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Resource supplies and changing world agricultural comparative advantage

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  • James A. Tobey
  • G.V. Chomo

Abstract

This paper advances consideration of the Heckscher–Ohlin (H‐O) theory of comparative advantage to agriculture in a dynamic setting. The dynamic relationship among trade flows, resource supplies, and factor contents is studied. The view that special circumstances in the agricultural sector render the H‐O theory inapplicable as a guide to agricultural trade is challenged. Consistent with the H‐O theory, the results suggest that changing world patterns of resource abundance are an important explanation of the evolving structure of world trade in agriculture commodities.

Suggested Citation

  • James A. Tobey & G.V. Chomo, 1994. "Resource supplies and changing world agricultural comparative advantage," Agricultural Economics, International Association of Agricultural Economists, vol. 10(3), pages 207-217, May.
    • Handle: RePEc:bla:agecon:v:10:y:1994:i:3:p:207-217
    DOI: 10.1111/j.1574-0862.1994.tb00303.x
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    Cited by:

    1. Sanderson, Todd & Ahmadi-Esfahani, Fredoun Z., 2010. "Climate change and Australia’s comparative advantage in broadacre agriculture," 2010 Conference, August 26-27, 2010, Nelson, New Zealand 96493, New Zealand Agricultural and Resource Economics Society.
    2. Chomo, Grace V., 2002. "Free Trade Agreements Between Developing and Industrialized Countries: Comparing the U.S.-Jordan FTA with Mexico's Experience Under NAFTA," Working Papers 15868, United States International Trade Commission, Office of Economics.

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