The comparative advantage fallacy and a rule for convergence

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cepal.bibLevelSección o Parte de un Documento
cepal.callNumberX/C 22(93/2007)
cepal.docTypeRevistas
cepal.idSade32798
cepal.topicEngINCLUSIVE DEVELOPMENT
cepal.topicSpaDESARROLLO INCLUSIVO
dc.contributor.authorAli, Anesa
dc.contributor.authorPérez Caldentey, Esteban
dc.date.accessioned2014-01-02T18:44:28Z
dc.date.available2014-01-02T18:44:28Z
dc.date.issued2007-12
dc.descriptionIncludes bibliography
dc.description.abstractThe gains from trade argument is based on the principle of comparative advantage. However, this principle is predicated on "tacit"axioms, presenting an argument which supports a proposition different tothe one it purports to prove. This paper presents an alternative treatment,using a leader-follower model to show that free trade can in fact accentuatedifferences and growth disparities between countries. More importantly, itargues that the follower economy can catch up with the leader economyonly if the ratio between the income-elasticity of the follower country's exports to the rest of the world and the income-elasticity of its imports isgreater than the ratio between the induced productivity of the leader andthat of the follower country. This is our rule for convergence.
dc.formatTexto
dc.format.extentpáginas. 125-136
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/G.2347-P
dc.identifier.urihttps://hdl.handle.net/11362/11236
dc.language.isoeng
dc.physicalDescriptionp. 125-136
dc.relation.isPartOfCEPAL Review
dc.relation.isPartOfNo93
dc.relation.isPartOfSeriesCEPAL Review
dc.relation.translationLanguagespa
dc.relation.translationRecordLa ventaja comparativa como falacia y una regla para la convergencia
dc.relation.translationUrihttps://hdl.handle.net/11362/11226
dc.rights.coarDisponible
dc.subject.unbisEngECONOMIC CONVERGENCE
dc.subject.unbisEngECONOMIC GAP
dc.subject.unbisEngECONOMIC GROWTH
dc.subject.unbisEngFREE TRADE
dc.subject.unbisEngMATHEMATICAL MODELS
dc.subject.unbisSpaCONVERGENCIA ECONOMICA
dc.subject.unbisSpaCRECIMIENTO ECONOMICO
dc.subject.unbisSpaDISPARIDAD ECONOMICA
dc.subject.unbisSpaLIBRE COMERCIO
dc.subject.unbisSpaMODELOS MATEMATICOS
dc.titleThe comparative advantage fallacy and a rule for convergence
dc.type.coarartículo
dspace.entity.typePublication
relation.isAuthorOfPublication2797448d-3c7f-4194-9e04-20c50021e222
relation.isAuthorOfPublication46b761e0-92ca-4c05-ba68-1f622b268d99
relation.isAuthorOfPublication.latestForDiscovery2797448d-3c7f-4194-9e04-20c50021e222
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