Property rights, mobile capital, and comparative advantage

Larry Karp

Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series from Department of Agricultural & Resource Economics, UC Berkeley

Abstract: Recent papers show that imperfect property rights to a natural resource - a sector-specific factor - can be a source of comparative advantage. In these models, weaker property rights attract labor - the only mobile factor - to the resource sector, increasing 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 and on the equilibrium wage/rental ratio. (c) 2005 Elsevier B.V. All rights reserved.

Keywords: imperfect property rights; comparative advantage; general equilibrium (search for similar items in EconPapers)
Date: 2005-08-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://www.escholarship.org/uc/item/78j254qb.pdf;origin=repeccitec (application/pdf)

Related works:
Journal Article: 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)
Working Paper: Property rights, mobile capital, and comparative advantage (2003)
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:cdl:agrebk:qt78j254qb

Access Statistics for this paper

More papers in Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series from Department of Agricultural & Resource Economics, UC Berkeley Contact information at EDIRC.
Bibliographic data for series maintained by Lisa Schiff ().