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Productivity, Competitiveness and Incomes in Asia

an Evolutionary Theory of International Trade. New Horizons in Institutional and Evolutionary Economics Series

Format: Hardback
Publisher: Edward Elgar Publishing Ltd, Cheltenham, United Kingdom
Published: 26th Oct 2005
Dimensions: w 156mm h 234mm d 20mm
Weight: 360g
ISBN-10: 1843765853
ISBN-13: 9781843765851
Barcode No: 9781843765851
The authors of this book link productivity change, trade competitiveness, networks of interaction and cooperation and income growth in developing Asian countries with the complex evolutionary processes of economic development and international trade. They take an innovative approach to simulating the complex micro-dynamics of competitiveness in order to distinguish those trade-related microeconomic dynamics and institutional reforms vital to leading countries out of institutional and poverty traps. Real competitiveness changes in six countries (Bangladesh, India, Indonesia, Nepal, Pakistan and Thailand) are measured from 1991 to 2000 with detailed international export unit value comparisons, to detect structural changes towards technology and knowledge intensive goods in trade patterns. No significant structural change was detected in the six countries during that period. Evolutionary trade theory is presented in two models and is calibrated with transaction and trade data from West Bengal and Nepal. These reveal that lower transport costs - resulting from investment in transport and institutional reforms related to the investment and trade environment - result initially in small productivity differences that can be amplified in a non-linear evolutionary system and eventually lead to a spatial restructuring of the system, and to a structural change in the trade patterns. The models in this path-breaking book can be used to explore the impact of a variety of interventions and policies.

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