The Generalization of the Comparative Advantage TheoryJournal: Journal of Vasyl Stefanyk Precarpathian National University (Vol.4, No. 34)
Publication Date: 2017-12-29
Authors : Jasiński Leszek;
Page : 21-33
Keywords : comparative advantage; absolute advantage; linear programming; intermediate goods; technological coefficient.;
Economic textbooks relate the principle of comparative advantage using examples of two products and two countries, the 2x2 case. We shall suggest an approach describing any finite number of products m and countries n, the mxn case, where m>2, n>2. For this purpose the linear programming will be used.
Other Latest Articles
Last modified: 2017-12-30 20:16:40