G2TT
来源类型Faculty Working Papers
规范类型工作论文
来源IDCID Working Paper No. 276
Implied Comparative Advantage
Ricardo Hausmann; Cesar A. Hidalgo; Daniel P. Stock
发表日期2014-01
出版年2014
摘要

The comparative advantage of a location shapes its industrial structure. Current theoretical models based on this principle do not take a stance on how comparative advantages in different industries or locations are related with each other, or what such patterns of relatedness might imply about the underlying process that governs the evolution of comparative advantage. We build a simple Ricardian-inspired model and show this hidden information on inter-industry and inter-location relatedness can be captured by simple correlations between the observed patterns of industries across locations or locations across industries. Using the information from related industries or related locations, we calculate the implied comparative advantage and show that this measure explains much of the location’s current industrial structure. We give evidence that these patterns are present in a wide variety of contexts, namely the export of goods (internationally) and the employment, payroll and number of establishments across the industries of subnational regions (in the US, Chile and India). The deviations between the observed and implied comparative advantage measures tend to be highly predictive of future industry growth, especially at horizons of a decade or more; this explanatory power holds at both the intensive as well as the extensive margin. These results suggest that a component of the long-term evolution of comparative advantage is already implied in today’s patterns of production.

URLhttps://www.hks.harvard.edu/centers/cid/publications/faculty-working-papers/implied-comparative-advantage
来源智库Center for International Development (United States)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/503200
推荐引用方式
GB/T 7714
Ricardo Hausmann,Cesar A. Hidalgo,Daniel P. Stock. Implied Comparative Advantage. 2014.
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