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Innovation – source to obtain the competitive advantage in the global economy


  • Sipos, Gabriela Lucia


A strong motivation to replace the comparative advantage theory with the competitive advantage theory is given by the significant change of the present economic conditions comparing with the old conditions that inspired the competitive advantage issues. The dynamic character of the market competition and the fact that, in the present, the competitiveness is located to enterprise’s level and not to the level of the national economy are some important argues that sustain the necessity and the opportunity to move the economic thinking from the comparative advantage theory to the competitive advantage theory. In the past, the comparative advantage of an economy was given by the natural resources, by the geographical position or by the specific features of products or services. Nowadays the competitive advantage is created through innovation by all its forms.

Suggested Citation

  • Sipos, Gabriela Lucia, 2008. "Innovation – source to obtain the competitive advantage in the global economy," MPRA Paper 13078, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:13078

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    References listed on IDEAS

    1. Hopewell, Michael H & Schwartz, Arthur L, Jr, 1978. "Temporary Trading Suspensions in Individual NYSE Securities," Journal of Finance, American Finance Association, vol. 33(5), pages 1355-1373, December.
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    4. Lifan Wu, 1998. "Market Reactions to the Hong Kong Trading Suspensions: Mandatory versus Voluntary," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 25(3&4), pages 419-437.
    5. Howe, John S. & Schlarbaum, Gary G., 1986. "SEC Trading Suspensions: Empirical Evidence," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 21(03), pages 323-333, September.
    6. Haiwei Chen & Honghui Chen & Nicholas Valerio, 2003. "The effects of trading halts on price discovery for NYSE stocks," Applied Economics, Taylor & Francis Journals, vol. 35(1), pages 91-97.
    7. McDonald, Cynthia G. & Michayluk, David, 2003. "Suspicious trading halts," Journal of Multinational Financial Management, Elsevier, vol. 13(3), pages 251-263, July.
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    More about this item


    innovation; comparative advantage; competitive advantage;

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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