Overview

Comparative advantage analysis is a useful tool of economics that can be used to compare relative costs of production and identify species and markets with the greatest likelihood of success. Two different approaches are normally used to assess comparative advantage: the Domestic Resource Cost (DRC) and the Revealed Comparative Advantage (RCA) methods. The DRC approach is dynamic but requires data which may be hard to obtain. The RCA method is more descriptive and has less predictive potential than the DRC approach but required data are normally available. This paper illustrates the concept of comparative advantage and some of its policy implications by presenting two case studies (on shrimp export markets and aquaculture production of freshwater finfish) using the RCA method.

Full Product Details

Author:   Food and Agriculture Organization of the United Nations ,  Food and Agriculture Organization ,  PingSun Leung
Publisher:   Food & Agriculture Organization of the United Nations (FAO)
Imprint:   Food & Agriculture Organization of the United Nations (FAO)
Volume:   No. 528
Dimensions:   Width: 21.00cm , Height: 0.70cm , Length: 30.00cm
ISBN:  

9789251064320

ISBN 10:   9251064326
Pages:   84
Publication Date:   30 October 2009
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   Out of stock  
The supplier is temporarily out of stock of this item. It will be ordered for you on backorder and shipped when it becomes available.

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