The comparative advantage fallacy and a rule for convergence

Includes bibliography

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Autores principales:	Ali, Anesa, Pérez Caldentey, Esteban
Formato:	Texto
Lenguaje:	English
Publicado:	2014
Materias:	CONVERGENCIA ECONOMICA CRECIMIENTO ECONOMICO DISPARIDAD ECONOMICA LIBRE COMERCIO MODELOS MATEMATICOS ECONOMIC CONVERGENCE ECONOMIC GAP ECONOMIC GROWTH FREE TRADE MATHEMATICAL MODELS
Acceso en línea:	http://hdl.handle.net/11362/11236
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id	oai-11362-11236
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spelling	oai-11362-112362020-03-06T16:50:27Z The comparative advantage fallacy and a rule for convergence Ali, Anesa Pérez Caldentey, Esteban CONVERGENCIA ECONOMICA CRECIMIENTO ECONOMICO DISPARIDAD ECONOMICA LIBRE COMERCIO MODELOS MATEMATICOS ECONOMIC CONVERGENCE ECONOMIC GAP ECONOMIC GROWTH FREE TRADE MATHEMATICAL MODELS Includes bibliography The 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. 2014-01-02T18:44:28Z 2014-01-02T18:44:28Z 2007-12 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/11236 LC/G.2347-P en CEPAL Review CEPAL Review 93 application/pdf
institution	Cepal
collection	Cepal
language	English
topic	CONVERGENCIA ECONOMICA CRECIMIENTO ECONOMICO DISPARIDAD ECONOMICA LIBRE COMERCIO MODELOS MATEMATICOS ECONOMIC CONVERGENCE ECONOMIC GAP ECONOMIC GROWTH FREE TRADE MATHEMATICAL MODELS
spellingShingle	CONVERGENCIA ECONOMICA CRECIMIENTO ECONOMICO DISPARIDAD ECONOMICA LIBRE COMERCIO MODELOS MATEMATICOS ECONOMIC CONVERGENCE ECONOMIC GAP ECONOMIC GROWTH FREE TRADE MATHEMATICAL MODELS Ali, Anesa Pérez Caldentey, Esteban The comparative advantage fallacy and a rule for convergence
description	Includes bibliography
format	Texto
author	Ali, Anesa Pérez Caldentey, Esteban
author_facet	Ali, Anesa Pérez Caldentey, Esteban
author_sort	Ali, Anesa
title	The comparative advantage fallacy and a rule for convergence
title_short	The comparative advantage fallacy and a rule for convergence
title_full	The comparative advantage fallacy and a rule for convergence
title_fullStr	The comparative advantage fallacy and a rule for convergence
title_full_unstemmed	The comparative advantage fallacy and a rule for convergence
title_sort	comparative advantage fallacy and a rule for convergence
publishDate	2014
url	http://hdl.handle.net/11362/11236
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The comparative advantage fallacy and a rule for convergence

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