Revealed symmetric comparative advantage of global medical product exports
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 disad...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Human Resource Management Academic Research Society
2024
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| Online Access: | http://psasir.upm.edu.my/id/eprint/117167/ http://psasir.upm.edu.my/id/eprint/117167/1/117167.pdf |
| _version_ | 1848867181186514944 |
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| author | Ismail, Normaz Wana Idris, Zera Zuryana Utit, Chakrin Lee, Chin |
| author_facet | Ismail, Normaz Wana Idris, Zera Zuryana Utit, Chakrin Lee, Chin |
| author_sort | Ismail, Normaz Wana |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-15T14:32:25Z |
| format | Article |
| id | upm-117167 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T14:32:25Z |
| publishDate | 2024 |
| publisher | Human Resource Management Academic Research Society |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-1171672025-04-29T09:06:45Z http://psasir.upm.edu.my/id/eprint/117167/ Revealed symmetric comparative advantage of global medical product exports Ismail, Normaz Wana Idris, Zera Zuryana Utit, Chakrin Lee, Chin 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. Human Resource Management Academic Research Society 2024-08-30 Article PeerReviewed text en cc_by_4 http://psasir.upm.edu.my/id/eprint/117167/1/117167.pdf 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. ISSN 2226-3624 https://hrmars.com/index.php/IJAREMS/article/view/22172/Revealed-Symmetric-Comparative-Advantage-of-Global-Medical-Product-Exports 10.6007/ijarems/v13-i3/22172 |
| spellingShingle | Ismail, Normaz Wana Idris, Zera Zuryana Utit, Chakrin Lee, Chin Revealed symmetric comparative advantage of global medical product exports |
| title | Revealed symmetric comparative advantage of global medical product exports |
| title_full | Revealed symmetric comparative advantage of global medical product exports |
| title_fullStr | Revealed symmetric comparative advantage of global medical product exports |
| title_full_unstemmed | Revealed symmetric comparative advantage of global medical product exports |
| title_short | Revealed symmetric comparative advantage of global medical product exports |
| title_sort | revealed symmetric comparative advantage of global medical product exports |
| url | http://psasir.upm.edu.my/id/eprint/117167/ http://psasir.upm.edu.my/id/eprint/117167/ http://psasir.upm.edu.my/id/eprint/117167/ http://psasir.upm.edu.my/id/eprint/117167/1/117167.pdf |