Comparative Advantage: Theory and Application to Developing Country Agriculture
This paper investigates the application of the principle of comparative advantage to policy analysis and policy formulation. It is concerned with both the theory and the measurement of comparative advantage. Despite its central role in economics, the theory is found to be at an impasse, with its use...
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| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Paris
OECD Publishing
1990
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| Series: | OECD Development Centre Working Papers
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| Subjects: | |
| Online Access: | Volltext |
| Summary: | This paper investigates the application of the principle of comparative advantage to policy analysis and policy formulation. It is concerned with both the theory and the measurement of comparative advantage. Despite its central role in economics, the theory is found to be at an impasse, with its usefulness confined mainly to the illustration of economic principles which in practice are not borne out by the evidence. The considerable methodological problems associated with the measurement of comparative advantage are highlighted in the paper. Attempts to derive indicators of comparative advantage, such as those associated with "revealed comparative advantage", "direct resource cost", "production cost" and "trade liberalisation" studies are reviewed. These methods are enlightening, but are unable to provide general perspectives which allow an analysis of dynamic comparative advantage. Comparative advantage, despite its centrality to economics, remains remote from policy ... |
| Physical Description: | 1 Online-Ressource (35 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/312277858021 |
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Record in the Search Index
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| physical | 1 Online-Ressource (35 Seiten) 21 x 29.7cm |
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| spelling | Goldin, Ian Verfasser aut Comparative Advantage Theory and Application to Developing Country Agriculture Ian Goldin Paris OECD Publishing 1990 1 Online-Ressource (35 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Development Centre Working Papers This paper investigates the application of the principle of comparative advantage to policy analysis and policy formulation. It is concerned with both the theory and the measurement of comparative advantage. Despite its central role in economics, the theory is found to be at an impasse, with its usefulness confined mainly to the illustration of economic principles which in practice are not borne out by the evidence. The considerable methodological problems associated with the measurement of comparative advantage are highlighted in the paper. Attempts to derive indicators of comparative advantage, such as those associated with "revealed comparative advantage", "direct resource cost", "production cost" and "trade liberalisation" studies are reviewed. These methods are enlightening, but are unable to provide general perspectives which allow an analysis of dynamic comparative advantage. Comparative advantage, despite its centrality to economics, remains remote from policy ... Development https://doi.org/10.1787/312277858021 Verlag kostenfrei Volltext |
| spellingShingle | Goldin, Ian Comparative Advantage Theory and Application to Developing Country Agriculture Development |
| title | Comparative Advantage Theory and Application to Developing Country Agriculture |
| title_auth | Comparative Advantage Theory and Application to Developing Country Agriculture |
| title_exact_search | Comparative Advantage Theory and Application to Developing Country Agriculture |
| title_exact_search_txtP | Comparative Advantage Theory and Application to Developing Country Agriculture |
| title_full | Comparative Advantage Theory and Application to Developing Country Agriculture Ian Goldin |
| title_fullStr | Comparative Advantage Theory and Application to Developing Country Agriculture Ian Goldin |
| title_full_unstemmed | Comparative Advantage Theory and Application to Developing Country Agriculture Ian Goldin |
| title_short | Comparative Advantage |
| title_sort | comparative advantage theory and application to developing country agriculture |
| title_sub | Theory and Application to Developing Country Agriculture |
| topic | Development |
| topic_facet | Development |
| url | https://doi.org/10.1787/312277858021 |
| work_keys_str_mv | AT goldinian comparativeadvantagetheoryandapplicationtodevelopingcountryagriculture |