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Journal articles on the topic 'Theory of comparative advantage'

Author: Grafiati

Published: 4 June 2021

Last updated: 14 February 2022

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1

Hunt, Shelby D., and Robert M. Morgan. "The Comparative Advantage Theory of Competition." Journal of Marketing 59, no. 2 (1995): 1–15. http://dx.doi.org/10.1177/002224299505900201.

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A new theory of competition is evolving in the strategy literature. The authors explicate the foundations of this new theory, the “comparative advantage theory of competition,” and contrast them with the neoclassical theory of perfect competition. They argue that the new theory of competition explains key macro and micro phenomena better than neoclassical perfect competition theory. Finally, they further explicate the theory of comparative advantage by evaluating a market orientation as a potential resource for comparative advantage.

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2

Hunt, Shelby D., and Robert M. Morgan. "The Comparative Advantage Theory of Competition." Journal of Marketing 59, no. 2 (1995): 1. http://dx.doi.org/10.2307/1252069.

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3

Prasch, Robert E. "Reassessing the Theory of Comparative Advantage." Review of Political Economy 8, no. 1 (1996): 37–56. http://dx.doi.org/10.1080/09538259600000034.

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4

Reale, Filippo. "Comparative institutional advantage: an obituary." Journal of Institutional Economics 15, no. 4 (2018): 569–78. http://dx.doi.org/10.1017/s1744137418000474.

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AbstractThe article traces the remains of the theory of “comparative institutional advantage”, which was crucial during the early development of the “varieties of capitalism” approach to economics but fell into oblivion quickly afterwards. It follows the discussions of the concept over time and works out possible reasons – theoretical, methodological, and discursive – for the theory's decay. In conclusion, many arguments of the theory seem outdated today but it is a great witness to thezeitgeistof comparative political economy and institutional theory of the millennium.

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5

Jasiński, Leszek. "The Generalization of the Comparative Advantage Theory." Journal of Vasyl Stefanyk Precarpathian National University 4, no. 3-4 (2017): 21–33. http://dx.doi.org/10.15330/jpnu.4.3-4.21-33.

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Economic textbooks relate the principle of comparative advantage using examples of two products and two countries, the 2x2 case. We shall suggest an approach describing any finite number of products m and countries n, the mxn case, where m>2, n>2. For this purpose the linear programming will be used

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6

Golub, Stephen S., and Chang‐Tai Hsieh. "Classical Ricardian Theory of Comparative Advantage Revisited." Review of International Economics 8, no. 2 (2000): 221–34. http://dx.doi.org/10.1111/1467-9396.00217.

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7

Costinot, Arnaud, Dave Donaldson, Jonathan Vogel, and Iván Werning. "Comparative Advantage and Optimal Trade Policy *." Quarterly Journal of Economics 130, no. 2 (2015): 659–702. http://dx.doi.org/10.1093/qje/qjv007.

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Abstract The theory of comparative advantage is at the core of neoclassical trade theory. Yet we know little about its implications for how nations should conduct their trade policy. For example, should import sectors with weaker comparative advantage be protected more? Conversely, should export sectors with stronger comparative advantage be subsidized less? In this article we take a first stab at exploring these issues. Our main results imply that in the context of a canonical Ricardian model, optimal import tariffs should be uniform, whereas optimal export subsidies should be weakly decreasi

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8

Steuer, M. D., and Edward E. Leamer. "Sources of International Comparative Advantage, Theory and Evidence." Economica 54, no. 214 (1987): 269. http://dx.doi.org/10.2307/2554409.

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9

Smith, Alasdair, and Edward E. Leamer. "Sources of International Comparative Advantage: Theory and Evidence." Economic Journal 96, no. 383 (1986): 844. http://dx.doi.org/10.2307/2233012.

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10

Meoqui, J. M. "Comparative Advantage and the Labor Theory of Value." History of Political Economy 43, no. 4 (2011): 743–63. http://dx.doi.org/10.1215/00182702-1430301.

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11

Maskus, Keith E., and Edward E. Leamer. "Sources of International Comparative Advantage: Theory and Evidence." Journal of the American Statistical Association 80, no. 392 (1985): 1062. http://dx.doi.org/10.2307/2288576.

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12

Cukrowski, Jacek, and Manfred M. Fischer. "Theory of Comparative Advantage: Do Transportation Costs Matter?" Journal of Regional Science 40, no. 2 (2000): 311–22. http://dx.doi.org/10.1111/0022-4146.00176.

