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The evolution of comparative advantage : measurement and welfare implications

Author: Andrei A Levchenko; Jing Zhang; National Bureau of Economic Research.
Publisher: Cambridge, Mass. : National Bureau of Economic Research, ©2011.
Series: Working paper series (National Bureau of Economic Research), no. 16806.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
Using an industry-level dataset of production and trade spanning 75 countries and 5 decades, and a fully specified multi-sector Ricardian model, we estimate productivities at the sector level and examine how they evolve over time in both developed and developing countries. We find that in both country groups, comparative advantage has become weaker: productivity grew systematically faster in sectors that were  Read more...
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Additional Physical Format: Print version:
Levchenko, Andrei A.
Evolution of comparative advantage.
Cambridge, Mass. : National Bureau of Economic Research, ©2011
(DLC) 2011656018
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Andrei A Levchenko; Jing Zhang; National Bureau of Economic Research.
OCLC Number: 703144620
Notes: "February 2011."
Title from http://www.nber.org/papers/16806 viewed Feb. 21, 2011.
Description: 1 online resource (52 pages) : illustrations.
Series Title: Working paper series (National Bureau of Economic Research), no. 16806.
Responsibility: Andrei A. Levchenko, Jing Zhang.

Abstract:

Using an industry-level dataset of production and trade spanning 75 countries and 5 decades, and a fully specified multi-sector Ricardian model, we estimate productivities at the sector level and examine how they evolve over time in both developed and developing countries. We find that in both country groups, comparative advantage has become weaker: productivity grew systematically faster in sectors that were initially at the greater comparative disadvantage. The global welfare implications of this phenomenon are significant. Relative to the counterfactual scenario in which an individual country's comparative advantage remained the same as in the 1960s, and technology in all sectors grew at the same country-specific average rate, welfare today is 1.9% lower for the median country. The welfare impact varies greatly across countries, ranging from -0.5% to +6% among OECD countries, and from -9% to +27% among non-OECD countries. Contrary to frequently expressed concerns, changes in developing countries' comparative advantage had virtually no impact on welfare in the developed countries.

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