Globalisation and sticky prices: ‘con’ or conundrum?

Albertson, Kevin, Simister, JG and Syme, T (2015) Globalisation and sticky prices: ‘con’ or conundrum? Real-World Economics Review, 73. pp. 92-98. ISSN 1755-9472

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Official URL: http://www.paecon.net/PAEReview/

Abstract

For a nation with no absolute advantage, specialising in comparatively advantageous production will reduce welfare where prices are sticky. This finding contrasts with the general view that pursuit of comparative advantage will always increase welfare.

Item Type:	Article
Peer-reviewed:	Yes
Date Deposited:	15 Aug 2018 10:49
Publisher:	World Economics Association
Additional Information:	This is an Open Access article originally published in Real-World Economics Review, published by PAE.
Divisions:	Faculties > Business and Law
URI:	https://e-space.mmu.ac.uk/id/eprint/621369
DOI:	https://doi.org/10.13140/RG.2.1.1352.3283
ISSN	1755-9472

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