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This book by the Asia Competitiveness Institute (ACI) presents the inaugural regional competitiveness analysis for the five regions of India as a basis for the Master Plan on Strategic Regional Economic Development using regional classifications as defined by the Confederation of Indian Industry. Potential strategic clusters are identified for intra-regional collaboration given each region's unique strengths and resource endowments to facilitate accelerated economic growth and development which is balanced, fair and sustainable. The book also presents an update of ACI's annual competitiveness analysis of India's 35 states and federal territories. States and federal territories are ranked by ACI's comprehensive methodology by employing 75 indicators across four environments. Going beyond the rankings, the what-if policy simulations offer states and federal territories relevant policy prescriptions based on their respective strengths and weaknesses. A subset of the competitiveness indicators are then utilised for Geweke Causality Analysis to highlight the impact of strong leadership on economic development in the states of Bihar and Tamil Nadu.
This is the only annual study of Indonesia's sub-national competitiveness landscape of 34 Indonesian provinces that is conducted impartially and aimed towards Indonesian policymakers as well as the international audience. With 103 indicators covering four environments and 12 sub-environments of competitiveness, the study's unique methodology incorporates comparative strengths and weaknesses, and 'what-if' policy simulations aimed at policy suggestions for each province. This edition also features a new structure and graphical presentation that offer investors an overview of each province's competitiveness landscape.
Indonesia's diverse economic landscape and growing importance in the global and regional stages warrant deeper understanding of the economy at sub-national levels. This book by the Asia Competitiveness Institute (ACI) is an update of ACI's annual study of the competitiveness landscape of 34 Indonesian provinces. With 100 indicators covering four environments and 12 sub-environments of competitiveness, the study's unique methodology incorporates comparative strengths and weaknesses, and 'what-if' policy simulations aimed at policy suggestions for each province. This fourth instalment continues to feature a structure and graphical presentation that offer investors an overview of each province's competitiveness landscape. Coupled with evidence-based findings and analyses, this book is a recommended read for policymakers, stakeholders and general audience interested in the economic developments of Indonesia's provinces.
This book by the Asia Competitiveness Institute (ACI) undertakes rigorous empirical research relating to competitiveness of states and federal territories in India. The competitiveness framework employed by ACI computes the rankings for the 35 states and federal territories of India by factoring in a plethora of socio-economic development indicators that determine competitiveness. In this book, ACI's competitiveness analysis employs 75 different indicators across four different environments to capture the dynamics of competitiveness in a holistic way at the sub-national level. Further, the book produces a 'What-If' competitiveness simulation exercise to identify the specific policy areas that each state or federal territory must focus on to improve their rankings. Along with competitiveness, the book also presents a comprehensive analysis of issues relating to agricultural productivity at the sub-national level. Specifically, the book discusses the relevance and importance of raising total factor productivity in the agriculture sector in India at the state level and also brings out the extent of intra-state and intra-regional disparities prevalent in the country.
This book undertakes rigorous empirical research on competitiveness of the sub-national economies of India. One of the cornerstones of Asia Competitiveness Institute (ACI)'s research strategies is to factor in the diversity of sub-national economies in a large and diverse country like India and undertake rigorous research that will inform policymakers in these economies. ACI's competitiveness framework computes rankings for all the sub-national economies of India by accounting for a plethora of socio-economic development indicators that determine competitiveness.Into its fourth edition, this book entitled 2016 Annual Competitiveness and Growth Slowdown Analysis for Sub-National Economies of India presents our annual update of competitiveness analysis of India's sub-national economies. ACI's competitiveness analysis employs 75 different indicators across four different environments to capture the dynamics of competitiveness in a holistic way at the sub-national level. The book also has a What-if competitiveness simulation exercise to identify the specific policy areas that each sub-national economy must focus on to improve its rankings.Further to an analysis of competitiveness, the book delves deeper into understanding the dynamics of economic growth of the various sub-national economies in India, which is a significant value-addition to the related literature as the book has a comprehensive and dedicated discussion on the prospects of and determinants of growth slowdown at the sub-national level.
Although the successful economic transformation and reform of China since the 1970s could be regarded as a triumph in human history, China has now entered into the New Normal Era and encountered some slow-down in recent years. The perspective of China's growth under the New Normal Era is relevant for both the domestic and global economies.As the third instalment of ACI's annual tracking of the dynamics of competitiveness for Greater China, this volume includes the rankings and simulation results at both the provincial and regional levels. These offer insights for policy-makers, industry leaders and other stakeholders in identifying challenges and opportunities for sound decision-making. As an important part in determining the success of China's structural change, agricultural productivity is also discussed in detail. Quantitative research is conducted to estimate the agricultural total factor productivity at the provincial level. This provides policy recommendations to help China achieve self-sufficiency in terms of agricultural products.
