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Competitive versus Comparative Advantage.

Abstract:

I explore the interactions between comparative, competitive and absolute advantage in a two-country model of oligopoly in general equilibrium. Comparative advantage always determines the direction of trade, but both competitive and absolute advantage affect resource allocation, trade patterns and trade volumes. Competitive advantage in the sense of more home firms drives foreign firms out of marginal sectors but also makes some marginal home sectors uncompetitive. Absolute advantage in the se...

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Publisher copy:
10.1111/1467-9701.00532

Authors


J. Peter Neary More by this author
Journal:
World Economy
Volume:
26
Issue:
4
Publication date:
2003-06-05
DOI:
URN:
uuid:fb9467c0-740b-4bde-bfc7-483e9ac99353
Local pid:
oai:economics.ouls.ox.ac.uk:11540
Language:
English

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