Income distribution and vertical comparative advantage Theory and ...

Indeed, EU25 is a free trade area whose member countries exhibit massive differences both in terms of average income and inequality. It is thus ...

Along levels of income where this curve is increasing and convex, inequality increases aggregate demand for high quality varieties, more and more rapidly along ...

Income distribution and vertical comparative advantage - UCLouvain

In this paper, we investigate the relationship between a country's income distribu- tion and the quality of its exports.

Income distribution and vertical comparative advantage. Theory and ...

Along levels of income where the Engel curve for high-quality varieties is increasing and convex, inequality increases aggregate demand for high quality ...

Income distribution and vertical comparative advantage. Theory and ...

We show that while average income positively impacts the quality mix of a country's exports, the impact of inequality depends on the shape of ...

On absolute and comparative advantage in international trade

At a second stage, we introduce and formalize the conditions required for these countries to exhibit absolute cost advantages, based on wage disparities.

Domestic Institutions as a Source of Comparative Advantage

International trade generates wealth and power and this may be distributed either inclu- sively or exclusively.To the extent that specialization and trade ...

Trade in quality and income distribution: an analysis of the enlarged ...

supply-side determinants of vertical comparative advantage, income distribution impacts on the quality of varieties produced and exported by countries. For ...

An Elementary Theory of Comparative Advantage - MIT Economics

two countries. 4In the statistics literature, Karlin (1968) referred to log-supermodularity as total positivity of order 2.

Produced means of production and the chain of comparative ...

To put it shortly, this widely cited2 proposition establishes the possibility to rank industries by comparative advantage. Then, determining income distribution ...

Income Distribution as a Determinant of Comparative Advantage

This paper shows how the degree of credit-market imperfections affects the steady-state distributions of income and wealth, human capital investment, and the ...

Income Distribution, Product Quality, and International Trade

In the monopolistically-competitive equilibrium, each firm producing a differentiated product charges a fixed markup over its unit cost that depends on the ...

Income Distribution, Learning-by-Doing, and Comparative Advantage

Request PDF | Income Distribution, Learning-by-Doing, and Comparative Advantage | The paper examines the impact of the income distribution in a ...

[PDF] Rich, Poor and Luxury Trade in Luxury Goods in the World of ...

61 References ; Income distribution and vertical comparative advantage. Theory and evidence · H. LatzerF. Mayneris · 2012 ; Quality Differentiation in Trade : ...

Comparative Advantage and the Theory of Tariffs: A Multi-Country ...

Ronald W. Jones; Comparative Advantage and the Theory of Tariffs: A Multi-Country, Multi-Commodity Model, The Review of Economic Studies, Volume 28, Issue.

What Is Comparative Advantage? - Investopedia

Understanding Comparative Advantage ... Comparative advantage is one of the most important concepts in economic theory and a fundamental tenet of the argument ...

The Effects of International Unbundling of Production

monotonic changes in the world income distribution: top-bottom inequality increases and ... comparative advantage in producing capital-intensive intermediates.

Vertical Comparative Advantage - Taylor & Francis Online

Despite being the cornerstone of trade theory, the concept of comparative advantage remains an empirically and operationally weak concept.

Beyond Ricardo: Assignment Models in International Trade

According to in- equality (1), England has a comparative advantage in cloth and, if inequality (1) did not ... test the cross-sectional implications of David ...

Income Distribution, Product Quality, and International Trade ... - jstor

But, as Krugman (1980) argued, when transportation is costly and production features economies of scale, a large home market lends a competitive advantage to ...