The Impossibility of Global Absolute Advantage in the Heckscher-Ohlin Model of Trade

Murray Kemp and Koji Shimomura

Oxford Economic Papers, 1988, vol. 40, issue 3, 575-76

Abstract: If all firms are well informed and rational, it is not possible for a country to be more efficient than all other countries in producing an y particular commodity. For if a country were uniformly more efficient than other countries, it would have an incentive to share its superio r technology with them. Copyright 1988 by Royal Economic Society.

Date: 1988
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