Revealed Comparative Advantage of India and China
Journal Title: International Journal of Economics, Commerce and Research (IJECR) - Year 2017, Vol 7, Issue 4
Abstract
This paper tries to examine the changing Comparative Advantage of India and China. The index of “Revealed Comparative Advantage” has been calculated for eleven import categories and four categories based on the level of technology for the period 1990-2011 using an index based on Balassa’s Revealed Comparative Advantage Index. Since India and China have abundance of Labor and less physical capital, India’s and China’s calculated Revealed Comparative Advantage (RCA) Index says that both the countries have comparative advantage in textiles and metal products compared to the world market. Both the countries are developing rapidly and physical capital is accumulating, so an increase in the RCA Index of advanced high technology and medium high technology products has been seen.
Authors and Affiliations
Sahil Ravgotra
Keywords
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