The Ricardian Model: theoretical and empirical review
Fecha
2017Autor
Versión
Acceso abierto / Sarbide irekia
Tipo
Trabajo Fin de Grado/Gradu Amaierako Lana
Impacto
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nodoi-noplumx
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Resumen
The Ricardian Model is the most widely explained theory in International Economics.
Despite its pedagogical importance in this field, its empirical performance is not exempted
from controversies. According to this classical model, relative productivities across
counties determine trade patterns. On this article, in the model’s 200th anniversary, the
classical theory is presented along with so ...
[++]
The Ricardian Model is the most widely explained theory in International Economics.
Despite its pedagogical importance in this field, its empirical performance is not exempted
from controversies. According to this classical model, relative productivities across
counties determine trade patterns. On this article, in the model’s 200th anniversary, the
classical theory is presented along with some extensions and a model where its empirical
performance is analyzed. In this model relative productivity and unit labor costs are
analyzed as drivers of German and French trade patterns. The results show that
coefficients seem to be correctly signed and are statistically significant, even though much
of the trade patterns remain to be unexplained. Therefore, other models are necessary to
fully explain trade patterns between Germany and France. [--]
Materias
Comparative advantage,
Opportunity cost,
Productivity,
Unit labor requirements,
Unit labor cost
Titulación
Enpresen Administrazio eta Zuzendaritzan Nazioarteko Graduatua / Ekonomian Nazioarteko Graduatua Nafarroako Unibertsitate Publikoan /
Graduado o Graduada Internacional en Administración y Dirección de Empresas / Graduado o Graduada Internacional en Economía por la Universidad Pública de Navarra