Property Rights, Mobile Capital, and Comparative Advantage

Larry Karp

No 25113, CUDARE Working Papers from University of California, Berkeley, Department of Agricultural and Resource Economics

Abstract: Recent papers use sector-specific factor models with mobile labor to show that imperfect property rights can be a source of comparative advantage. In these model, weaker property rights to the specific factor in a sector attract the mobile factor and increase the country's comparative advantage for that sector. If capital in addition to labor is mobile, and if the benefits of capital are non-excludable or if the degree of property rights is endogenous, a deterioration of property rights has ambiguous effects on comparative advantage. The presence of a second mobile factor also makes the relation between the equilibrium wage-rental ratio and the degree of property rights ambiguous.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Pages: 23
Date: 2003
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https://ageconsearch.umn.edu/record/25113/files/wp030942.pdf (application/pdf)

Related works:
Journal Article: Property rights, mobile capital, and comparative advantage (2005)
Working Paper: Property rights, mobile capital, and comparative advantage (2005)
Working Paper: Property Rights, Mobile Capital, and Comparative Advantage (2004)
Working Paper: Property Rights, Mobile Capital, and Comparative Advantage (2004)
Working Paper: Property rights, mobile capital, and comparative advantage (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ucbecw:25113

DOI: 10.22004/ag.econ.25113

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