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Technological Improvements and Comparative Advantage ReconsideredYochanan ShachmuroveThe City College of The City University of New York - Department of Economics; The University of Pennsylvania - Department of Economics Uriel SpiegelBar Ilan University - Department of Economics September 2006 PIER Working Paper No. 06-023 Abstract: Given a world consisting of two countries, two commodities, and two consumers, this paper analyzes the potential effects of the current global trend of shifting world productions with regards to consumer goods. When technological improvements occur in a developing country, would terms of trade remain favorable for a developed country? Would both countries benefit? Instances where one or both countries benefit are feasible. However the developed country may lose as a result of an improvement in the production of the good that previously had been exported by the developed country.
Number of Pages in PDF File: 11 Keywords: International trade, Samuelson, autarky equilibrium, comparative advantage, endowment shock JEL Classification: F0, F1, O, O1, O3, D51 working papers seriesDate posted: September 29, 2006Suggested CitationContact Information
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