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Comparative Advantage in Contemporary Trade Models

2022· reference-entry· en· W4214753053 on OpenAlexaff
Peter Morrow

Bibliographic record

VenueOxford Research Encyclopedia of Economics and Finance · 2022
Typereference-entry
Languageen
FieldEconomics, Econometrics and Finance
TopicGlobal trade and economics
Canadian institutionsUniversity of Toronto
Fundersnot available
KeywordsEconomicsAutarkyComparative advantageMicrofoundationsCounterfactual thinkingEconometricsInternational tradeNeoclassical economicsMacroeconomics

Abstract

fetched live from OpenAlex

Abstract Models of comparative advantage in international trade explain specialization using differences in autarky relative prices. This literature has traditionally focused on the Heckscher–Ohlin and Ricardian models. The former emphasizes differences in factor abundance across countries and in factor intensity across goods; the latter focuses on relative productivity differences across countries and goods. However, unrealistic assumptions and stark assumptions have hindered empirical assessment of these models. Contemporary models now allow researchers to overcome these hurdles. New models of Ricardian comparative advantage incorporate realistic geography and multiple countries. Similar advances have freed the Heckscher–Ohlin model from some of its theoretical straightjackets. In addition, researchers have started to provide microfoundations for the Ricardian model and to formalize how institutions and factor market distortions might generate patterns of comparative advantage. Trade economists have also started to think about magnitudes in a different way; that is, through general equilibrium counterfactual experiments.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.002
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesMeta-epidemiology (narrow)
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: none
GenreCandidate signal: Review · Consensus signal: none
Teacher disagreement score0.853
Threshold uncertainty score1.000

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0020.000
Meta-epidemiology (narrow)0.0010.001
Meta-epidemiology (broad)0.0020.000
Bibliometrics0.0010.000
Science and technology studies0.0000.000
Scholarly communication0.0000.001
Open science0.0010.001
Research integrity0.0010.002
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.227
GPT teacher head0.317
Teacher spread0.090 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

Study designTheoretical or conceptual
Domainnot available
GenreReview

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations7
Published2022
Admission routes1
Has abstractyes

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