Dark Spots in Trade Theory: Early Testing Attempts

Sorin Burnete ()
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Sorin Burnete: Lucian Blaga University of Sibiu

A chapter in Organizations and Performance in a Complex World, 2021, pp 27-37 from Springer

Abstract: Abstract The beginnings of the economic theory correspond to philosophers’ attempts to explain why and how do countries trade with each other. Yet even more puzzling was the question how should countries trade? It is no surprise that despite the formidable developments of the theory in the last 200 years plus, there still are dark spots in the economics of trade. Globalization has rendered the issue even murkier. Beside the fact that international trade cannot be insulated from other economic domains, which makes it inadequate for experiments, but even testing itself is cumbersome. Only, evidence on such a complex field as international trade is by no means easy to come by.

Keywords: Theory testing; Evidence; Comparative advantage (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-030-50676-6_3

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DOI: 10.1007/978-3-030-50676-6_3

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