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The Competitiveness of Manufacturing and Its Driving Factors: A Case Study of G20 Participating Countries

Author

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  • Zixin Dou

    (School of Management, Guangzhou University, Guangzhou 510000, China)

  • BeiBei Wu

    (School of International Trade and Economics, University of International Business and Economics, Beijing 100029, China)

  • Yanming Sun

    (School of Management, Guangzhou University, Guangzhou 510000, China
    Research Center for High Quality Development of Modern Industry, Guangzhou University, Guangzhou 510000, China)

  • Tao Wang

    (Department of Building Surveying, Faculty of Built Environment, University of Malaya, Kuala Lumpur 50603, Malaysia)

Abstract

With the rapid development of high quality industries, it is particularly important to study the sustainable competitiveness of manufacturing and its driving factors. The aim of this paper is to build the whole competitiveness index to analyze the recent development trends of manufacturing in G20 participating countries from 2008 to 2018. Meanwhile, based on the diamond theory, this paper adopted a panel regression model to conduct an empirical analysis on various factors that affect the sustainable competitiveness of manufacturing. These results showed the following: (1) Transport services have the most significant effect on manufacturing in developing countries. (2) Intellectual property only has a positive and significant effect on manufacturing in developed countries. (3) Information technology plays a significant role in all countries, but it is more effective in developed countries. Finally, this paper puts forward some suggestions for the sustainable development of manufacturing.

Suggested Citation

  • Zixin Dou & BeiBei Wu & Yanming Sun & Tao Wang, 2021. "The Competitiveness of Manufacturing and Its Driving Factors: A Case Study of G20 Participating Countries," Sustainability, MDPI, vol. 13(3), pages 1-17, January.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:3:p:1143-:d:485158
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