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Effects of Changes in Comparative Costs as Influenced by Technical Change

In: International Trade Theory in a Developing World

Author

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  • H. G. Johnson

    (University of Chicago)

Abstract

Interest in the effects of technical change on comparative cost, the volume and terms of trade, and the gains from international specialization is of relatively modern origin, a by-product of postwar concern with the ‘dollar shortage’ and the alleged long-run adverse trend of the terms of trade of the primary-producing or under-developed countries. More fundamentally, it reflects a growing awareness of the importance of technology among the causes of the wealth of nations, and of technical change among the causes of economic progress and economic change.

Suggested Citation

  • H. G. Johnson, 1963. "Effects of Changes in Comparative Costs as Influenced by Technical Change," International Economic Association Series, in: Roy Harrod & Douglas Hague (ed.), International Trade Theory in a Developing World, chapter 0, pages 96-112, Palgrave Macmillan.
  • Handle: RePEc:pal:intecp:978-1-349-08458-6_4
    DOI: 10.1007/978-1-349-08458-6_4
    as

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