Ricardian model and structure of Irish trade - comment
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1976Access:
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J. McGilvray, D. Simpson, 'Ricardian model and structure of Irish trade - comment', Economic and Social Research Institute, Economic and Social Review, Vol. 8, No. 1, 1976, 1976, pp76-78Download Item:
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Abstract:
Our choice of a value rather than a physical measure of labour productivity was a conscious decision, not an 'error'. The reasons for this choice were clearly stated on pp. 451-452, footnote 2, o f the article. The weakness o f the alternative approach is revealed by Davies' computations. They would appear to cover only a small proportion of Anglo-Irish Trade. In each industry, there is a wide range of products: this largely accounts for the apparent cross-trading between the two countries. To add together these products as if they were homogeneous means that the resulting labour productivity figure must be of doubtful meaning.
Author: McGilvray, J.; Simpson, D.
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Economic & Social StudiesType of material:
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Economic and Social ReviewVol. 8, No. 1, 1976
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