tailieunhanh - Patterns and dynamics of Vietnam’s revealed comparative advantage and export specialization
Patterns and dynamics of Vietnam’s revealed comparative advantage and export specialization. This paper takes investigation into the patterns and dynamics of Vietnam’s revealed com- parative advantage and export specialization. Using various analytical tools, the empiri- cal findings are established as follows. | Journal of Economics and Development , April 2011, pp. 19 - 37 ISSN 1859 0020 Patterns and Dynamics of Vietnam’s Revealed Comparative Advantage and Export Specialization Nguyen Khanh Doanh Thai Nguyen University of Economics and Business Administration, Vietnam Abstract This paper takes investigation into the patterns and dynamics of Vietnam’s revealed comparative advantage and export specialization. Using various analytical tools, the empirical findings are established as follows. First, Vietnam’s exports are dominated by unskilled labor and agricultural resource intensive products. Second, between 2001 and 2009, there has been an overall improvement in Vietnam’s RCA indices. Third, the pattern of Vietnam’s revealed comparative advantage has converged. Fourth, there is a relatively low degree of mobility among industries, which initially have no comparative advantages and those industries, which initially enjoy high comparative advantages, while there is a moderate mobility in the pattern of trade for those industries, which initially have weak comparative advantage and those industries, which initially have medium comparative advantages. Finally, there is a low degree of concentration in Vietnam’s exports, and these export patterns are more or less moving toward diversification. Measures to further liberalize trade policy, increase human capital formation and facilitate technological transfer are remedies for Vietnam to diversify the country’s export structures and move into human capital and technology intensive exports. Keywords: Revealed comparative advantage, export specialization, galtonian regression, transition probability matrix, mobility indices, Gini-Hirschman index, Vietnam. Journal of Economics and Development 19 Vol. 13, , April 2011 1. Introduction Over the last two decades, trade liberalization in Vietnam has been regarded as one of the most important pillars of its reform package. The processes of economic reform beginning .
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