[국제무역] 리카도모형(영문)

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[국제무역] 리카도모형(영문)에 대한 자료입니다.
목차
Ⅰ. Introduction
1. The significance of the Ricardian Model
2. Testing the Ricardian Model: Empirical Analysis
Ⅱ. The Ricardian Model: the basic model and some modification
1. Basic model
2. Modification model and underlying ideas in the modification model
1) Idea 1 : Logarithmic scale
2) Idea 2 : Wages
3) Idea 3 (our own idea) : Grouping
Ⅲ. Testing the Ricardian Model
1. About the data
2. Empirical analysis results
1) Result 1 : Basic model and the model with logarithmic scale
2) Result 2 : Multiple regression with wages
3) Result 3 : Regression with group of industries
Ⅳ. Conclusion: The collected results and points to improve
본문내용
I. Introduction
1. The significance of the Ricardian Model
The modern economic trade theory was originated from the advocator of ‘absolute advantage’, Adam Smith. According to the theory of ‘absolute advantage’, each country specializes in the product of its absolute advantage in productivity. The theory of ‘absolute advantage’ was accepted as intuitively correct during that time.
However, Ricardo’s theory of ‘comparative advantage’ eventually replaced the theory of ‘absolute advantage’. According to the theory of comparative advantage, countries can export even when they do not have an absolute advantage. When each country exports the product in which it has a comparative advantage, all the countries engaging in trade would experience an increase in welfare.
The theory of ‘comparative advantage’ was a revolutionary idea at that time, and even today, its logic is used to support and promote global free trade.
2. Testing the Ricardian Model: Empirical Analysis