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Perfect Competition and Endogenous Comparative Advantage

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  • Durkin, John T, Jr

Abstract

This paper analyzes a dynamic Ricardian model of international trade in which relative differences in technology are endogenously determined by investments in innovation by competitive firms. It considers the impact of these investments on trade patterns and the effect of trade patterns on rates of innovation and growth. The main result is that the dynamic effects of trade need not be positive when both countries specialize investments in the goods in which they have a comparative advantage. In addition, trade can lead to an inefficient pattern of specialization in innovation and have negative welfare effects. Copyright 1997 by Blackwell Publishing Ltd.

Suggested Citation

  • Durkin, John T, Jr, 1997. "Perfect Competition and Endogenous Comparative Advantage," Review of International Economics, Wiley Blackwell, vol. 5(3), pages 401-411, August.
    • Handle: RePEc:bla:reviec:v:5:y:1997:i:3:p:401-11
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    Cited by:

    1. Sonali Deraniyagala & Ben Fine, 2000. "New Trade Theory Versus Old Trade Policy: A Continuing Enigma," Working Papers 102, Department of Economics, SOAS University of London, UK.
    2. World Bank, 2005. "The Cost of Doing Business in Africa : Evidence from the World Bank’s Investment Climate Data," World Bank Publications - Reports 8769, The World Bank Group.

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