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1、外文翻译原文ComparativeAdvantage:Theory,EmpiricalMeasuresAndCaseStudiesMaterialSource:ReviewofEconomicandBusinessStudiesAuthor:TriWIDODOAbstract:Thispaperconsistsofthreemainpartsi.e.theory,analyticaltoolandcasestudiesofcomparativeadvantage.Firstly,wereviewthetheoryandvariousempiricalmeasures
2、ofcomparativeadvantage.Wewouldarguethatforthecatching-upeconomies,likeASEANcountries,themeaningof“leadingexportedproducts”couldbeexaminedfromthetwopointsofviewi.e.internationalcompetitivenessandcountry’stradebalance.Secondly,wecombinetwoindexesofcomparativeadvantage,i.e.RevealedSymmetr
3、icComparativeAdvantage(RSCA)indexbyDalumetal.(1998)andLaursen(1998),andTradeBalanceIndex(TBI)byLafay(1992),whichrepresentwellthetwopointsofview,toproposeananalyticaltool,namely“productsmapping”.Thirdly,thisanalyticaltoolisappliedtoanalyzeexported products(definedas3-digitSITCRevision2)
4、oftheASEANcountries.ThispaperconcludesthatinthecasesofASEANcountries,thehigherthecomparativeadvantageforaspecificproduct,thehigherthepossibilityofthecountryasanet-exporterbecomes.Thisfindingstronglysupportsthetheoryofcomparativeadvantage.1.INTRODUCTIONInthetheoriesofinternationaltrade,
5、comparativeadvantageisanimportantconceptforexplainingpatternoftrade.DavidRicardo(1817)firstlyintroducestheconceptofcomparativeadvantagewithverystrictassumptions.ItisthenwellrecognizedastheRicardianmodel.Inthemoderntheoriesofinternationaltrade,suchstrictassumptionsarereplacedwiththemore
6、realisticones.Heckscher(1919)andOhlin(1933)examinetheeffectofdifferentfactorendowmentson internationaltrade.Theirmodel,whichiswellknownastheHeckscher-Ohlin(HO)model,concludesthatacountrywillexportcommodityusestheabundantfactorofproduction,whileitwillimportcommodityusesthescarcefactorof
7、production.Someothernewmodelsalsorelaxingtheseveralassumptionshaveemergedsuchastheimitationlaghypothesis(Posner,1961),theLindermodel(Linder,1961),theflyinggeesemodel(Akamatsu,1961,1962),thegravitymodel(Tinbergen,1962),theproductcycletheory(Vernon,1966),theKrugmanmodel(Krugman,1979),a