Why is China so Competitive? Measuring and Explaining China's Competitiveness

By Byron G Adams, Byron Gangnes, Yochanan Shachmurove. 2006

135 citations recorded by the source corpus.

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 rate and extremely low labour costs. It reflects the coincidence of favourable cost conditions with improvements in China's ability to produce products that meet world market specififications. These improvements are closely related to foreign participation in China's economy through foreign direct investment and joint venture enterprises.

Subfields: Economics and Econometrics, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/a8e2700cae942d64688aea25b95b6fbd5ff2eb77

Citations in the corpus

• Exchange Rate Volatility and Exports: New Empirical Evidence from the Emerging East Asian Economies (2010, unknown): “This reinforces the views of Adams et al. (2006) and 18 Stock and Yogo (2005) suggest two definitions of weak instruments and provide a table of critical values to test whether instruments are weak by using the Cragg–Donald F-statistic (firststage F-statistics).”
• Rising Wages: Has China Lost its Global Labor Advantage? (2010, unknown): “Most closely related to our work is Adams et al. (2006), who compare China’s manufacturing wages as an important factor of global competitiveness with several neighboring economies, covering the period 1992 to 2001.”