Multilateral Comparative Advantage

Henry Thompson

No auwp2023-07, Auburn Economics Working Paper Series from Department of Economics, Auburn University

Abstract: This paper shows relative price competition based on comparative advantage can lead to diversified production and complex trade for more than two countries and two goods. The present paper develops the trade patterns for three and four countries and goods based on trade between the extreme countries in each relative price ranking with the directions of trade for middle countries depending on the terms of trade. The possible trade patterns include diversified exports, nontraded goods, nontrading countries, two-way trade in the same good, and separate trade groups.

Keywords: Comparative Advantage; Trade Patterns (search for similar items in EconPapers)
Date: 2023-07
New Economics Papers: this item is included in nep-int
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