Industrial Capital Intensity and Comparative Advantages Dynamism of Indonesian Export Products  

Oleh:

Setyari, Ni Putu Wiwin ; Widodo, Tri ; Purnawan, Muhammad Edhie

Jenis: Article from Journal - ilmiah nasional - terakreditasi DIKTI
Dalam koleksi: Jurnal Ekonomi Pembangunan vol. 16 no. 2 (Dec. 2015), page 107-120.
Topik: neoclassical models; capital movements; business; comparative advantage
Fulltext: 1455-2545-1-SM.pdf (710.71KB)

Isi artikel

The development of new trade theory which incorporates the interaction between trade and interna-tional capital flows indicates if the possibility of changes in a country's comparative advantage due to the opening of international capital flows. International capital flows allow for changes in the industrial structure of a country depends on the composition of the products produced in that coun-try. More capital-intensive types of products produced by a country, the greater the need for capital and the higher marginal rate of capital that can be given to attract greater international capital flows. Therefore, a comparative advantage should be seen as dynamic rather than static. As a coun-try with large population, Indonesia tends to specialize in labor-intensive products. The other hand, efforts to attract foreign direct investment are very intensively conducted. The estimation results indicate if there was a shift in the pattern of industrial specialization Indonesia, from labor-inten-sive tends toward capital intensive.

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