Kiyota, Kozo - Research Seminar in International Economics, University … - 2007
This paper reconsiders the law of comparative advantage (Deardorff, 1980, 1994) from an empirical point of view. I show … comparative advantage when trade is not balanced. This result brings into question the empirical success of the test of … comparative advantage that Bernhofen and Brown (2004) have applied to Japan. I propose a more general test that is consistent with …