A General Model of Comparative Advantage and the North-South Trade

Yingfeng Xu

Journal of Economic Development, 2000, vol. 25, issue 2, 69-84

Abstract: Comparative advantage is the most important foundation for world trade. Yet comparative advantage is usually explained by a series of unrelated models. We present a general model that incorporates all three distinct sources of comparative advantage: differences in technologies, differences in factor endowments, and differences in external economies of scale. Apart from being a versatile teaching tool, this model is especially appropriate for describing the trade pattern between developed and developing economies and for analyzing some important issues of trade policy and industrialization relevant for developing economies.

Date: 2000
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.jed.or.kr/full-text/25-2/xu.PDF (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jed:journl:v:25:y:2000:i:2:p:69-84

Access Statistics for this article

Journal of Economic Development is currently edited by Sung Y. Park

More articles in Journal of Economic Development from Chung-Ang Unviersity, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Sung Y. Park ().