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The gains from specialization and population size

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  • Ruffin, Roy J.
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    Abstract

    This note combines three ideas: the association of more people with new goods, the comparative advantages of individuals, and economic happiness. People may not be happier in a larger knowledge economy, but the gains from specialization are necessarily larger.

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    Bibliographic Info

    Article provided by Elsevier in its journal Economics Letters.

    Volume (Year): 105 (2009)
    Issue (Month): 1 (October)
    Pages: 76-77

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    Handle: RePEc:eee:ecolet:v:105:y:2009:i:1:p:76-77

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    Web page: http://www.elsevier.com/locate/ecolet

    Related research

    Keywords: Comparative advantage Population Innovation Happiness;

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    1. Ruffin, Roy J, 1988. "The Missing Link: The Ricardian Approach to the Factor Endowments Theory of Trade," American Economic Review, American Economic Association, vol. 78(4), pages 759-72, September.
    2. Paul M Romer, 1999. "Increasing Returns and Long-Run Growth," Levine's Working Paper Archive 2232, David K. Levine.
    3. Oswald, Andrew J, 1997. "Happiness and Economic Performance," Economic Journal, Royal Economic Society, vol. 107(445), pages 1815-31, November.
    4. Becker, Gary S & Murphy, Kevin M, 1992. "The Division of Labor, Coordination Costs, and Knowledge," The Quarterly Journal of Economics, MIT Press, vol. 107(4), pages 1137-60, November.
    5. Yang, Xiaokai & Borland, Jeff, 1991. "A Microeconomic Mechanism for Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 99(3), pages 460-82, June.
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    Cited by:
    1. Kwok Tong Soo, 2013. "The gains from external scale economies and comparative advantage," Working Papers 33867662, Lancaster University Management School, Economics Department.

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