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- Title
EL MODELO RICARDIANO DE VENTAJA COMPARATIVA Y EL COMERCIO CONTEMPORÁNEO: EL CASO DEL SECTOR DE "EQUIPOS DE TRANSPORTE" EN LA INDUSTRIA MANUFACTURERA.
- Authors
Polanco, Henry Rosa
- Abstract
Does the ricardian model of comparative advantage have any contemporary empirical relevance for trade? This model suggests that trade is determined by relative labor productivity and relative unit labor costs (RULC). The core idea of this essay is to test the model with current data and analyze to what extent exports and bilateral trade of one Latin-American case within and specific sector of the manufacturing industry can be explained by it with statistical significance. The estimation results with OLS favor the model for most of the cases considered.
- Subjects
COLOMBIA; RICARDIAN Model of International Trade; MANUFACTURING industries; STATISTICAL significance; COMPARATIVE advantage (International trade); LABOR costs
- Publication
Ciencia y Sociedad, 2012, Vol 37, Issue 4, p529
- ISSN
0378-7680
- Publication type
Essay
- DOI
10.22206/cys.2012.v37i4.pp529-555