Imitative Behavior and Evolutionary Dynamics for the Comparative Advantage of International Trade Theory
We claim that economic agents driven by imitative behavior may impact the industrial specialization of national economies. We use a simple two-country model, where workers and firms decide to be skilled (or unskilled) and innovative (or non-innovative). We show that comparative advantages and international trade, under the assumption of a rational strategic behavior of the economic agents, can lead countries towards either an equilibrium with high-social performance or a poverty trap.
|Date of creation:||27 Feb 2014|
|Date of revision:|
|Publication status:||Published in Políticas Públicas 1.2(2014): pp. 83-94|
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