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13

Fletcher, Ian. "Why the theory of comparative advantage is wrong." International Journal of Pluralism and Economics Education 2, no. 4 (2011): 421. http://dx.doi.org/10.1504/ijpee.2011.046029.

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14

Copeland, Brian R., and Ashok Kotwal. "Product quality and the theory of comparative advantage." European Economic Review 40, no. 9 (1996): 1745–60. http://dx.doi.org/10.1016/0014-2921(95)00061-5.

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15

Morrow, Peter M. "Ricardian–Heckscher–Ohlin comparative advantage: Theory and evidence." Journal of International Economics 82, no. 2 (2010): 137–51. http://dx.doi.org/10.1016/j.jinteco.2010.08.006.

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16

Wang, Jin. "Rising Labor Cost and the Comparative Advantage of Chinese Textile Industry Analysis." Advanced Materials Research 331 (September 2011): 694–98. http://dx.doi.org/10.4028/www.scientific.net/amr.331.694.

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The textile industry is a typical labor-intensive industry, which is also one of the most comparative advantage industries of China. However, with rising labor cost in recent years, the comparative advantage of Chinese textile industry is facing challenges. Based on the theory of comparative advantage analysis, this article analyzes of the comparative advantages of Chinese textile industry based on the background of rising labor cost while propose that Chinese textile industry shall transfer the Comparative Advantage to Competitive Advantage.

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17

Wynne, José. "Wealth as a Determinant of Comparative Advantage." American Economic Review 95, no. 1 (2005): 226–54. http://dx.doi.org/10.1257/0002828053828626.

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This paper shows that a country’s wealth can be an important determinant of comparative advantage when access to credit differs across sectors of the economy. Wealthier nations exhibit a comparative advantage toward goods produced in sectors facing more severe financial imperfections. These sectors are typically populated by small firms. Empirically this paper documents that these sectors are also labor intensive. Consequently, this theory partially offsets traditional sources of comparative advantage and offers an explanation for Trefler’s missing trade mystery and the Leontief paradox. Furth

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18

Balogh, Jeremiás Máté, and Attila Jámbor. "The global competitiveness of European wine producers." British Food Journal 119, no. 9 (2017): 2076–88. http://dx.doi.org/10.1108/bfj-12-2016-0609.

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Purpose Comparative advantage is an important indicator in the analysis of international trade flow; however, in empirical studies on agriculture it is often neglected. The purpose of this paper is to analyse global comparative advantage in the European Union (EU) wine industry and to test the duration and stability of trade indices. Design/methodology/approach The paper applies the theory of comparative advantages by using the Balassa indices to European wine trade (based on the 16 biggest producers) data from the period 2000-2013. Moreover, it applies stability and duration analysis on compa

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19

Costinot, Arnaud, and Dave Donaldson. "Ricardo's Theory of Comparative Advantage: Old Idea, New Evidence." American Economic Review 102, no. 3 (2012): 453–58. http://dx.doi.org/10.1257/aer.102.3.453.

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When asked to name one proposition in the social sciences that is both true and non-trivial, Paul Samuelson famously replied: ‘Ricardo's theory of comparative advantage’. Truth, however, in Samuelson's reply refers to the fact that Ricardo's theory of comparative advantage is mathematically correct, not that it is empirically valid. In this paper we develop and implement an empirical test of Ricardo's ideas. We use novel agricultural data that describe the productivity in 17 crops of 1.6 million parcels of land in 55 countries around the world. We find that a regression of log observed output

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20

Dong, Baomin, and Siu-kee Wong. "A Theory of Comparative Advantage with Specialized Subnational Regions." Review of International Economics 25, no. 3 (2016): 567–77. http://dx.doi.org/10.1111/roie.12274.

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21

BILLIS, DAVID, and HOWARD GLENNERSTER. "Human Services and the Voluntary Sector: Towards a Theory of Comparative Advantage." Journal of Social Policy 27, no. 1 (1998): 79–98. http://dx.doi.org/10.1017/s0047279497005175.

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This article explores whether human service organisations in the voluntary sector possess characteristics which might assure them of possible comparative advantages over the for-profit and public sectors with respect to certain sorts of users. We argue that there are inherent structural characteristics of organisations in each sector (for example, ownership, stakeholders and resources) which predispose them to respond more or less sensitively to different states of ‘disadvantage’ experienced by their users. These states are defined as financial, personal, societal and community disadvantage. W

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22

Somale, Mariano. "Comparative Advantage in Innovation and Production." American Economic Journal: Macroeconomics 13, no. 3 (2021): 357–96. http://dx.doi.org/10.1257/mac.20180295.

