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comparative advantage

2008/04/25 by Ronald Findlay · 1 citation
Business, Management and Accounting · #Global Trade and Competitiveness

paper · doi:10.1057/9780230226203.0274

openalex publication_date 2008/04/25 · openalex created_date 2025/10/10 · openalex updated_date 2026/02/24

Abstract

This article traces the evolution of the theory of comparative advantage and the gains from trade from the pioneering work of David Ricardo to the factor proportions approach of Eli Heckscher and Bertil Ohlin. Extensions of the basic models to many goods, factors and countries, and to the long run are noted, as well as the attempts at empirical testing of the predictions derived from them.

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