Which revealed comparative advantage index to choose? Theoretical and empirical considerations

Jenny Paola Danna-Buitrago and Rémi Stellian

Revista CEPAL, 2022

Abstract: This article proposes guidelines for choosing an index of revealed comparative advantages (RCA) to analyse a given configuration of countries, products and periods. Following a systematic review of the main theoretical strengths and weaknesses inherent in RCA indices, a standardized method is designed to gauge the quality of their empirical measurement. This method is illustrated for Colombia and the Northern Triangle. The guidelines formalize a number of theoretical and empirical trade-offs that need to be weighed to provide a better basis for choosing an RCA index.

Date: 2022-12
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Persistent link: https://EconPapers.repec.org/RePEc:ecr:col070:48807

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