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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:
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 ...
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 openness Index is an economic metric calculated as the ratio of a country's total trade, the sum of exports plus imports, to the country's gross domestic product. [ 1 ] = (Exports + Imports)/(Gross Domestic Product) [ 2 ]
Marginal Intra-Industry Trade, a concept originating in international economics, refers to the degree to which the change in a country's exports over a certain period of time are essentially of the same products as its change in imports over the same period.
A recent survey shows small business owners are feeling more optimistic about the economy following the election. The Uncertainty Index declined 12 points in November to 98, following October’s ...
The model assumes that firms are risk-neutral, labor markets are competitive, workers supply labor inelastically, workers are imperfect substitutes for one another, and there is a sufficient complementarity of tasks. Production is broken down into tasks. Laborers can use a multitude of techniques of varying efficiency to carry out these tasks ...
Shares of the Palo Alto, California-based company were up 14% in aftermaket trade after CEO Hock Tan told investors on a conference call he expects a revenue opportunity from AI in the range of ...