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It most commonly refers to an index, called the Balassa index, introduced by Béla Balassa (1965). [1] In particular, the revealed comparative advantage of country c {\displaystyle c} in product/commodity/good p {\displaystyle p} is defined by:
If GL i = 1, there is a good level of intra-industry trade. This means for example the Country in consideration Exports the same quantity of good i as much as it Imports. Conversely, if GL i = 0, there is no intra-industry trade at all.
The Marshall-Edgeworth index, credited to Marshall (1887) and Edgeworth (1925), [11] is a weighted relative of current period to base period sets of prices. This index uses the arithmetic average of the current and based period quantities for weighting. It is considered a pseudo-superlative formula and is symmetric. [12]
The World Integrated Trade Solution (WITS) is a trade software provided by the World Bank for users to query several international trade databases.. WITS allows the user to query trade statistics (export, import, re-exports and re-imports) from the UN's repository of official international trade statistics and relevant analytical tables (UN COMTRADE), tariff and non-tariff measures data from ...
The firm's profit is a function p of ,..., and of m exogenous parameters ,..., which may represent, for instance, various tax rates. Provided the profit function satisfies the smoothness and concavity requirements, the comparative statics method above describes the changes in the firm's profit due to small changes in the tax rates.
New Black Friday deals just added to Nordstrom's sale racks including UGG, Kate Spade, NuFACE, Monica Vinader and Hoka.
Complementary goods exhibit a negative cross elasticity of demand: as the price of goods Y rises, the demand for good X falls.. In economics, a complementary good is a good whose appeal increases with the popularity of its complement.
The Lucio A. Noto Stock Index From January 2008 to December 2012, if you bought shares in companies when Lucio A. Noto joined the board, and sold them when he left, you would have a 71.3 percent return on your investment, compared to a -2.8 percent return from the S&P 500.