Title: Opportunity Identification of Industrial Upgrading in China
Abstract: Achieving industrial upgrading is an important aspect of China’s transformation of development mode,but in order to effectively accomplish this task,it’s necessary to find what will be potential comparative advantageous industries.Based on the latest global trade database,this paper further tests the proposition on heterogeneity of product space provided by comparative advantage evolution theory,provides analysis of the evolution of China’s and most of other countries’ product space.Based on product space theory,China’s recent potential comparative advantageous industries are predicted and evolution track of industries conditioned on different proximity threshold are discussed.It’s found that China’s upgrading ability is limited.The amount of China’s comparative advantageous industries and potential comparative advantageous industries in the near future is more than that of the global on average,but considering the long-term situation,the amount of potential comparative advantageous industries,the sustainability of potential comparative advantageous industrial evolution are fewer than those of the global on average.The dilemma that China faces in industrial upgrading is,too big pace for industrial upgrading will give serious shocks on the current economic growth,too small pace to maintain sustainable economic growth.Considering that China’s industrial upgrading capability,the best strategy to realize the adjustment of industrial structure and industrial upgrading is the inclusive upgrading,to give full play to the advantages of Chinese industrial diversification and portfolio effects.
Publication Year: 2013
Publication Date: 2013-01-01
Language: en
Type: article
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