical poor country than in that of a rich country as discussed by the authors.
References
More filters

Domestic production and foreign trade: the american capital position reexamined

TL;DR: The theory of comparative costs was originally developed in the writings of David Ricardo and other so-called classical economists of the late eighteenth and early nineteenth centuries as mentioned in this paper, and it still constitutes the basis of the modern theory of international trade.
Posted Content

Determinants of the Commodity Structure of US. Trade

TL;DR: Weiser and Jay as mentioned in this paper showed that the size of plants in export industries is considerably larger than in import-competing industries, and that the scale variable did not show up as significant in the various multiple regressions that included such variables as capital/ labor ratios by industry, proportions of various skill groups, and R&D efforts.