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This paper develops a dynamic model of innovation and international trade in which agents can direct their research efforts to specific goods in the economy. Trade affects the direction of innovation through its impact on the expected market size for an invention, leading to a two-way relationship between trade and technology absent in standard quantitative Ricardian models. Following a theory-consistent strategy to estimate the extent of endogenous adjustments in technology, I find that they can account for about half of the observed variance in comparative advantage in production in a sample

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23

Weder, Rolf. "Linking Absolute and Comparative Advantage to Intra-Industry Trade Theory." Review of International Economics 3, no. 3 (1995): 342–54. http://dx.doi.org/10.1111/j.1467-9396.1995.tb00076.x.

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24

Schneider, Geoffrey E. "Sweden’s Economic Recovery and the Theory of Comparative Institutional Advantage." Journal of Economic Issues 41, no. 2 (2007): 417–26. http://dx.doi.org/10.1080/00213624.2007.11507029.

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25

Murphy, Ryan H. "Economics is whatever the comparative advantage of economists is: a comment on Leeson (2020)." Journal of Institutional Economics 16, no. 4 (2020): 553–56. http://dx.doi.org/10.1017/s1744137420000090.

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AbstractLeeson (2020) objects to the conflation of economics with applied econometrics, and argues that economics instead should be thought of as the implications of the assumption that individuals maximize, i.e. rational choice theory. But, narrowly defining economics in terms of method demands that we ignore alternative theoretical frameworks which potentially hold explanatory power about topics thought of as economics, all for the sake of a definition. I suggest that applying rational choice theory and applying econometrics became the comparative advantage for economists relative to other s

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26

Morisawa, Toma, Kotaro Hayashi, and Ikuo Mizuuchi. "Allocating 2 Types of Tasks to 2 Types of Robots Based on the Theory of Comparative Advantage." Abstracts of the international conference on advanced mechatronics : toward evolutionary fusion of IT and mechatronics : ICAM 2015.6 (2015): 209–10. http://dx.doi.org/10.1299/jsmeicam.2015.6.209.

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27

Klein, Ross A., and Janet Saltzman Chafetz. "Sex and Advantage: A Comparative Macro-Structural Theory of Sex Stratification." Social Forces 64, no. 3 (1986): 830. http://dx.doi.org/10.2307/2578844.

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28

Mason, Karen Oppenheim, and Janet Saltzman Chafetz. "Sex and Advantage: A Comparative, Macro-Structural Theory of Sex Stratification." Contemporary Sociology 14, no. 3 (1985): 359. http://dx.doi.org/10.2307/2071342.

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29

Nicolaides, Phedon. "Comparative advantage and growth: trade and development in theory and practice." International Affairs 67, no. 1 (1991): 160–61. http://dx.doi.org/10.2307/2621254.

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30

Noland, Marcus. "Sources of International Comparative Advantage: Theory and Evidence. Edward E. Leamer." Journal of Political Economy 94, no. 1 (1986): 231–34. http://dx.doi.org/10.1086/261371.

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31

MORISAWA, Toma, Kotaro HAYASHI, and Ikuo MIZUUCHI. "Comparative-Advantage-Theory-Based Multiple-Type Task Allocation to Heterogeneous Agents." Proceedings of JSME annual Conference on Robotics and Mechatronics (Robomec) 2016 (2016): 1A1–03b5. http://dx.doi.org/10.1299/jsmermd.2016.1a1-03b5.

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32

Palley, Thomas I. "Institutionalism and New Trade Theory: Rethinking Comparative Advantage and Trade Policy." Journal of Economic Issues 42, no. 1 (2008): 195–208. http://dx.doi.org/10.1080/00213624.2008.11507121.

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33

Beaudreau, Bernard C. "Competitive and Comparative Advantage: Towards a Unified Theory of International Trade." International Economic Journal 30, no. 1 (2016): 1–18. http://dx.doi.org/10.1080/10168737.2015.1136664.

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34

Deligonul, Z. Seyda, and S. Tamer Cavusgil. "Does the Comparative Advantage Theory of Competition Really Replace the Neoclassical Theory of Perfect Competition?" Journal of Marketing 61, no. 4 (1997): 65. http://dx.doi.org/10.2307/1252087.

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35

Deligönül, Z. Seyda, and S. Tamer Çavuşgil. "Does the Comparative Advantage Theory of Competition Really Replace the Neoclassical Theory of Perfect Competition?" Journal of Marketing 61, no. 4 (1997): 65–73. http://dx.doi.org/10.1177/002224299706100405.

