Resource supplies and changing world agricultural comparative advantage

James A. Tobey and G.V. Chomo

Agricultural Economics, 1994, vol. 10, issue 3, 207-217

Abstract: This paper advances consideration of the Heckscher–Ohlin (H‐O) theory of comparative advantage to agriculture in a dynamic setting. The dynamic relationship among trade flows, resource supplies, and factor contents is studied. The view that special circumstances in the agricultural sector render the H‐O theory inapplicable as a guide to agricultural trade is challenged. Consistent with the H‐O theory, the results suggest that changing world patterns of resource abundance are an important explanation of the evolving structure of world trade in agriculture commodities.

Date: 1994
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Persistent link: https://EconPapers.repec.org/RePEc:bla:agecon:v:10:y:1994:i:3:p:207-217

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