MARC Record from Library of Congress

LEADER: 02265nam a22002897a 4500
001 2011656018
003 DLC
005 20110517183759.0
007 cr |||||||||||
008 110517s2011 mau sb 000 0 eng
010 $a 2011656018
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aLevchenko, Andrei A.
245 14 $aThe evolution of comparative advantage$h[electronic resource] :$bmeasurement and welfare implications /$cAndrei A. Levchenko, Jing Zhang.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2011.
490 1 $aNBER working paper series ;$vworking paper 16806
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 5/17/2011.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"es.Using an industry-level dataset of production and trade spanning 75 countries and 5 decades, and a fully specified multi-sector Ricardian model, we estimate productivities at the sector level and examine how they evolve over time in both developed and developing countries. We find that in both country groups, comparative advantage has become weaker: productivity grew systematically faster in sectors that were initially at the greater comparative disadvantage. The global welfare implications of this phenomenon are significant. Relative to the counterfactual scenario in which an individual country's comparative advantage remained the same as in the 1960s, and technology in all sectors grew at the same country-specific average rate, welfare today is 1.9% lower for the median country. The welfare impact varies greatly across countries, ranging from -0.5% to +6% among OECD countries, and from -9% to +27% among non-OECD countries. Contrary to frequently expressed concerns, changes in developing countries' comparative advantage had virtually no impact on welfare in the developed countries"--National Bureau of Economic Research web site.
700 1 $aZhang, Jing.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 16806.
856 40 $uhttp://www.nber.org/papers/w16806