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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: 2017-12-29
Authors : Jasiński Leszek;
Page : 21-33
Keywords : comparative advantage; absolute advantage; linear programming; intermediate goods; technological coefficient.;
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Abstract
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.
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Last modified: 2017-12-30 20:16:40