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

Date: November 2011
Type: Papers and Briefs
Subject:
Series: Economics Working Papers
ISSN: 1655-5252 (print)
Author: Jinjarak, Yothin ; Naknoi, Kanda

Description

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, the authors 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