Markov Chain Based for Predicting the Comparative Advantages of Farm Produce in China and Five Countries of ASEAN
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Abstract
The change of Comparative Advantage is one of key factors to lead to the change of international trade.In this paper, a forecast model for Comparative Advantage based on Markov chain is proposed.It predicted the change trend on Comparative Advantage of farm produce in China and ASEAN.The measures to promote the status of Comparative Advantage of China's farm produce are explored valuably.
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