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Current general comparative advantages in international trade

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  • Veselin Hadjiev

Abstract

The article focuses on a new aspect of the measurement of comparative advantages, resp. specialization of exports as a supplement to the classical approaches of Bela Balassa and Thomas Vollrath. The suggested approach sums up the diverse expression of comparative advantages according to commodity groups and countries and derives the current exports specialization regularity for international trade.For this purpose a vector was set up of the general comparative advantages for each country, based on the Euclidean Space. The countries are classified by means of hierarchy cluster analysis into relatively uniform groups in terms of exports specialization.

Suggested Citation

  • Veselin Hadjiev, 2014. "Current general comparative advantages in international trade," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 65-79.
    • Handle: RePEc:bas:econth:y:2014:i:4:p:65-79
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    References listed on IDEAS

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    7. Thomas Vollrath, 1991. "A theoretical evaluation of alternative trade intensity measures of revealed comparative advantage," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 127(2), pages 265-280, June.
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    More about this item

    JEL classification:

    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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