Understanding the competitive advantage of TPP-related nations from an econophysics perspective: Influence caused by China and the United States

Lizhi Xing, Jun Guan, Xianlei Dong and Shan Wu

Physica A: Statistical Mechanics and its Applications, 2018, vol. 502, issue C, 164-184

Abstract: A new analytical framework of relatively competitive advantages of economies is established in this paper, which involves distinguishing functions of industrial sectors on the global value chain with bipartite graph theory and extracting inter-sector competitive relations through resource allocation process. Furthermore, it introduces network-based quantitative indices to measure the competitive advantage on the level of industrial sector and country respectively, taking scarcity of industrial resources into consideration. Finally, it carries out scenario simulation to analyze impacts on 13 TPP-related countries’ competitiveness under four kinds of scenarios. Results show that a TPP without both the United States and China will undermine the two countries’ competitiveness, and China’s impact on GVC will be truly weaken if a TPP agreement led by the United States is reached and vice versa. Anyway, A TPP including both these two countries would serve the mutual interests

Keywords: Global value chain; Bipartite graph; Resource allocation process; Inter-country input–output table; Competitive advantage; The Trans-Pacific Partnership agreement (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:502:y:2018:i:c:p:164-184

DOI: 10.1016/j.physa.2018.02.126

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