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| Topic: |
Business
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| Number of pages / Number of words: |
26 / 7117 |
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In this way, MacDougall tested whether their relative exports to third countries were connected with their labour productivities. The results which MacDougall found were inconsistent with the simple Ricardian model. However, they are generally interpreted as supporting a more general "Ricardian" argument that differences in relative labour productivities are the determinant of comparative advantage...
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However, they are generally interpreted as supporting a more general "Ricardian" argument that differences in relative labour productivities are the determinant of comparative advantage. As long as these differences are due to technology, the model exists as an alternative to the model described previously...
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