European economic integration: Comparative advantages and free trade of the means of production
Structural Change and Economic Dynamics, 2019, vol. 51, issue C, 491-504
One of the most well-known theories of international trade suggests that when markets are left free to operate, countries should specialise according to their Comparative Advantages (CAs). However, the results provided by Boglioni and Zambelli (2017) suggest that CAs do not seem to have worked in Europe during the period 1995–2011.
Keywords: Comparative advantages; Net product possibility frontier; European integration; Means of production (search for similar items in EconPapers)
JEL-codes: E1 E23 F15 F42 P11 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:streco:v:51:y:2019:i:c:p:491-504
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