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The Comparative Advantage Theory of Competition (CATC) is proposed by Hunt and Morgan (1995) to replace the Neoclassical Theory of Perfect Competition (NTPC). The new theory claims to offer a better explanation for key macro and micro phenomena. The authors’ purpose in this article is to evaluate the CATC's potential as a replacement for the neoclassical theory. They argue that (1) both the NTPC and CATC are offshoots of the exchange paradigm; furthermore, (2) the efficient theories in the exchange paradigm family cannot claim superiority over one another since a supracriterion for their conte

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36

van den Berghe, Pierre L. "Sex and Advantage: A Comparative, Macrostructural Theory of Sex Stratification.Janet Saltzman Chafetz." American Journal of Sociology 90, no. 6 (1985): 1350–52. http://dx.doi.org/10.1086/228221.

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37

Friel, Daniel. "Forging a comparative institutional advantage in Argentina: Implications for theory and praxis." Human Relations 64, no. 4 (2011): 553–72. http://dx.doi.org/10.1177/0018726710396244.

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This article argues that the incorporation of a revised version of the varieties of capitalism approach into international business literature and institution-based theory in strategy would enable scholars and practitioners to improve their understanding of how individual institutions and combinations thereof provide a basis for developing human resource practices suited to emerging markets. It elaborates on the varieties of capitalism approach by coining the term recessive institution to describe how firms draw on latent institutions to pursue policies not in accord with the dominant institut

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38

Chang, Pao-Li, and Yuting Chen. "Informal institutions and comparative advantage of South-based MNEs: Theory and evidence." Journal of Development Economics 148 (January 2021): 102566. http://dx.doi.org/10.1016/j.jdeveco.2020.102566.

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39

Shafir, Eldar B., Daniel N. Osherson, and Edward E. Smith. "The Advantage Model: A Comparative Theory of Evaluation and Choice under Risk." Organizational Behavior and Human Decision Processes 55, no. 3 (1993): 325–78. http://dx.doi.org/10.1006/obhd.1993.1036.

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40

Galliers, R. D., P. M. C. Swatman, and P. A. Swatman. "Strategic Information Systems Planning: Deriving Comparative Advantage from EDI." Journal of Information Technology 10, no. 3 (1995): 149–57. http://dx.doi.org/10.1177/026839629501000303.

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In this paper we argue that electronic data interchange (EDI) should not be viewed simply as a technological infrastructure, but as a technology which may enable an organization taking a strategic view to derive comparative advantage from utilizing it as part of a process of business re-engineering – in other words, as a sociotechnical entity. We suggest that strategic information systems planning (SISP) is a suitable superstructure within which EDI implementation may be considered from an appropriate strategic, as opposed to tactical, perspective. Finally we describe the theory and current pr

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41

Jia, Lijun, Maoguo Wu, and Yixuan Liu. "The Evolution of Measurement Methods of Comparative Advantage and New Trends in IntraProduct International Specialization." European Scientific Journal, ESJ 12, no. 7 (2016): 82. http://dx.doi.org/10.19044/esj.2016.v12n7p82.

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In the development and the evolution of international trade theory, comparative advantage has always been a core concept. A great deal of research pertains to the calculation methods of comparative advantage. However, most previous research on measurement methods of comparative advantage is mainly based on a country's import/export volume of a specific industry or product. Under the circumstances of contemporary intra-product international specialization, previous measurement methods are not appropriate. It is imperative to improve original measure methods of comparative advantage through stri

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42

Sun, Jing. "Compromise Theory of Transnational Operation of Chinese Small and Medium Enterprises and Empirical Analysis Under Economic Globalization." International Journal of Sustainable Economies Management 1, no. 3 (2012): 41–48. http://dx.doi.org/10.4018/ijsem.2012070104.

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Transnational operation of Chinese small and medium enterprises is an inevitable trend of enterprise’s survival and development under the condition of economic globalization. Currently, transnational operation of Chinese small and medium enterprises exist many issues needed to be addressed due to a lack of effective theories and on the basis of analysis of “comparative advantage,” “Internalization advantage,” and “The advantages of geographical location” of China’s medium and small enterprises, trying to propose “compromise” theories of transnational operation of Chinese small and medium enter

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43

Deb, Kaveri, and Partha Basu. "Indices of Revealed Comparative Advantage and their Consistency with the Heckscher-Ohlin Theory." Foreign Trade Review 46, no. 3 (2011): 3–28. http://dx.doi.org/10.1177/0015732515110301.

