Thailand's comparative advantage; 1975 and 1985
In this thesis, Thailand's comparative advantage and its trade patterns are analysed, for the years 1975 and 1985. The marginal domestic resource cost (MDRC) is employed as a measure of comparative advantage. The MDRC is simply defined as the marginal domestic resources, measured at social cost, used in the production of an industry in order to earn or save a unit of foreign exchange. The trade indices, which are the export performance index and the net trade index, are employed to...[Show more]
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