IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/108548.html
   My bibliography  Save this paper

Vanek-Reinert Effect as a Corollary of Ricardo’s Comparative “Advantage”: a Simple Numerical Illustration

Author

Listed:
  • Spirin, Victor

Abstract

Proponents of free trade contend that trade liberalization benefits all participants, regardless of whether the country is advanced or developing. There is another benefit to free trade, some economists argue, specifically for the developing nations. According to these economists, the trade-liberalizing developing country will benefit from technology transfer from advanced countries. Here we aim to provide a simple illustration that both these arguments are in direct contradiction with a basic economic optimization principle – and the canonical foundation of international trade – specialization by Ricardo’s comparative advantage.

Suggested Citation

  • Spirin, Victor, 2021. "Vanek-Reinert Effect as a Corollary of Ricardo’s Comparative “Advantage”: a Simple Numerical Illustration," MPRA Paper 108548, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:108548
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/108548/1/MPRA_paper_108548.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Spirin, Victor, 2022. "Specific Factors Model When Countries Have Different Technologies: Why Inefficient Industry is Better Than no Industry at All," MPRA Paper 112937, University Library of Munich, Germany.
    2. Spirin, Victor, 2023. "Основное Уравнение Международной Экономики: Верховенство Закона + Иностранные Инвестиции + Свободная Торговля = Страна-Бензоколонка [The Fundamental Equation of International Economy: Rule of Law +," MPRA Paper 118386, University Library of Munich, Germany.
    3. Spirin, Victor, 2022. "Factor price divergence in Heckscher-Ohlin model when countries have different technologies: a simple numerical illustration," MPRA Paper 115010, University Library of Munich, Germany.
    4. Victor, Spirin, 2022. "Выживание Простейшего: Европейский Союз Как Добровольно Принятый Восточной Европой План Моргентау. Уроки И Уникальная Возможность Для России [Survival of the Simplest: European Union as a Self-Impo," MPRA Paper 112629, University Library of Munich, Germany.
    5. Spirin, Victor, 2023. "Увеличение Разрыва Цен Факторов Производства В Модели Хекшера-Олина В Случае Различающегося Уровня Технологий: Простая Численная Иллюстрация [Factor price divergence in Heckscher-Ohlin model when c," MPRA Paper 116304, University Library of Munich, Germany.

    More about this item

    Keywords

    International Trade; Comparative Advantage; Constrained Optimization; Vanek-Reinert Effect;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade
    • F6 - International Economics - - Economic Impacts of Globalization
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:108548. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.