Ismail, Normaz Wana and Idris, Zera Zuryana and Utit, Chakrin and Lee, Chin (2024) Revealed symmetric comparative advantage of global medical product exports. International Journal of Academic Research in Economics and Management Sciences, 13 (3). pp. 359-374. E-ISSN 2226-3624
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Abstract
This study investigates the comparative advantages of medical product exportation among the leading exporters. We extend the traditional Balassa index by applying a revealed symmetric comparative advantage (RSCA) index that corrects the asymmetry in measuring exports’ comparative advantages or disadvantages. This study includes four groups of medical export products: medicines, medical supplies, medical equipment and technology, and personal protective equipment (PPE). We analyze data from the top 24 exporters in the world, which account for more than 80% of the export value spanning from 2015 to 2019. The findings indicate that high-income countries, specifically Switzerland, Japan, and Denmark, have a leading comparative advantage in medicines, medical supplies, and medical equipment and technology; however, China, Hong Kong, and the Czech Republic are among the leading producers of PPE. These findings provide a foundation for policy formulation to develop sustainable healthcare capacities
| Item Type: | Article (Journal) |
|---|---|
| Uncontrolled Keywords: | Comparative Advantage, Medical Products, Rsca, Export, Competitiveness. |
| Subjects: | H Social Sciences > H Social Sciences (General) H Social Sciences > HF Commerce |
| Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): | Kulliyyah of Economics and Management Sciences > Department of Economics |
| Depositing User: | Dr Zera Zuryana Idris |
| Date Deposited: | 03 Feb 2025 17:28 |
| Last Modified: | 03 Feb 2025 17:28 |
| URI: | http://irep.iium.edu.my/id/eprint/119021 |
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