Search results for "Comparative Advantage"
showing 10 items of 27 documents
Impact of Trade Area Environment on Bank’s Comparative Advantages
2004
This paper analyzes the relationship between the comparative advantages of bank branches and the trade area environment. Bank branches are points of sale whose trade environment influences their activities and performance. Comparative advantages are defined, for each output mix, by the strict dominance of a production technology in a specific trade area over the production technologies of other environments. Using Shephard’s output distance functions on a sample of 728 bank branches, we compare the production technologies for different output mixes and different trade environments. We show that none of the production technologies strictly dominates the others and none of them is strictly do…
Changes in the international wine market competitiveness
2017
This study offers a contribution to understanding the complexity of the international wine trade analysing the specialisation patterns of 14 among the most important wine world actors in the period 2007â2016, in order to verify if the patterns of comparative advantages for the trade of this countries have experienced significant changes. Using the Lafay index, as a comparative advantage measure, our results reveal deep changes in the global wine market exchange. Our result constitutes a base element for the future development of the competitive scenario and provides some both theoretical and practical implications. In the baseline projection, the maintenance of the competitive position is…
El mercado mundial de vino y la competitividad de los países del Hemisferio Sur, 1961-2010
2014
<p><strong></strong>El mercado mundial del vino ha sufrido cambios intensos en las últimas décadas tras un fuerte incremento de la competitividad de los países exportadores del hemisferio sur. Su dinamismo y el aumento de la demanda de los nuevos países consumidores han acelerado el proceso de globalización del vino. En este contexto, analizamos la competencia mundial y los principales cambios en el comercio global de vinos desde 1961 hasta 2010. El artículo muestra la distribución relativa de las exportaciones en el Viejo y el Nuevo Mundo y examina la ventaja comparativa del comercio exterior a través del índice de ventaja comparativa revelada (VCR). Concluye mostrando la…
The Theory of the Flying Geese Pattern of Development and Its Interpretations
1994
An interpretation is made of Akamatsu Kaname's theory of the flying geese pattern of development, launched in Japan during the 1930s. This theory explains how an undeveloped country can become developed relatively quickly. The undeveloped country adopts suitable labour-intensive industries from more developed countries. It produces first for the home market, but starts to export as soon as the industries have grown strong enough. Initially, products are simple, crude and cheap, but gradually the level of quality is elevated. The procedure is repeated over and over again, leading to a rapid process of national economic development. In Japanese postwar industrial policy, certain industries w…
Sub‐regional integration in the MENA region and the euro‐mediterranean free trade area
1999
The creation of a new Euro‐Mediterranean region in which to build a shared prosperity area requires existing North‐South economic integration to be complemented by South‐South trade liberalization. Trade links among the southern and eastern Mediterranean countries have remained at a very low level. There is room for greater commercial integration, although the scope for an increase in intra‐regional trade volume is limited. Trade liberalization could lead to a relocation of resources according to comparative advantage and to the growth of intra‐industry trade. However, some economic instruments are required both in order to allay political fears and in order to upgrade transport, communicat…
The contribution of granular and fundamental comparative advantage to European Union countries' export specialisation
2020
This paper analyses the contribution of fundamental comparative advantage (a country‐specific component) and granular comparative advantage (a firm‐specific component) to European Union countries' export specialisation. We find that, on average, granular comparative advantage may explain export specialisation in 29% of industries, which account for 47% of total exports. We also show that 60% of the variation in export specialisation across countries and industries may be explained by granular comparative advantage. These results highlight that some outstanding firms may play a very important role in explaining European Union countries' export specialisation.
La competitivitŕ del comparto florovivaistico del Mezzogiorno d'Italia sul mercato internazionale
2009
The international competitiveness of flowers and ornamental plant sector of the Italian "Mezzogiorno" area - In the last few years the Italian flower and ornamental plant sector has been characterized by a significant dynamicity, becoming one of the most important sectors of the Italian agricultural system. In terms of competitiveness, however, the above sector has faced several market crises due to the globalization process which has brought about an increasing supply of flower and ornamentals in the world market. In a national context, Mezzogiorno is an important area in terms of production source for flowers and ornamental plants, in relation to both extremely favourable climatic conditi…
Testing the Role of Comparative Advantage and Learning in Wage and Promotion Dynamics
2012
PurposeThe purpose of this paper is to investigate empirically whether job assignment, based on comparative advantage and learning about workers’ abilities, can explain wage and promotion dynamics within firms.Design/methodology/approachThe Gibbons and Waldman model is estimated in a generalized method of moments (GMM) framework using a unique data set on white‐collar workers in Norway, for the years 1987‐1997. The estimation is carried out on two occupational groups: technical and administrative white‐collar workers.FindingsThe placing of workers in a given position within a firm's hierarchy is based on comparative advantage. Both measurable and unmeasurable skills are important. This hold…
Avantages comparatifs et dynamiques de spécialisation : le cas des pays africains.
2021
In this thesis we analyze the mechanisms linking trade openness and industrialization patterns. We are particularly interested in developing countries, especially those belonging to the African continent, because of their particular form of production specialization— essentially based on agricultural and mining products. Our goal is to better understand the evolution of these forms of specialization in order to identify possible paths of industrial development. Chapter 1 provides a comprehensive overview of the literature on the theoretical determinants of international specialization and pays particular attention to theories emphasizing a dynamic view of comparative advantage. This chapter…
THE BETWEEN-COUNTRY INEQUALITY: DOES IT HINDER THE COMPETITIVENESS?
2012
Nowadays the competitiveness is the significant premise to enhance the inhabitants well being. From this perspective on competitiveness has been given great attention in the literature and competitiveness hindrances have been studied as well. However the link between inequality and competitiveness is less studied, particular in case of the European Union. Thereby the author attempts to clarify the role of the between-country income inequality in hindering the competitiveness.The data analysis shows that lower income countries have less ability towards strengthening the nation economy competitiveness thereby reducing overall European Union competitiveness level. Obviously the country's compe…