Competition, Labor Intensity, and Specialization: Structural Changes in Postcrisis Asia
Yothin Jinjarak and Kanda Naknoi find 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.
- Conceptual Framework
- Concluding Remarks