Tag Archives: RCA

What is the Revealed Comparative Advantage (RCA) Index? Discuss the advantages and disadvantages of this index as a tool for trade policy analysis.

Description Assignment Problem Set 1: Revealed Comparative Advantage (RCA) a. What is the Revealed Comparative Advantage (RCA) Index? Discuss the advantages and disadvantages of this index as a tool for trade policy analysis. b. For two countries of your choice, calculate the normalized RCA index for every year between 2004-2006. Repeat the exercise for the […]