Dynamic Comparative Advantage and the Welfare Effects of Trade

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Dynamic Comparative Advantage and the Welfare Effects of Trade

Author Info

Redding, S.

Additional information is available for the following registered author(s):

Stephen James Redding

Abstract

This paper argues that developing economies may face a trade-off between specializaing according to existing comparative advantage (in low-technology goods), and entering sectors in which they currently lack a comparative advantage, but may acquire such an advantage in the future as a result of the potential for productivity growth (in high-technology goods). Comparative advantage is endogenously determined by past technological change, while simultaneously shaping current rates of innovation.

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Publisher Info
Paper provided by Economics Group, Nuffield College, University of Oxford in its series Economics Papers with number 140.

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Length: 35 pages
Date of creation: 1997
Date of revision:
Handle: RePEc:nuf:econwp:140

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Web page: http://www.nuff.ox.ac.uk/economics/

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Other versions of this item:

Article
- Redding, Stephen, 1999. "Dynamic Comparative Advantage and the Welfare Effects of Trade," Oxford Economic Papers, Oxford University Press, vol. 51(1), pages 15-39, January.

Find related papers by JEL classification:
F10 - International Economics - - Trade - - - General
F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

Cited by:
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- Paulo Bastos, & Manuel Cabral, . "The Dynamics of International Trade Patterns," Discussion Papers 07/06, University of Nottingham, GEP. [Downloadable!]
Justin Lifu Lin, 2004. "Development Strategies for Inclusive Growth in Developing Asia," Development Economics Working Papers 444, East Asian Bureau of Economic Research. [Downloadable!]
Facundo Albornoz and Paolo Vanin, 2005. "Local Learning, Trade Policy and Industrial Structure Dynamics," Discussion Papers 05-12, Department of Economics, University of Birmingham. [Downloadable!]
Yose Rizal Damuri & Raymond Atje & Arya B. Gaduh, 2006. "Integration and Trade Specialization in East Asia," Trade Working Papers 694, East Asian Bureau of Economic Research. [Downloadable!]
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Julia Worz, 2004. "Skill Intensity in Foreign Trade and Economic Growth," Tinbergen Institute Discussion Papers 04-059/2, Tinbergen Institute. [Downloadable!]
Michele Di Maio & Marco Valente, 2006. "Uncertainty, Optimal Specialization and Growth," LEM Papers Series 2006/05, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy. [Downloadable!]
Andrea Brasili & Paolo Epifani & Rodolfo Helg, 2000. "On the Dynamics of Trade Patterns," International Trade 0004006, EconWPA. [Downloadable!]
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- Andrea Brasili & Paolo Epifani & Rodolfo Helg, 1999. "On the dynamics of trade patterns," LIUC Papers in Economics 61, Cattaneo University (LIUC). [Downloadable!]
Antoni Estevadeordal & Christian Volpe Martincus, . "Specialization and Diverging Manufacturing Structures: The Aftermath of Trade Policy Reforms in Developing Countries," Development Working Papers 220, Centro Studi Luca d\'Agliano, University of Milano. [Downloadable!]
Sanjaya Lall, . "The Employment Impact Of Globalisation In Developing Countries," QEH Working Papers qehwps93, Queen Elizabeth House, University of Oxford. [Downloadable!]
Alessia Amighini, 2004. "China in the international fragmentation of production: Evidence from the ICT industry," CESPRI Working Papers 151, CESPRI, Centre for Research on Innovation and Internationalisation, Universita' Bocconi, Milano, Italy, revised Jan 2004. [Downloadable!]
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Osakwe, Patrick N., 2007. "Foreign Aid, Resources and Export Diversification in Africa: A New Test of Existing Theories," MPRA Paper 2228, University Library of Munich, Germany. [Downloadable!]
Sanjaya Lall, . "The Technological Structure and Performance of Developing Country Manufactured Exports, 1985-1998," QEH Working Papers qehwps44, Queen Elizabeth House, University of Oxford. [Downloadable!]
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Tobias Bidlingmaier, 2007. "International Trade and Economic Growth in Developing Countries," DEGIT Conference Papers c012_041, DEGIT, Dynamics, Economic Growth, and International Trade. [Downloadable!]
Braunerhjelm, Pontus & Thulin, Per, 2006. "Can Countries Create Comparative Advantages? R&D-expenditures, high-tech exports and country size in 19 OECD-countries, 1981-1999," Working Paper Series in Economics and Institutions of Innovation 61, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies. [Downloadable!]
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Olarreaga, Marcelo & Schiff, Maurice & Wang, Yanling, 2003. "North-South and South-South Trade-Related Technology Diffusion: An Industry Level Analysis," CEPR Discussion Papers 3711, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
Imre Ferto, 2007. "The Dynamics of Trade in Central and Eastern European Countries," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 5(1), pages 5-23. [Downloadable!]
Gavin Cameron, 2000. "The Sun Also Rises: Productivity Convergence Between Japan and the USA," Economics Series Working Papers 045, University of Oxford, Department of Economics. [Downloadable!]
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Sanjaya Lall, . "Comparing National Competitive Performance: An Economic Analysis of World Economic Forum's Competitiveness Index," QEH Working Papers qehwps61, Queen Elizabeth House, University of Oxford. [Downloadable!]
Isabelle Bensidoun & Guillaume Gaulier & Deniz Unal-Kesenci, 2001. "The Nature of Specialization Matters for Growth: an Empirical Investigation," Working Papers 2001-13, CEPII research center. [Downloadable!]
Stephen Redding, . "Persistence and Mobility in International TradeName: James Proudman," Bank of England working papers 64, Bank of England. [Downloadable!]
Pieter J.H. van Beukering & Jeroen C.J.M. van den Bergh & Marco A. Janssen & Harmen Verbruggen, 2000. "International Material-Product Chains: An Alternative Perspective on International Trade and Trade Theories," Tinbergen Institute Discussion Papers 00-034/3, Tinbergen Institute. [Downloadable!]
Sanjaya Lall, . "Turkish Performance in Exporting Manufactures: A Comparative Structural Analysis," QEH Working Papers qehwps47, Queen Elizabeth House, University of Oxford. [Downloadable!]

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