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European economic integration: Comparative advantages and free trade of the means of production

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  • Boglioni, Michele

Abstract

One of the most well-known theories of international trade suggests that when markets are left free to operate, countries should specialise according to their Comparative Advantages (CAs). However, the results provided by Boglioni and Zambelli (2017) suggest that CAs do not seem to have worked in Europe during the period 1995–2011.

Suggested Citation

  • Boglioni, Michele, 2019. "European economic integration: Comparative advantages and free trade of the means of production," Structural Change and Economic Dynamics, Elsevier, vol. 51(C), pages 491-504.
    • Handle: RePEc:eee:streco:v:51:y:2019:i:c:p:491-504
    DOI: 10.1016/j.strueco.2018.10.003
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    1. Marcel P. Timmer & Erik Dietzenbacher & Bart Los & Robert Stehrer & Gaaitzen J. Vries, 2015. "An Illustrated User Guide to the World Input–Output Database: the Case of Global Automotive Production," Review of International Economics, Wiley Blackwell, vol. 23(3), pages 575-605, August.
    2. Dalia Marin, 2011. "The Opening Up of Eastern Europe at 20: Jobs, Skills and Reverse Maquiladoras in Austria and Germany," Chapters, in: Miroslav N. Jovanović (ed.), International Handbook on the Economics of Integration, Volume II, chapter 13, Edward Elgar Publishing.
    3. Zonghie Han & Bertram Schefold, 2006. "An empirical investigation of paradoxes: reswitching and reverse capital deepening in capital theory," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 30(5), pages 737-765, September.
    4. Annamaria Simonazzi & Andrea Ginzburg & Gianluigi Nocella, 2013. "Economic relations between Germany and southern Europe," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 37(3), pages 653-675.
    5. Zambelli, Stefano & Fredholm, Thomas & Venkatachalam, Ragupathy, 2017. "Robust measurement of national technological progress," Structural Change and Economic Dynamics, Elsevier, vol. 42(C), pages 38-55.
    6. Richard H. Clarida & Ronald Findlay, 1991. "Endogenous Comparative Advantage, Government, and the Pattern of Trade," NBER Working Papers 3813, National Bureau of Economic Research, Inc.
    7. Kurz,Heinz D. & Salvadori,Neri, 1997. "Theory of Production," Cambridge Books, Cambridge University Press, number 9780521588676, September.
    8. Michele Boglioni & Stefano Zambelli, 2017. "European Economic Integration And Comparative Advantages," Journal of Economic Surveys, Wiley Blackwell, vol. 31(4), pages 1011-1034, September.
    9. Paul A. Samuelson, 2001. "A Ricardo-Sraffa Paradigm Comparing Gains from Trade in Inputs and Finished Goods," Journal of Economic Literature, American Economic Association, vol. 39(4), pages 1204-1214, December.
    10. Sergio Cesaratto, 2015. "Balance of Payments or Monetary Sovereignty? In Search of the EMU’s Original Sin," International Journal of Political Economy, Taylor & Francis Journals, vol. 44(2), pages 142-156, April.
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    14. Giancarlo Gandolfo, 2014. "International Trade Theory and Policy," Springer Texts in Business and Economics, Springer, edition 2, number 978-3-642-37314-5, April.
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    Cited by:

    1. Makoto Tawada & Nobuhito Suga & Akihiko Yanase, 2022. "Government, trade and comparative advantage, revisited," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 55(2), pages 1135-1165, May.
    2. Dvoskin, Ariel & Ianni, Guido, 2021. "Produced means of production and the chain of comparative advantages," Structural Change and Economic Dynamics, Elsevier, vol. 59(C), pages 635-647.

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    More about this item

    Keywords

    Comparative advantages; Net product possibility frontier; European integration; Means of production;
    All these keywords.

    JEL classification:

    • E1 - Macroeconomics and Monetary Economics - - General Aggregative Models
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • F15 - International Economics - - Trade - - - Economic Integration
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
    • P11 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Planning, Coordination, and Reform

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