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Manufacturing Competitiveness in East Asian Countries: Challenges and Prospects

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  • Yunhua Liu

    (School of Public Administration and Policy, Renmin University of China, 59 Zhongguancun Street, Haidian District, Beijing 100872, P. R. China)

  • Sarah Chan

    (School of Humanities and Social Sciences, Nanyang Technological University, 14 Nanyang Drive, Singapore 637332, Singapore)

Abstract

We use a panel data set of seven East Asian countries for the time period 2000–2010 to evaluate the importance of four determinants for manufacturing competitiveness by estimation the proxy export equation. The four main determinants examined are demander's national income, real effective exchange rate (REER), unit labor cost and provision of infrastructure. The results show the importance is changing with country's characteristics. Raising labor productivity and improving infrastructure are two universal requirements for long-term competitiveness in manufacturing.

Suggested Citation

  • Yunhua Liu & Sarah Chan, 2014. "Manufacturing Competitiveness in East Asian Countries: Challenges and Prospects," China Economic Policy Review (CEPR), World Scientific Publishing Co. Pte. Ltd., vol. 3(01), pages 1-26.
    • Handle: RePEc:wsi:ceprxx:v:03:y:2014:i:01:n:s1793969014500046
    DOI: 10.1142/S1793969014500046
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    References listed on IDEAS

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    1. Richard Arena & Pier Luigi Porta, 2012. "Structural change and economic dynamics," Post-Print halshs-00727175, HAL.
    2. David Dollar & Edward N. Wolff, 1993. "Competitiveness, Convergence, and International Specialization," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262041359, December.
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    Keywords

    East Asian; manufacturing competitiveness;

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