Open AccessThe Evolution of Measurement Methods of Comparative Advantage and New Trends in IntraProduct International Specialization
Author(s) -
Jia Liu,
Maoguo Wu,
Yixuan Liu
Publication year - 2016
Publication title -
european scientific journal
Language(s) - English
Resource type - Journals
eISSN - 1857-7881
pISSN - 1857-7431
DOI - 10.19044/esj.2016.v12n7p82
Subject(s) - comparative advantage , revealed comparative advantage , competitive advantage , product (mathematics) , index (typography) , comparative method , international trade , industrial organization , computer science , economics , business , marketing , mathematics , linguistics , geometry , world wide web , philosophy
In the development and the evolution of international trade theory, comparative advantage has always been a core concept. A great deal of research pertains to the calculation methods of comparative advantage. However, most previous research on measurement methods of comparative advantage is mainly based on a country's import/export volume of a specific industry or product. Under the circumstances of contemporary intra-product international specialization, previous measurement methods are not appropriate. It is imperative to improve original measure methods of comparative advantage through stripping overseas contents of exports, and putting forward a new measurement index reflecting the domestic contents of export.