Jim Whitney | March 16, 2011 |
U.S. resource endowments and trade
U.S. Share of world output: | 28.6% | |
Resource |
U.S. share of world resource endowment |
Endowment share >,< output share? |
R&D scientists | 50.7% | ___ |
Physical capital | 33.6% | ___ |
Arable land | 29.3% | ___ |
Skilled labor | 27.7% | ___ |
Semi-skilled labor | 19.1% | ___ |
Unskilled labor | 0.2% | ___ |
Specialization rank | Revealed comparative advantage index | |
Fresh food | 102 | 1.52 |
Non-electronic machinery | 14 | 1.38 |
Electronic components | 15 | 1.33 |
Miscellaneous manufacturing | 19 | 1.31 |
Transport equipment | 20 | 1.22 |
Chemicals | 19 | 1.18 |
Wood products | 59 | 0.93 |
IT & Consumer electronics | 22 | 0.92 |
Processed food | 110 | 0.75 |
Basic manufactures | 79 | 0.63 |
Textiles | 67 | 0.61 |
Minerals | 113 | 0.35 |
Clothing | 105 | 0.23 |
Source: UNCTAD/WTO. International Trade Center
<http://www.intracen.org/menus/countries.htm>
The "Revealed comparative advantage index" measures the
country's revealed comparative advantage in exports according to the Balassa
formula. The index compares the share of a given sector in national exports
with the share of this sector in world exports. Values above 1 indicate that
the country is specialized in the sector under review.
The "Specialization rank" is the ranking of the
specialization indices across countries: Rank 1 indicates that the country
has the highest specialization index in the world for the sector under
review.