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A dynamic evaluation on the international competitiveness of China's rare earth products: An industrial chain and tech-innovation perspective

Jing Shuai, Xinjie Peng, Yujia Zhao, Yilan Wang, Wei Xu, Jinhua Cheng, Yang Lu and Jingjin Wang

Resources Policy, 2022, vol. 75, issue C

Abstract: In the past decades, China's rare earth products have occupied a very important position in the international market. However, the existing literature still lacks an in-depth investigation on how competitive China's rare earth element (REE) products are, especially from an industrial chain and tech-innovation perspective. In this study, we developed a new revealed comparative advantage (NRCA) method by projection pursuit modeling and adopted the constant market share (CMS) model for measuring the long-term dynamic trends of the international competitiveness of China's REE exports. The results show that: (1) The international competitiveness of China's REE products has declined sharply in the past decade, and rebounded only in recent years; (2) The comparative advantages of China's REE products in the industrial chain vary greatly, the mid- and down-stream products have strong comparative advantages, while those in the upstream have no competitive edge; (3) China's REE market share is highly concentrated, and its market structure evolution reveals that the up- and mid-streams have been optimizing, but deteriorating in the down-stream. Based on these findings, we proposed relevant policy recommendations accordingly.

Keywords: Rare Earth Elements (REEs); International competiveness; Industrial chain; Constant market share (CMS); New revealed comparative advantage (NRCA); Projection pursuit modeling (PP) (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1016/j.resourpol.2021.102444

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