Arbeitspapier
The evolution of comparative advantage: Measurement and implications
We estimate productivities at the sector level for 72 countries and 5 decades, and examine how they evolve over time in both developed and developing countries. In both country groups, comparative advantage has become weaker: productivity grew systematically faster in sectors that were initially at greater comparative disadvantage. These changes have had a significant impact on trade volumes and patterns, and a non-negligible welfare impact. In the counterfactual scenario in which each country's comparative advantage remained the same as in the 1960s, and technology in all sectors grew at the same country-specific average rate, trade volumes would be higher, cross-country export patterns more dissimilar, and intra-industry trade lower than in the data. In this counterfactual scenario, welfare is also 1.6% higher for the median country compared to the baseline. The welfare impact varies greatly across countries, ranging from ..1.1% to +4.3% among OECD countries, and from ..4.6% to +41.9% among non-OECD countries.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 2014-12
- Klassifikation
-
Wirtschaft
Neoclassical Models of Trade
Economic Growth of Open Economies
Technological Change: Choices and Consequences; Diffusion Processes
Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
- Thema
-
technological change
sectoral TFP
Ricardian models of trade
welfare
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Levchenko, Andrei A.
Zhang, Jing
- Ereignis
-
Veröffentlichung
- (wer)
-
Federal Reserve Bank of Chicago
- (wo)
-
Chicago, IL
- (wann)
-
2014
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Levchenko, Andrei A.
- Zhang, Jing
- Federal Reserve Bank of Chicago
Entstanden
- 2014
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