Competition, Labor Intensity, and Specialization: Structural Changes in Postcrisis Asia | Asian Development Bank

Competition, Labor Intensity, and Specialization: Structural Changes in Postcrisis Asia

Publication | November 2011
Competition, Labor Intensity, and Specialization: Structural Changes in Postcrisis Asia

This paper finds that the exporting pattern in Asia and the degree of competitiveness of Asian economies substantially changed after the Asian crisis, though these structural changes were not caused by labor intensity and wage inflation.

This paper finds that the exporting pattern in Asia and the degree of competitiveness of Asian economies substantially changed in the decade after the Asian crisis. These structural changes were not caused by labor intensity and wage inflation. However, due to data limitations, this paper cannot conclude whether these structural changes come from changes in the cost of capital or changes in total factor productivity.

Contents 

  • Abstract
  • Introduction
  • Conceptual Framework
  • Empirics
  • Concluding Remarks
  • References