The revealed comparative advantage is an index used in international economics for calculating the relative advantage or disadvantage of a certain country in a certain class of goods or services as evidenced by trade flows. The Table 1 presents the average of Revealed Comparative Advantage index (RCA) of RCEP countries and India for the period 2000 and 2018 for 13 product categories as described by WITS (world Integrated Trade Solutions). Definition: The RCA index is defined as the ratio The World Integrated Trade Solution (WITS) is a trade software provided by the World Bank for users to query several international trade databases.. Revealed comparative advantage (ct’d) • A disadvantage of the RCA index is that it is asymmetric, i.e. The Analysis of Revealed Comparative Advantage: India. The study used three indexes – the Revealed Comparative Advantages Index (RCA), Revealed Symmetric Comparative Advantage (RSCA) and Trade Balance Index (TBI) – to assess the revealed comparative advantage and competitiveness of wood pulp in the United States of America, Brazil, Canada, Sweden, Finland and China. Brazil’s lowest weighted average tariff among the good represented on the chart is 6.24 percent for chemicals; the highest is 21.01 percent in transportation. The products the United States has a revealed comparative advantage in compared to Brazil are more diverse, from capital goods to chemicals. Revealed Comparative Advantage Data. The HS4-digit product level data was obtained from World Integrated Trade Solution (WITS) UNCTAD COMTRADE database. The analysis shows broad The paper also analyses comparative advantage according to factor intensity. Here’s how it works. – The purpose of this paper is to analyze the competitiveness of selected services: business, financial, transport and travel services in developing countries in relation to that of the rest of the world based on three indices of revealed comparative advantage., – The study uses revealed comparative advantage (RCA) indices to measure developing countries' comparative advantages in … The paper identifies the pattern of revealed comparative advantage using the Balassa (1965) index for export data. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Revealed comparative advantage indices (RCA) use the trade pattern to identify the sectors in which an economy has a comparative advantage, by comparing the country of interests’ trade profile with the world average. The revealed comparative advantage (RCA) index is a useful tool that cuts out the laborious work of trying to assess all the factors that might determine comparative advantage but still captures relative costs and differences in non-price factors. It most commonly refers to an index, called the Balassa index, introduced by Béla Balassa (1965). It is based on the Ricardian comparative advantage concept.. The index has been calculated at the sector and commodity level of the Harmonized System of classification. unbounded for those sectors with a revealed comparative advantage, but it has a zero lower bound for those sectors with a comparative disadvantage • A solution is to rely on a simple normalization proposed by Laursen (2000). Find Out Toggle navigation. Who We Are. INTERNATIONAL JOURNAL OF SCIENTIFIC & TECHNOLOGY RESEARCH VOLUME 6, ISSUE 05, MAY 2017 ISSN 2277-8616 10 IJSTR©2017 a. Source: Own composition based on WITS (2016) data .