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来源类型 | Faculty Working Papers |
规范类型 | 工作论文 |
来源ID | CID 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. |
URL | https://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. |
条目包含的文件 | 条目无相关文件。 |
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