La notion d'avantage comparatif peut-elle expliquer les choix de spécialisation industrielle ?

Jean-Pierre Chanteau

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Abstract: Can the theory of comparative advantage explain industrial specializations, which are a necessary condition for gaining from international trade ? In other words : what causal linking, in the very frame of that theory, leads managers to decide specializations according to the hierarchy of comparative advantages ? This article adresses this issue by analyzing the different ways by which industrial decisions are channelled to such specializations : firstly we disprove the "positive" theory of comparative advantage, for which it only takes the gain from international trade to bring on efficient industrial specializations ; then we show that the "monetary" theory of comparative advantage (arguing that a balance of payments disequilibrium brings on industrial constrains, leading to efficient specializations) is far more relevant, but suffers from its own limits. At last we infer that it is necessary to mix trade and industrial policies to gain from international openess.

Keywords: avantage comparatif; spécialisation industrielle; politique publique; échange international; gain; comparative advantage; industrial specialization; public policy (search for similar items in EconPapers)
Date: 2007-02
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Published in Economies et Société, série "Relations économiques internationales", P, N°38, 2007, 41 (2), pp.197-230

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00168829

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