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44

Bernhofen, Daniel M., and John C. Brown. "A Direct Test of the Theory of Comparative Advantage: The Case of Japan." Journal of Political Economy 112, no. 1 (2004): 48–67. http://dx.doi.org/10.1086/379944.

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45

Acharya, Ram N., and Rafael Perez-Pena. "Role of Comparative Advantage in Biofuel Policy Adoption in Latin America." Sustainability 12, no. 4 (2020): 1411. http://dx.doi.org/10.3390/su12041411.

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The primary objective of this study is to evaluate whether renewable energy initiatives recently developed and implemented in Latin American and Caribbean countries are consistent with their national resource endowments, policy goals, and the general postulates of economic theory. Most classical and neoclassical theories suggest that international trade enhances economic efficiency and welfare of both parties involved in the exchange when they focus on producing and distributing products and services in which they have a comparative advantage. To achieve this goal, we analyze ethanol policy dr

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46

Nagel, Daniel, and Sorin Burnete. "Free Trade in Theory and Policy: Contemporary Challenges." Human and Social Studies 7, no. 2 (2018): 13–35. http://dx.doi.org/10.2478/hssr-2018-0012.

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Abstract Free trade denotes a state of international commercial relations premised on governments’ restraint from using policy instruments meant to favor indigenous industries against foreign competitors. According to the conventional trade theory advocated by classical and neo-classical thinkers, free trade makes little economic sense failing nations’ tendency to specialize based on comparative advantage, a concept with high persuasive influence despite the elapsing of time. Even though the comparative advantage rule has seldom been questioned per se, the free trade concept has been fiercely

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47

Tulla, Antoni F. "Sustainable Rural Development Requires Value-Added Activities Linked with Comparative Advantage: The Case of the Catalan Pyrenees." European Countryside 11, no. 2 (2019): 229–56. http://dx.doi.org/10.2478/euco-2019-0012.

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Abstract In a peripheral rural area like the Pyrenees, it is necessary to promote local resources, which can be converted in value-added activities with comparative advantages in relation with other areas. The Comparative Advantage Theory and Second-Best Option (SBO) methodology are presented here. Each local territory can develop activities or services, even though there are other places that may be more suitable for them, when these are the best specialization option for this territory. The idea of SBO methodology means engaging in activities that make it possible to achieve a comparative ad

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48

Kone, Salif. "USA–China Trade War in Light of the Limits of the Comparative Advantage Principle." Management and Economics Research Journal 5 (2019): 1. http://dx.doi.org/10.18639/merj.2019.961704.

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The trade war, which antagonizes today the United States and China, questions the free trade principle in international trade. To show the dangerousness of this trade war for the world economy, this paper explores the theoretical limits of the comparative advantage principle by analyzing the limitations of the applicability of the comparative costs and endowments criteria. We conclude that the international trade theories not based on the comparative advantage principle are the exception to the rule and therefore, cannot be used to justify the American positions, except to introduce a certain

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49

Dickson, Peter R. "The Static and Dynamic Mechanics of Competition: A Comment on Hunt and Morgan's Comparative Advantage Theory." Journal of Marketing 60, no. 4 (1996): 102–6. http://dx.doi.org/10.1177/002224299606000409.

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The author provides constructive criticism of Hunt and Morgan's (1995) promotion of the dynamic disequilibrium paradigm and explains why their comparative advantage and market orientation theory is not dynamic enough. He discusses what creates market diversity and comparative advantage, why competitive markets are more efficient, how competitive markets fail, and how management of failed markets can fail. The author's goal is to demonstrate the explanatory power of the dynamic paradigm and encourage the use of it to focus on how firms can learn to improve their competitive processes.

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50

Rossi, Ricardo Messias, and Marina Darahem Mafud. "Resource-advantage theory: uma revisão da literatura." Revista Pensamento Contemporâneo em Administração 8, no. 2 (2014): 35. http://dx.doi.org/10.12712/rpca.v8i2.356.

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Neste artigo é realizada uma revisão de literatura com intuito de apresentar o estado da arte da Resource-Advantage Theory (R-A). Em 1995, Shelby Hunt e Robert Morgan propuseram a R-A com intuito de apresentar uma nova abordagem sobre o processo de competição em economias de mercado. Segundo a R-A, a competição é uma constante luta pela obtenção de vantagens comparativas em recursos que propiciarão uma posição de vantagem competitiva no mercado e, consequentemente, desempenho financeiro superior. Por meio da análise de 107 artigos internacionais e 28 artigos nacionais, este estudo apresenta a

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