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Overall Revealed Comparative Advantages

Author

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  • Veselin Hadzhiev

    (University of Economics – Varna, Bulgaria)

Abstract

This paper offers a new approach to the measurement of revealed comparative advantages, respectively, the specialization of exports, in addition to the classical approaches of Bella Balassa and Thomas Vollrath. The proposed approach aims to summarize the divergent expression of comparative advantages by commodity groups and countries and to arrive at the general pattern of export specialization. The conclusion is drawn that the contemporary international trade is characterized by asymmetric specialization of exports. This is reflected in the specialization of a large group of countries in the export of lower-processed products and vice versa, a small group of countries specialized in the export of highly-processed products.

Suggested Citation

  • Veselin Hadzhiev, 2014. "Overall Revealed Comparative Advantages," Eurasian Journal of Economics and Finance, Eurasian Publications, vol. 2(1), pages 47-53.
    • Handle: RePEc:ejn:ejefjr:v:2:y:2014:i:1:p:47-53
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    References listed on IDEAS

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    6. Luca DE BENEDICTIS & Massimo TAMBERI, 2002. "A note on the Balassa Index of Revealed Comparative Advantage," Working Papers 158, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
    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.
    8. Jeroen Hinloopen & Charles Marrewijk, 2001. "On the empirical distribution of the Balassa index," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 137(1), pages 1-35, March.
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    10. Eckhard Siggel, 2006. "International Competitiveness and Comparative Advantage: A Survey and a Proposal for Measurement," Journal of Industry, Competition and Trade, Springer, vol. 6(2), pages 137-159, June.
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    Cited by:

    1. Satyendra Nath Chakrabartty, 2023. "Constructing Aggregated Revealed Comparative Advantage Index of a Country," Journal of Asian Economic Integration, , vol. 5(1), pages 64-77, April.
    2. Nihal Bayraktar, 2017. "Impacts Of Africa'S Total And Commodity-Based Trade With China And Oecd Countries†," Eurasian Journal of Economics and Finance, Eurasian Publications, vol. 5(1), pages 95-113.
    3. Stellian, Rémi & Danna-Buitrago, Jenny Paola, 2022. "Which revealed comparative advantage index to choose? Theoretical and empirical considerations," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.

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