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首页> 外文期刊>Journal of Monetary Economics >The evolution of comparative advantage: Measurement and welfare implications
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The evolution of comparative advantage: Measurement and welfare implications

机译:比较优势的演变:衡量和福利的含义

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摘要

Using novel estimates of sectoral total factor productivities for 72 countries across 5 decades we provide evidence of relative productivity convergence: productivity grew systematically faster in initially relatively less productive sectors. These changes have had a significant impact on trade volumes and patterns, and a non-negligible welfare impact. Had productivity in each country's manufacturing sector relative to the US remained the same as in the 1960s, trade volumes would be higher, cross-country export patterns more dissimilar, and intra-industry trade lower than in the data. Relative sectoral productivity convergence - holding average growth fixed - had a modest negative welfare impact. (C) 2016 Elsevier B.V. All rights reserved.
机译:使用过去5年中72个国家的部门全要素生产率的新颖估计,我们提供了相对生产率趋同的证据:在最初生产率相对较低的部门中,生产率在系统上增长得更快。这些变化对贸易量和格局产生了重大影响,对福利的影响不可忽略。如果每个国家的制造业相对于美国的生产率都保持与1960年代相同的水平,则贸易量将更高,跨国出口模式将更加不相似,而产业内贸易将低于数据。相对部门的生产率趋同-保持平均增长不变-对福利产生了适度的负面影响。 (C)2016 Elsevier B.V.保留所有权利。

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