Since 1817, economists have attempted to generalize the Ricardian model and derive the principle of comparative advantage in broader settings, most notably in the neoclassical specific factors Ricardo-Viner (which allows for the model to include more factors than just labour)Krugman, P.R.; Obstfeld, M.; Melitz, M.J. (2015). "International Trade. Theory and Policy", 10th Edition. Pearson and factor proportions Heckscher–Ohlin models. Subsequent developments in the new trade theory, motivated in part by the empirical shortcomings of the H–O model and its inability to explain intra-industry trade, have provided an explanation for aspects of trade that are not accounted for by comparative advantage. Nonetheless, economists like Alan Deardorff, Avinash Dixit, Gottfried Haberler, and Victor D. Norman have responded with weaker generalizations of the principle of comparative advantage, in which countries will only tend to export goods for which they have a comparative advantage.
Since 1817, economists have attempted to generalize the Ricardian model and derive the principle of comparative advantage in broader settings, most notably in the neoclassical spe,cific factors Ricardo-Viner (which allows for the model to include more factors than just labour)Krugman, P.R.; Obstfeld, M.; Melitz, M.J. (2015). "International Trade. Theory and Policy" 10th Edition. Pearson and factor proportions Heckscher–Ohlin models. Subsequent developments in the new trade theory, motivated in part by the empirical shortcomings of the H–O model and its inability to explain intra-industry trade, have provided an explanation for aspects of trade that are not accounted for by comparative advantage. Nonetheless, economists like Alan Deardorff, Avinash Dixit, Gottfried Haberler, and Victor D. Norman have responded with weaker generalizations of the principle of comparative advantage, in which countries will only tend to export goods for which they have a comparative advantage.