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image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Review of World Econ...arrow_drop_down
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
Review of World Economics
Article . 1985 . Peer-reviewed
License: Springer TDM
Data sources: Crossref
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On the appropriate interpretation of the revealed comparative advantage index: Implications of a methodology based on industry sector analysis

Authors: Yeats, Alexander J.;

On the appropriate interpretation of the revealed comparative advantage index: Implications of a methodology based on industry sector analysis

Abstract

Zur richtigen Interpretation des RCA-Index: Folgerungen aus der Analyse von Industriesektoren. - In Studien, die sich mit Handel und struktureller Anpassung befassen, haben okonomen das Konzept des “revealed comparative advantage” (RCA) benutzt. Obwohl es in empirischen Untersuchungen hAufig verwendet wurde, sind wichtige Eigenschaften dieses Index aber noch nicht grundlich analysiert worden. In diesem Aufsatz wird ein Rahmen zur Untersuchung dieser Eigenschaften aufgestellt sowie die sich daraus ergebenden empirischen Tests durchgefuhrt. Die Ergebnisse zeigen, daΒ der Index, wenn er in der ublichen Weise benutzt wird, weder als kardinales noch als ordinales MaΒ fur komparative Vorteile geeignet ist. Daher wird eine Methode vorgeschlagen, die diese MAngel vermeidet und auΒerdem neue Einsichten in die komparativen Vorteile auf der Ebene von Industriesektoren vermittelt. SchlieΒlich wird dieser neue Ansatz in einem Konsistenztest angewandt, in dem die empirischen Ergebnisse des RCA-Modells mit denen verglichen werden, die mit Hilfe der traditionellen Faktorproportionentheorie vorhergesagt werden. A l’interpretation appropriee de l’indice de l’avantage comparatif revele: Implications d’une methodologie basee sur une analyse du secteur industriel. - Dans les etudes qui s’occupent des aspects du commerce exterieur et d’ajustement structurel les economistes ont utilise le concept de l’avantage comparatif revele (ACR). Malgre des applications extensives empiriques on n’a pas analyse profondement les proprietes principales de l’indice ACR. Cet article introduit une methode pour examiner ces proprietes et puis conduit les tests empiriques specifiques. Les resultats demontrent que l’indice, si utilise de maniere traditionelle, ne peut pas Etre une mesure cardinale ou ordinale de l’avantage comparatif. A cause de cela l’auteur propose une methodologie qui evite ces defauts et aussi rend possible des nouvelles connaissances sur l’avantage comparatif a l’echelle du secteur industriel. Finalement, ce nouvel approche est applique dans une analyse avec laquelle l’auteur teste la consistance entre des resultats empiriques generes par le concept ACR et ceux qui sont predits par la theorie traditionelle de la dotation en facteurs de production. Sobre la interpretation apropiada del indice de ventajas comparativas reveladas: implicaciones de una metodologfa basada en el analisis sectorial. - En estudios sobre problemas de comercio exterior y de ajuste estructural se ha utilizado el concepto de ventajas comparativas reveladas (VCR). Pero, a pesar de su frecuente uso en aplicaciones empiricas, las propiedades fundamentales de este fndice no han sido aun objeto de estudio. En el presente trabajo se deriva un marco de analisis para poder examinar esas propiedades y se llevan a cabo tests empiricos. Los resultados demuestran que el fndice fracasa como medida cardinal u ordinal de ventajas comparativas, si se lo emplea de manera tradicional. Teniendo en cuenta este hecho se propone un metodo que supera dichas desventajas a la vez que permite descubrir nuevos aspectos de las ventajas comparativas a nivel sectorial. Finalmente, este nuevo metodo es empleado para estudiar la consistencia de los resultados empiricos generados por el modelo VCR con aquellos generados por el modelo tradicional de proporcion de factores.

Country
Germany
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Keywords

330.economics, Article

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
104
Top 1%
Top 1%
Average
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