The Impossibility of Global Absolute Advantage in the Heckscher-Ohlin Model of Trade.

If all firms are well informed and rational, it is not possible for a country to be more efficient than all other countries in producing an y particular commodity. For if a country were uniformly more efficient than other countries, it would have an incentive to share its superio r technology with them. Copyright 1988 by Royal Economic Society.

MoreLess

Year of publication:	1988
Authors:	Kemp, Murray C ; Shimomura, Koji
Published in:	Oxford Economic Papers. - Oxford University Press. - Vol. 40.1988, 3, p. 575-76
Publisher:	Oxford University Press

More details

Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005564414