Absolute advantages and capital mobility in international trade theory
| Autor: | Enrico Bellino, Saverio Maria Fratini |
|---|---|
| Přispěvatelé: | Bellino, E., Fratini, S. M. |
| Jazyk: | angličtina |
| Rok vydání: | 2022 |
| Předmět: |
General Arts and Humanities
Economics Econometrics and Finance (miscellaneous) Absolute advantage specialisation Context (language use) Capital mobility Settore SECS-P/01 - ECONOMIA POLITICA Microeconomics absolute advantage History and Philosophy of Science Absolute (philosophy) Capital (economics) Rate of profit Economics Comparative advantage |
| DOI: | 10.1080/09672567.2021.1967418 |
| Popis: | Capital mobility has the potential of undermining the validity of Ricardo’s theory of comparative advantage. Within this context, the tendency towards a uniform rate of profit makes absolute costs relevant for the analysis of specialisation patterns. A historical and analytical reconstruction is presented of a few significant contributions addressing this point, with a particular focus on the possibility of exclusion from trade and production “desertification” caused by a country’s low profitability of capital. A generalisation of a result obtained by Parrinello is provided. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|