Competitive versus comparative advantage

DC FieldValueLanguage
dc.contributor.authorNeary, J. Peter-
dc.date.accessioned2009-07-29T12:12:00Z-
dc.date.available2009-07-29T12:12:00Z-
dc.date.issued2002-08-
dc.identifier.other200219en
dc.identifier.urihttp://hdl.handle.net/10197/1325-
dc.description.abstractI 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 sense of a uniform fall in home costs tends to raise home output in all sectors but also leads both countries to specialise less in accordance with comparative advantage.en
dc.description.sponsorshipEconomic and Social Research Council (ESRC)en
dc.format.extent380946 bytes-
dc.format.mimetypeapplication/pdf-
dc.language.isoenen
dc.publisherUniversity College Dublin. School of Economicsen
dc.relation.ispartofseriesUCD Centre for Economic Research Working Paper Seriesen
dc.relation.ispartofseriesWP02/19en
dc.subjectComparative and absolute advantageen
dc.subjectComparative and competitive advantageen
dc.subjectExchange-rate protectionen
dc.subjectGOLE (General Oligopolistic Equilibrium)en
dc.subjectMarket integrationen
dc.subject.classificationF10en
dc.subject.classificationF12en
dc.subject.lcshComparative advantage (International trade)en
dc.subject.lcshInternational tradeen
dc.subject.lcshOligopoliesen
dc.subject.lcshCompetitionen
dc.titleCompetitive versus comparative advantageen
dc.typeWorking Paperen
dc.internal.authoridUCD0042en
dc.internal.availabilityFull text availableen
dc.internal.webversionshttp://www.ucd.ie/economics/research/papers/2002/WP02.19.pdf-
dc.statusNot peer revieweden
dc.neeo.contributorNeary|J. Peter|aut|-
item.grantfulltextopen-
item.fulltextWith Fulltext-
Appears in Collections:Economics Working Papers & Policy Papers
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