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The Generalization of the Comparative Advantage Theory

Journal: Journal of Vasyl Stefanyk Precarpathian National University (Vol.4, No. 34)

Publication Date:

Authors : ;

Page : 21-33

Keywords : comparative advantage; absolute advantage; linear programming; intermediate goods; technological coefficient.;

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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.

Last modified: 2017-12-30 20:16:40