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Ricardian model [1 record]

Record 1 2011-08-25

English

Subject field(s)
  • Economic Doctrines, Systems and Policies
  • National and International Economics
  • Foreign Trade
DEF

The classic model of international trade introduced by David Ricardo to explain the pattern and the gains from trade in terms of comparative advantage.

OBS

[The model] assumes perfect competition and a single factor of production, labor, with constant requirements of labor per unit of output that differ across countries.

French

Domaine(s)
  • Doctrines, systèmes et politiques économiques
  • Économie nationale et internationale
  • Commerce extérieur
CONT

Trois grandes théories peuvent expliquer pourquoi les pays font des échanges commerciaux : le modèle ricardien, le modèle Heckscher-Ohlin et le modèle des rendements d'échelle croissants. Selon le modèle ricardien, l'avantage comparatif tient à la supériorité technologique. Les pays concentrent leur production dans les secteurs où ils jouissent d'un avantage comparé relatif.

Spanish

Campo(s) temático(s)
  • Doctrinas, políticas y sistemas económicos
  • Economía nacional e internacional
  • Comercio exterior
CONT

El modelo ricardiano afirma que cada país se especializará en aquellos sectores en que cuente con una ventaja comparativa —un menor coste de oportunidad.

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