Revealed Specialization: Evidence on U.S. International Services
Makoto Hisanaga ()
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Makoto Hisanaga: Institute of Economic Research, Kyoto University
No 645, KIER Working Papers from Kyoto University, Institute of Economic Research
This paper is an investigation of the comparative advantage structure of United States (U.S.) international trade in services. It appears that the U.S. has a strong comparative advantage in knowledge-based services. For this study, the author adopts the Revealed Comparative Advantage (RCA) index to analyze the comparative advantage structure, and demonstrates that variance in the RCA deviations indicates a similarity in the export structure between the U.S. and the world. This study also focuses on the role of multinational companies, linking microeconomic entities and the macroeconomic surroundings.
Keywords: Trade in Services; Intellectual Property Rights; Comparative Advantage; Competitive Advantage; Revealed Comparative Advantage (RCA); Multinational Companies; Offshoring (search for similar items in EconPapers)
JEL-codes: C02 F01 F23 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:kyo:wpaper:645
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