Revealed Specialization: Evidence on U.S. International Services |
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Authors: | Makoto Hisanaga |
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Affiliation: | Institute of Economic Research , Kyoto University , Yoshida-Honmachi, Sakyo-Ku, Kyoto City , 606-8501 , Japan |
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Abstract: | This article is an investigation of the comparative advantage structure of United States international trade in services. It appears that the United States has a strong comparative advantage in knowledge-based services. For this study, the author adopts the Revealed Comparative Advantage (RCA) index to analyze the comparative advantage structure, and demonstrates that variance in the RCA deviations indicates a similarity in the export structure between the United States and the world. This study also focuses on the role of multinational companies, linking microeconomic entities and the macroeconomic surroundings. |
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