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The paper reviews and compare a selection of existing and new alternative indicators of Revealed Comparative Advantages, with a special emphasis on trade in intermediate products. The research adopts a statistical approach for both its theoretical and its analytical facets. The formal concepts...
Persistent link: https://www.econbiz.de/10014091275
, and Italy, to the establishment of an effective and ‘permanent’ direct sea-route between Italy and north-west Europe from … routes associated with them, and with a forced shift to the maritime trading routes between Italy and north-west Europe … textiles from north-west Europe were exported to Italy and the Mediterranean basin, because, inter alia, the overland distance …
Persistent link: https://www.econbiz.de/10005036845
A strong motivation to replace the comparative advantage theory with the competitive advantage theory is given by the significant change of the present economic conditions comparing with the old conditions that inspired the competitive advantage issues. The dynamic character of the market...
Persistent link: https://www.econbiz.de/10005835900
in Italy: principally Tuscany and Lombardy. In so far as warfare and rising transaction costs limited the importation of …
Persistent link: https://www.econbiz.de/10005836279
This paper constructs a two-country (Home and Foreign) general equilibrium model of Schumpeterian growth without scale effects. The scale effects property is removed by introducing a distinct specification in the knowledge production function which generates semi-endogenous growth. In this model...
Persistent link: https://www.econbiz.de/10005836293
Trading blocks can help or hinder the liberalization of world trade. A determining factor is whether trade within the block is organized around traditional comparative advantages, or around economies of scale. Regional free trade agreements such as NAFTA can be a substitutes for global free...
Persistent link: https://www.econbiz.de/10005836870
Today’s international trade in goods is driven mainly by the growth of exports and imports of the South. Emerging countries naturally gain global market shares in manufactured goods from old industrialised countries, including Europe. This trend has became even more pronounced during the last...
Persistent link: https://www.econbiz.de/10011258001
A two country, three sector hybrid model of structural change with distortionary government policies is used to quantify the impact of international trade and trade reform for industrialization. The model features Arming- ton motivated trade in agriculture and industry, and a novel...
Persistent link: https://www.econbiz.de/10011258875
In an increasingly integrated world with declining trade barriers, environmental regulations can have a decisive role in shaping countries’ comparative advantages. The conventional wisdom about environmental protection is that it comes at an additional cost on firms imposed by the government,...
Persistent link: https://www.econbiz.de/10011260076
National averages conceal powerful interactions underlying English economic development in the seventeenth and eighteenth centuries. The simplest operational divisions are north, south and London. Initially industry and business culture predominated in the south but this culture was seduced by...
Persistent link: https://www.econbiz.de/10008855238