Summary of General Discussion on “Revealed Comparative Advantage of Malaysian Exports: The Case for Changing Export Composition” (original) (raw)

Asian Economic Papers, 2008

Abstract

Asian Economic Papers 7:3 © 2008 The Earth Institute at Columbia University and the Massachusetts Institute of Technology Pochih Chen opened the discussion by noting that the concept of the revealed comparative advantage (RCA) index is meant to be a (rough) measure of a country’s comparative advantage in world trade, or the relative importance of a product in the country’s export composition relative to that product’s relative importance in world trade. The RCA index was not an appropriate indicator of a country’s export competitiveness. Similarly, Shigeyuki Abe pointed out that the RCA index cannot be used to compare RCA across two countries. He illustrated the point using the following example for China and Malaysia.

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