In this paper we will focus upon the role of absolute advantages in international special-ization in connection with the phenomenon of capital mobility. We will provide a his-torical and analytical reconstruction of the main contributions, starting from the contrast between Smith’s and Ricardo’s standpoint on the issue. Two deep-rooted conclusions will be questioned by the analysis of this literature: (a) the unequivocal mutual benefits of opening up to international trade; and (b) the specialization of each country in the production of at least one good. With regard to this point, we will also provide a gener-alization of a result obtained by Parrinello (2010).

Bellino, E., Fratini, S., Absolute Advantages and Capital Mobility in International Trade Theory, <<Absolute Advantages and Capital Mobility in International Trade Theory>>, 2019; 38 (Novembrer): 1-28 [http://hdl.handle.net/10807/161146]

Absolute Advantages and Capital Mobility in International Trade Theory

Bellino, Enrico
Primo
;
2019

Abstract

In this paper we will focus upon the role of absolute advantages in international special-ization in connection with the phenomenon of capital mobility. We will provide a his-torical and analytical reconstruction of the main contributions, starting from the contrast between Smith’s and Ricardo’s standpoint on the issue. Two deep-rooted conclusions will be questioned by the analysis of this literature: (a) the unequivocal mutual benefits of opening up to international trade; and (b) the specialization of each country in the production of at least one good. With regard to this point, we will also provide a gener-alization of a result obtained by Parrinello (2010).
2019
Inglese
Absolute Advantages and Capital Mobility in International Trade Theory
Centro Sraffa Working Papers
Bellino, E., Fratini, S., Absolute Advantages and Capital Mobility in International Trade Theory, <<Absolute Advantages and Capital Mobility in International Trade Theory>>, 2019; 38 (Novembrer): 1-28 [http://hdl.handle.net/10807/161146]
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10807/161146
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