Munich Personal RePEc Archive

Imitative Behavior and Evolutionary Dynamics for the Comparative Advantage of International Trade Theory

Accinelli Gamba, Elvio and Sánchez Carrera, Edgar J. (2014): Imitative Behavior and Evolutionary Dynamics for the Comparative Advantage of International Trade Theory. Published in: Políticas Públicas , Vol. 2, No. 1 (27. February 2014): pp. 83-94.

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Abstract

We claim that economic agents driven by imitative behavior may impact the industrial specialization of national economies. We use a simple two-country model, where workers and firms decide to be skilled (or unskilled) and innovative (or non-innovative). We show that comparative advantages and international trade, under the assumption of a rational strategic behavior of the economic agents, can lead countries towards either an equilibrium with high-social performance or a poverty trap.

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