Imitative Behavior and Evolutionary Dynamics for the Comparative Advantage of International Trade Theory
AbstractWe claim that economic agents driven by imitative behavior may impact the industrial specialization of national economies. We use a simple two-country model, where workers and firms decide to be skilled (or unskilled) and innovative (or non-innovative). We show that comparative advantages and international trade, under the assumption of a rational strategic behavior of the economic agents, can lead countries towards either an equilibrium with high-social performance or a poverty trap.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 55209.
Date of creation: 27 Feb 2014
Date of revision:
Publication status: Published in Políticas Públicas 1.2(2014): pp. 83-94
Imitation theory and games; population games; trade strategy.;
Find related papers by JEL classification:
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
This paper has been announced in the following NEP Reports:
- NEP-ALL-2014-04-18 (All new papers)
- NEP-EVO-2014-04-18 (Evolutionary Economics)
- NEP-INT-2014-04-18 (International Trade)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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