More on Measuring the Overall Revealed Comparative Advantage
Journal Title: TEM JOURNAL - Year 2014, Vol 3, Issue 3
Abstract
The overall revealed comparative advantages approach aims to summarize the divergent expression of comparative advantages by commodity groups and countries. It represents an alternative to the traditional approach of Bella Balassa, Thomas Vollrath and others. The innovativeness of the overall revealed comparative advantages approach preconditions a certain prudence with regard to its use and interpretation. It is necessary to explore the potential of the approach in different conditions and different circumstances. It was found that the approach of overall revealed comparative advantages is resistant to the Euclidean distances and commodity classifications used for metrification. It has the potential to synthesize uniformly divergent changes in specialization by country and commodity groups and is a useful tool for the analysis of comparative advantages.
Authors and Affiliations
Veselin Hadzhiev
Keywords
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