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The basis for the international division of labor and international trade is absolute rather than comparative advantage : theory and empirical evidence

Zhang, Xian; Fan, Jingyuan - In: World review of political economy : journal of the … 15 (2024) 3, pp. 338-373

According to the general consensus in academia, Ricardo's theory of international trade embodies the theory of … division of labor and of international trade, and is thus the negation of Smith's theory of absolute advantage. However, a … complete examination of Ricardo's theory of international trade shows that the comparative advantage determined by Ricardo on …

Persistent link: https://www.econbiz.de/10015325286

Observations of deglobalization against globalization and impacts on global business

Kim, Hag-Min; Li, Ping; Lee, Yea Rim - In: International trade, politics and development 4 (2020) 2, pp. 83-103

Purpose This study aims to investigate current deglobalization against globalization and to hypothesize reasons and drivers of deglobalization. In addition, the study suggests an empirical model to test whether deglobalization exists in the world economy. The consequences of deglobalization are...

Persistent link: https://www.econbiz.de/10012391081

Mapping of capabilities and export opportunities of Czechia

Sankot, Ondřej; Castro, Tereza de; Vlčková, Jana; … - In: Prague economic papers : a bimonthly journal of … 32 (2023) 2, pp. 159-183

Czechia is one of the most export-oriented countries, reaching high levels of economic complexity. However, its innovative capabilities remain limited. Taking these factors into consideration, we determined the country's optimal diversification path by identifying prospective export sectors...

Persistent link: https://www.econbiz.de/10014516192

Logistics input complexity and comparative advantage in manufacturing : based on the perspective of global value chains

Yang, Lei; Qianli, Dong; Tong, Ziqiang; Wu, Jiani; Yao, Hua - 2024

Logistics is an essential service for manufacturing because it supports the coordination and integration of global production activities, ultimately reducing costs and improving efficiency. However, it is not clear that the complex structural relationship between logistics and manufacturing...

Persistent link: https://www.econbiz.de/10015195796

Who will fill China's shoes? : the global evolution of labor-intensive mnufacturing

Hanson, Gordon H. - In: East Asian economic review 24 (2020) 4, pp. 313-336

Persistent link: https://www.econbiz.de/10012620024

Productivity, Welfare and Reallocation : Theory and Firm-Level Evidence

Basu, Susanto; Pascali, Luigi; Schiantarelli, Fabio - 2012

A considerable literature has focused on the determinants of total factor productivity (TFP), prompted by the empirical finding that TFP accounts for the bulk of long-term growth. This paper offers a deeper reason for such focus: the welfare of a representative consumer is summarized by current...

Persistent link: https://www.econbiz.de/10012551445

The VWRCA index : measuring a country's comparative advantage and specialization in services : the case of Poland

Wosiek, Roman; Visvizi, Anna - In: Economies : open access journal 9 (2021) 2, pp. 1-12

In the extant body of literature on the servitization of the economy, on the one hand, and determinants of growth and development, on the other, the classic question of revealed comparative advantage (RCA) plays a prominent role. Regardless of the popularity, relevance, and validity of the use...

Persistent link: https://www.econbiz.de/10012504297

Japan's export specialization in 2000-2020

Podoba, Zoia S.; Gorshkov, Victor A.; Ozerova, Anastasiya A. - In: Asia and the global economy : AGE 1 (2021) 2, pp. 1-9

By empirically examining the commodity structure of Japan's exports in 2000–2020, the authors have identified product groups with increased, diminished, newly emerged, and lost revealed comparative advantages (RCA). In 2020, Japan had RCA in 24 product groups with relatively high levels of...

Persistent link: https://www.econbiz.de/10012816225

The role of comparative advantage in enhancing trade in value-added using a dynamic gmm model

Wuri, Josephine - In: Economies : open access journal 12 (2024) 7, pp. 1-21

Currently, international trade has evolved into international production fragmentation captured in GVCs. Countries must enhance intermediate exports in comparative advantage sectors to increase their trade in value-added (TVA) in global production chains. However, traditional measurements of...

Persistent link: https://www.econbiz.de/10014636136

Differences in total factor productivity and the pattern of international trade

Bertsatos, Gerassimos; Tsounis, Nicholas - In: Economies : open access journal 12 (2024) 4, pp. 1-19

In this work, we develop a trade model that explains the pattern of trade between countries based on differences in total factor productivity (TFP) while also accounting for differences in relative factor endowments. The novelty stems from the introduction of production functions derived by...

Persistent link: https://www.econbiz.de/10014635942