The revealed comparative advantages of late-Victorian Britain

Arbeitspapier

This paper calculates indicators of revealed comparative advantage (RCA) and revealed symmetric comparative advantage (RSCA) for 17 British manufacturing industries for the years 1880, 1890, and 1900. The resulting indicators show that the late-Victorian 'workshop of the world' was at a marked comparative disadvantage in a number of manufacturing industries. The paper then proceeds to identify the factor determinants of Britain's manufacturing comparative advantages (disadvantages) using a four-factor Heckscher-Ohlin model that relies upon these indicators. In contrast with previous scholarship, the manufacturing comparative advantages of late-Victorian Britain were in the relatively labour non-intensive industries, and this pattern became more pronounced throughout the period. The paper concludes with the observation that the factor determinants of Britain's manufacturing comparative advantages appear closer to those of the United States than had traditionally been thought.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: EHES Working Papers in Economic History ; No. 97

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Neoclassical Models of Trade ; Empirical Studies of Trade ; Economic History: Manufacturing and Construction: Europe: Pre-1913 ; Economic History: Transport, Trade, Energy, Technology, and Other Services: Europe: Pre-1913
• Thema: comparative advantage ; Heckscher-Ohlin ; manufacturing ; Britain ; nineteenth century

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Varian, Brian D.
• Ereignis: Veröffentlichung
• (wer): European Historical Economics Society (EHES)
• (wo): s.l.
• (wann): 2016

Weitere Informationen

• Handle: http://hdl.handle.net/10419/247028
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