In the tradition of the Asia Competitiveness Institute (ACI) at the Lee Kuan Yew School of Public Policy, National University of Singapore (NUS), our research publications make a distinctive contribution to the understanding of economic development in Asia by evaluating and tracking competitiveness for the ten ASEAN member states annually since 2000 through combining leading-edge methodologies with an extensive dataset. In this third edition, the competitiveness ranking and simulation study for ASEAN-10 are improved and updated with 121 indicators across four environments. An in-depth assessment of the establishment of the ASEAN Economic Community (AEC) offers important implications for future integration initiatives in the broader Asia Pacific region. Novel empirical frameworks are also applied to provide an estimation of annual agricultural Total Factor Productivity (TFP) growth in eight ASEAN economies and to shed light on the drivers of growth in the travel and tourism industry in Malaysia, Singapore and Thailand.
The book 2016 Annual Competitiveness Analysis and Growth Slowdown Analysis for ASEAN-10 begins by presenting the insights of Mr George Yeo, Former Minister for Foreign Affairs of Singapore, who provides a thoughtful reflection on identities and their continued relevance for policy-making. It then provides an update to the annual competitiveness analysis for ASEAN-10. Based on a rich dataset of 121 indicators, the study covers four environments of competitiveness: (1) Macroeconomic Stability, (2) Government and Institutional Setting, (3) Financial, Businesses and Manpower Conditions, and (4) Quality of Life and Infrastructure Development. It then presents each economy's strengths and weaknesses, and conducts 'what-if' policy simulations to offer insights into the ASEAN economies. Furthermore, given prevailing worries about ASEAN economies falling into the 'middle-income trap', growth slowdown analysis for the ASEAN economies is conducted. Through income-group specific econometric models, determinants of growth slowdown are identified and predictive probability of slowdown for each ASEAN economy is computed. Finally, progress of economic reforms in Cambodia, Laos, Myanmar and Vietnam is evaluated, from which policy implications for these countries' future development are drawn.
The Chinese economy has been playing an increasingly significant role on the global stage. This book is the sixth annual project of Asia Competitiveness Institute studying competitiveness at the sub-national level of Greater China. ACI's flagship competitiveness study not only adopts a comprehensive framework to measure competitiveness by incorporating 102 indicators under four environments and 11 sub-environments, but is also undertaken at the sub-national level to account for the considerable disparities within a large economy like Greater China. The comparative strengths and weaknesses based on the scores and rankings as well as the what-if simulation analysis can be used to formulate development strategies that are specific and of practical value for each sub-national economy and region.The Shapley methodology adopted by ACI introduces a novel approach for the assignment of weights to the various indicators that constitute competitiveness. This concept has introduced an element of objectivity in terms of the assignment of weights. The findings using the Shapley value also tend to validate the robustness of results obtained from the competitiveness studies over the past years.Moreover, the empirical research featured in this book attempts to understand the drivers of exports of Mainland China provinces, with a specific focus on real effective exchange rate movements and volatility. Nowadays with the international flows of goods and capital becoming ubiquitous and comprising an important aspect of national competitiveness, the role of exchange rate is drawing much more policy attention. In view of this, the research findings presented in this book make an important academic and policy contribution by empirically examining the relationship between exports and exchange rate.Finally, the timing of this publication makes it indispensable to include some dedicated discussions of the trade disputes between the US and China. Several topics would be discussed in this book, including China's protection on Intellectual Property Rights, its violation of World Trade Organisation rules, challenges to its economic growth, the development of its three regional megalopolises, and how to mitigate the impact and ramification of its trade war against the US. This book attempts to identify the growing concerns in the US-China trade tension and provide suggestions for China's development in the future.
This book is the only annual study that dissects Indonesia's sub-national competitiveness at both the provincial level (covering 34 provinces) and the regional level (covering six major island groups). Based on a rich dataset of 103 indicators, the study covers four environments of competitiveness: (1) Macroeconomic Stability, (2) Government and Institutional Setting, (3) Financial, Businesses, and Manpower Conditions, and (4) Quality of Life and Infrastructure Development. It also presents each province and region's comparative strengths and weaknesses, and conducts 'what-if' policy simulations to propose policy suggestions.