A New Idea about Ricardo’s Comparative Advantage Theory on Condition of Multi-Commodity and Multi-Country
- Yiqian Tian
Abstract
Today, many theories prove the imperfection and limits of David Ricardo’s comparative advantage theory. This paper offers necessary explanations and creates a model for the n*n condition (n countries and n commodities) derived from the comparative advantage theory. It is a static equilibrium analysis based on the original model. This paper advances the final distribution methods and ways for the n*n model of multi-commodity trade.- Full Text: PDF
- DOI:10.5539/ijbm.v3n12p155
This work is licensed under a Creative Commons Attribution 4.0 License.
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