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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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Paris
OECD Publishing
1990
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Schriftenreihe: | OECD Development Centre Working Papers
no.16 |
Schlagworte: | |
Online-Zugang: | Volltext |
Zusammenfassung: | 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 ... |
Beschreibung: | 1 Online-Ressource (35 p.) 21 x 29.7cm. |
DOI: | 10.1787/312277858021 |
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spelling | Goldin, Ian VerfasserIn aut Comparative Advantage Theory and Application to Developing Country Agriculture Ian, Goldin Paris OECD Publishing 1990 1 Online-Ressource (35 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Development Centre Working Papers no.16 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 FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/312277858021 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_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 |