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Revealed comparative advantage and the alternatives as measures of international specialization
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This article provided an analysis of Balassa's "revealed comparative advantage" (RCA) and showed that when using RCA, it should be adjusted such that it becomes symmetric around its neutral value.Abstract:
This paper provides an analysis of Balassa's 'revealed comparative advantage' (RCA). It shows that when using RCA, it should be adjusted such that it becomes symmetric around its neutral value. The proposed adjusted index is called 'revealed symmetric comparative advantage' (RSCA). The theoretical discussion focuses on the properties of RSCA and empirical evidence, based on the Jarque- Bera test for normality of the regression error terms, using both the RCA and RSCA indices. We compare RSCA to other measures of international trade specialization including the Michaely index, the Contribution to Trade Balance, Chi Square, and Bowen's Net Trade Index. The result of the analysis is that RSCA—on balance—is the best measure of comparative advantage.read more
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Clusters and knowledge: local buzz, global pipelines and the process of knowledge creation
TL;DR: In this paper, a distinction is made between the learning processes taking place among actors embedded in a community by just being there dubbed buzz and the knowledge attained by investing in building channels of communication called pipelines to selected providers located outside the local milieu.
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Knowledge flows through informal contacts in industrial clusters: myth or reality?
TL;DR: It is found that the engineers do share even valuable knowledge with informal contacts, which shows that informal contacts are important channels of knowledge diffusion.
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Selective Intervention and Internal Hybrids: Interpreting and Learning from the Rise and Decline of the Oticon Spaghetti Organization
TL;DR: An organizational economics interpretation of Oticon organizational changes is developed, which suggests that a strong liability of the spaghetti organization was the above incentive problem: Frequent managerial meddling with delegated rights led to a severe loss of motivation, and arguably caused the change to a more structured organization.
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Collective invention during the British Industrial Revolution: the case of the Cornish pumping engine
TL;DR: In this article, the authors argue that together with individual inventors and firms, what Robert C. Allen has termed as collective invention settings (that is settings in which rival firms freely release each other pertinent technical information), were also a crucial source of innovation in the industrial revolution period.
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The Importance of Sectoral Differences in the Application of Complementary HRM Practices for Innovation Performance
TL;DR: In this paper, a sample of 726 Danish firms with more than 50 employees in manufacturing and private services was studied, and the results show that HRM practices are more effective in influencing innovation performance when applied together, as compared with situations in which individual practices are applied alone.
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Scale Economies, Product Differentiation, and the Pattern of Trade
TL;DR: In this article, the authors present a simple formal analysis which incorporates these elements, and show how it can be used to shed some light on some issues which cannot be handled in more conventional models.
Journal ArticleDOI
The Product Space Conditions the Development of Nations
César A. Hidalgo,César A. Hidalgo,Bailey Klinger,Bailey Klinger,Albert-László Barabási,Albert-László Barabási,Ricardo Hausmann,Ricardo Hausmann +7 more
TL;DR: This study studies this network of relatedness between products, or “product space,” finding that more-sophisticated products are located in a densely connected core whereas less-sophile products occupy a less-connected periphery.