Revealed Comparative Advantage (RCA)

RCA or Revealed Comparative Advantage have
been used to assess a country’s export potential. This method indicates a trade
potential of a product compare with the total world trade. This method can also
provide useful information about potential trade prospects with new partners.

RCA_ij = (x_ij/X_it) / (x_wj/X_wt)

x_ij and x_{wj =} values of country i’s exports of product j and world exports of product j

X_it and X_{wt =} country’s total exports and world total exports

for result if :

RCA_ij > 1 Country i has a revealed advantage in product j.

RCA_ij < 1 Country i has a revealed disadvantage in productj.

Short Time For Blogging

Likely for next few months, I'll be so busy for my work office, I got a new assignment from my boss. Well, everyday I should collect as many as data from any source content economy, business, politic data of a country in my region. Therefore as my new assignment here, the time to browse about trend in internet may no longer I post here. So, I have idea to post a new topic which is not very popular among blogger. My new topic is about database of economic of some country, especially for my focus task. The data will update every month even I have to report it to my boss every Monday. This kind of data may consist GDP, Trade Balance, demography, export, import, regional relationship, bilateral relationship, etc.