In our research, we asked a question that is fundamental to understanding national and regional economies: what determines the spatial distribution of skills, occupations, and industries across cities ...

Comparative advantage refers to the fact that a country can produce a product with lower opportunity cost than another product and thus can focus on products and export products with even lower ...

David Ricardo, a Scottish economist, made a perceptive observation that a few individuals, firms, or countries can gain from trading, even if one of them is objectively the best in all activities.

This important study used five metrics to compare the cost-effectiveness of intramural and extramural research funded by the National Institutes of Health in the United States between 2009 and 2019.

In just five years South Korea has gone from selling over US$55 billion more to China than it imported to recording a trade deficit of over US$5 billion at the start of 2023, with an analyst pointing ...

Abstract: At present, the labor cost of China’s manufacturing industry is continuously rising, the labor cost gap between regions keeps widening, and the comparative advantage of low labor cost for ...

If one examines the word chimera in conjunction with the government’s Future Made in Australia policy, it defines the word as “a thing which is hoped for but is illusory or impossible to achieve”. The ...