Property Rights, Mobile Capital, and Comparative Advantage
| dc.creator | Karp, Larry S. | |
| dc.date | 2017-04-01T14:07:23Z | |
| dc.date.accessioned | 2026-07-09T03:49:45Z | |
| dc.description | Recent papers use sector-specific factor models with mobile labor to show that imperfect property rights can be a source of comparative advantage. In these model, weaker property rights to the specific factor in a sector attract the mobile factor and increase the country's comparative advantage for that sector. If capital in addition to labor is mobile, and if the benefits of capital are non-excludable or if the degree of property rights is endogenous, a deterioration of property rights has ambiguous effects on comparative advantage. The presence of a second mobile factor also makes the relation between the equilibrium wage-rental ratio and the degree of property rights ambiguous. | |
| dc.identifier | doi:10.22004/ag.econ.25113 | |
| dc.identifier | https://ageconsearch.umn.edu/record/25113/files/wp030942.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/25113 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/540529 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/25113 | |
| dc.title | Property Rights, Mobile Capital, and Comparative Advantage | |
| dc.type | Text |