A Direct Test of the Theory of Comparative Advantage

Bernhofen, D. M., & Brown, J. C. (2004). A Direct Test of the Theory of Comparative Advantage: The Case of Japan. Journal of Political Economy, 112(1), 48-67.

Type

Journal article

Intellectual base

Primary research

Year

2004

Volume

112

Issue

1

Pages

48-67

DOI

10.1086/379944

DOI registrant

University of Chicago Press

Link

https://doi.org/10.1086/379944

Cited from

economics_finance

Cited by

1 citation across 1 artifact.

Each citation links to the sentence it supports in the citing article.

Primes

• Comparative Advantage
  • confirmed that Ricardian predictions perform remarkably well on modern trade data, and Bernhofen and Brown's 2004 study of Japan's opening

    This sourceUses Japan's sudden 1860s opening from autarky to trade as a natural experiment; the autarky price value of Japan's trade is negative each year 1868–75, confirming the comparative-advantage prediction.

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