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dc.contributor.author
Dvoskin, Ariel
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dc.contributor.author
Ianni, Guido
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dc.date.available
2022-08-29T15:45:02Z
dc.date.issued
2021-12
dc.identifier.citation
Dvoskin, Ariel; Ianni, Guido; Produced means of production and the chain of comparative advantages; Elsevier; Structural Change And Economic Dynamics; 59; 12-2021; 635-647
dc.identifier.issn
0954-349X
dc.identifier.uri
http://hdl.handle.net/11336/166832
dc.description.abstract
We study the effects of income distribution on comparative costs and show that the presence of produced means of production dramatically affects the possibility to build a “chain of comparative advantages” to explain the direction of trade. Specifically, we show that: i) comparative autarky costs are bad predictors of the trade pattern because comparative costs are no longer proportional to relative wages; ii) to ensure that a single break in the chain suffices to separate imported from exported commodities, at most one tradable capital good may be employed in production. With heterogeneous capital goods, the chain may need to be broken into many segments. iii) A change in the profit rate may alter the ordering of the links, even if the chain is well behaved for a constant profit rate. And iv) the plausibility of the chain of comparative advantages requiring multiple links for the same industry increases with the profit rate.
dc.format
application/pdf
dc.language.iso
eng
dc.publisher
Elsevier
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dc.rights
info:eu-repo/semantics/restrictedAccess
dc.rights.uri
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
dc.subject
CHAIN OF COMPARATIVE ADVANTAGE
dc.subject
COMPARATIVE COSTS
dc.subject
IMPORTED CAPITAL GOODS
dc.subject
PATTERN OF TRADE
dc.subject.classification
Economía, Econometría
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dc.subject.classification
Economía y Negocios
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dc.subject.classification
CIENCIAS SOCIALES
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dc.title
Produced means of production and the chain of comparative advantages
dc.type
info:eu-repo/semantics/article
dc.type
info:ar-repo/semantics/artículo
dc.type
info:eu-repo/semantics/publishedVersion
dc.date.updated
2022-08-25T13:52:05Z
dc.journal.volume
59
dc.journal.pagination
635-647
dc.journal.pais
Países Bajos
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dc.journal.ciudad
Amsterdam
dc.description.fil
Fil: Dvoskin, Ariel. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Banco Central de la República Argentina; Argentina. Universidad Nacional de San Martín; Argentina
dc.description.fil
Fil: Ianni, Guido. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Università Roma Tre III; Italia
dc.journal.title
Structural Change And Economic Dynamics
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dc.relation.alternativeid
info:eu-repo/semantics/altIdentifier/url/https://www.sciencedirect.com/science/article/pii/S0954349X21001387
dc.relation.alternativeid
info:eu-repo/semantics/altIdentifier/doi/http://dx.doi.org/10.1016/j.strueco.2021.10.006
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