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- Title
A closer look at revealed comparative advantage: Gross-versus value-added trade flows.
- Authors
Brakman, Steven; Van Marrewijk, Charles
- Abstract
The improved availability of value-added trade data allows us to identify more clearly what fragment in the production chain is internationally competitive in a particular country. Rather than focusing on particular sectors or examples, we determine the distributions of revealed comparative advantage (RCA) in terms of both gross exports and value-added for 40 countries. Systematically comparing these distributions reveals significant differences for RCA based on gross exports versus value-added data. Using data on the Great Recession as an example, we argue that value-added RCA is more informative regarding the workings of the real economy than gross sector RCA.
- Subjects
COMPARATIVE advantage (International trade); EXPORTS; GREAT Recession, 2008-2013; INTERNATIONAL trade; MARKET value added
- Publication
Papers in Regional Science, 2017, Vol 96, Issue 1, p61
- ISSN
1056-8190
- Publication type
Article
- DOI
10.1111/pirs.12208