Why Is China So Competitive? Measuring and Explaining China’s Competitiveness

F. Gerard Adams, Byron Gangnes () and Yochanan Shachmurove

No 200406, Working Papers from University of Hawaii at Manoa, Department of Economics

Abstract: This paper evaluates factors responsible for the competitiveness of China in the world economy and relative to its East Asian rivals. China has been highly successful in capturing world export markets. Chinese competitiveness is not just a matter of an undervalued exchange and extremely low labor costs. It reflects primarily the coincidence of favorable cost conditions with improvements in China’s ability to produce products that meet world market specifications. These improvements are closely related to foreign participation in China’s economy through foreign direct investment and joint venture enterprises.

Keywords: China exports; comparative advantage; competitiveness; purchasing power parity; exchange rate; undervaluation; international comparisons; foreign direct investment; joint ventures (search for similar items in EconPapers)
JEL-codes: D9 Q3 Q4 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2004-03
New Economics Papers: this item is included in nep-bec, nep-sea and nep-tra
Note: Also Singapore Management University Economics and Statistics Working Paper 07-2004, March 2004
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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http://www.economics.hawaii.edu/research/workingpapers/WP_04-6.pdf First version, 2004 (application/pdf)

Related works:
Journal Article: Why is China so Competitive? Measuring and Explaining China's Competitiveness (2006)
Working Paper: Why Is China So Competitive? Measuring and Explaining China’s Competitiveness (2004)
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