haku: @author Davis, D. / yhteensä: 18
viite: 8 / 18
| Tekijä: | Davis, D. |
| Otsikko: | Critical evidence on comparative advantage? North-north trade in a multilateral world |
| Lehti: | Journal of Political Economy
1997 : OCT, VOL. 105:5, p. 1051-1060 |
| Asiasana: | POLITICAL ECONOMY TRADE COMPARATIVE ADVANTAGE |
| Kieli: | eng |
| Tiivistelmä: | There are two principal theories of why countries trade: comparative advantage and increasing returns to scale. Which is most important in practice? The large volume of intra-OECD trade is frequently cited as critical evidence on this question. It is argued that comparative advantage, unlike scale economies, is uncapable of accounting for the large volume of trade between seemingly similar economies. This is a theoretical claim. In this paper, the author shows that it is possible to give an account of this trade based on comparative advantage. |
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