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| Author: | Neary, J. P. |
| Title: | Competitive versus Comparative Advantage |
| Journal: | World Economy
2003 : APR, VOL. 26:4, p. 457-470 |
| Index terms: | COMPETITION COMPARATIVE ADVANTAGE ECONOMICS |
| Language: | eng |
| Abstract: | The paper uses simple geometric tools to explore the interactions between comparative, competitive and absolute advantage in a two-country model of oligopoly in general equilibrium. The model allows for oligopolistic interaction between firms, so it can address the issue of changes in the degree of competition in an economy, and it allows a country to exit some sectors while at the same time entering others. The model can be used to examine economy- wide production and trade patterns, and to track the links between goods and factor markets. These results show that factor productivity and firm competition interact in complex ways, and so this paper can be seen as a partial attempt to formalise the determination of national competitive advantage. |
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