The comparative advantage fallacy and a rule for convergence
Includes bibliography
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| Format: | Texto biblioteca |
| Language: | English |
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2007-12
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| Subjects: | CONVERGENCIA ECONOMICA, CRECIMIENTO ECONOMICO, DISPARIDAD ECONOMICA, LIBRE COMERCIO, MODELOS MATEMATICOS, ECONOMIC CONVERGENCE, ECONOMIC GAP, ECONOMIC GROWTH, FREE TRADE, MATHEMATICAL MODELS, |
| Online Access: | https://hdl.handle.net/11362/11236 |
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dig-cepal-11362-112362023-01-30T18:19:36Z The comparative advantage fallacy and a rule for convergence Ali, Anesa Pérez Caldentey, Esteban CONVERGENCIA ECONOMICA CRECIMIENTO ECONOMICO DISPARIDAD ECONOMICA LIBRE COMERCIO MODELOS MATEMATICOS ECONOMIC CONVERGENCE ECONOMIC GAP ECONOMIC GROWTH FREE TRADE MATHEMATICAL MODELS Includes bibliography The gains from trade argument is based on the principle of comparative advantage. However, this principle is predicated on "tacit"axioms, presenting an argument which supports a proposition different tothe one it purports to prove. This paper presents an alternative treatment,using a leader-follower model to show that free trade can in fact accentuatedifferences and growth disparities between countries. More importantly, itargues that the follower economy can catch up with the leader economyonly if the ratio between the income-elasticity of the follower country's exports to the rest of the world and the income-elasticity of its imports isgreater than the ratio between the induced productivity of the leader andthat of the follower country. This is our rule for convergence. 2014-01-02T18:44:28Z 2014-01-02T18:44:28Z 2007-12 Texto Sección o Parte de un Documento https://hdl.handle.net/11362/11236 LC/G.2347-P en CEPAL Review CEPAL Review 93 application/pdf |
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biblioteca |
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Biblioteca Hernán Santa Cruz |
| language |
English |
| topic |
CONVERGENCIA ECONOMICA CRECIMIENTO ECONOMICO DISPARIDAD ECONOMICA LIBRE COMERCIO MODELOS MATEMATICOS ECONOMIC CONVERGENCE ECONOMIC GAP ECONOMIC GROWTH FREE TRADE MATHEMATICAL MODELS CONVERGENCIA ECONOMICA CRECIMIENTO ECONOMICO DISPARIDAD ECONOMICA LIBRE COMERCIO MODELOS MATEMATICOS ECONOMIC CONVERGENCE ECONOMIC GAP ECONOMIC GROWTH FREE TRADE MATHEMATICAL MODELS |
| spellingShingle |
CONVERGENCIA ECONOMICA CRECIMIENTO ECONOMICO DISPARIDAD ECONOMICA LIBRE COMERCIO MODELOS MATEMATICOS ECONOMIC CONVERGENCE ECONOMIC GAP ECONOMIC GROWTH FREE TRADE MATHEMATICAL MODELS CONVERGENCIA ECONOMICA CRECIMIENTO ECONOMICO DISPARIDAD ECONOMICA LIBRE COMERCIO MODELOS MATEMATICOS ECONOMIC CONVERGENCE ECONOMIC GAP ECONOMIC GROWTH FREE TRADE MATHEMATICAL MODELS Ali, Anesa Pérez Caldentey, Esteban The comparative advantage fallacy and a rule for convergence |
| description |
Includes bibliography |
| format |
Texto |
| topic_facet |
CONVERGENCIA ECONOMICA CRECIMIENTO ECONOMICO DISPARIDAD ECONOMICA LIBRE COMERCIO MODELOS MATEMATICOS ECONOMIC CONVERGENCE ECONOMIC GAP ECONOMIC GROWTH FREE TRADE MATHEMATICAL MODELS |
| author |
Ali, Anesa Pérez Caldentey, Esteban |
| author_facet |
Ali, Anesa Pérez Caldentey, Esteban |
| author_sort |
Ali, Anesa |
| title |
The comparative advantage fallacy and a rule for convergence |
| title_short |
The comparative advantage fallacy and a rule for convergence |
| title_full |
The comparative advantage fallacy and a rule for convergence |
| title_fullStr |
The comparative advantage fallacy and a rule for convergence |
| title_full_unstemmed |
The comparative advantage fallacy and a rule for convergence |
| title_sort |
comparative advantage fallacy and a rule for convergence |
| publishDate |
2007-12 |
| url |
https://hdl.handle.net/11362/11236 |
| work_keys_str_mv |
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| _version_ |
1756512572804169728 |