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