Export Structure, Technological Capability And Comparative Performance Of India And China In US Market
NATH PRADOSH, BHATTACHARYA SUJIT
National Institute of Science, Technology and Development Studies (NISTADS), K. S. Krishnan Road New Delhi, India
КЛЮЧЕВЫЕ СЛОВА: ASIAN NIES, INDIA-CHINA, TECHNOLOGY AND TRADE, COMPARATIVE ADVANTAGE, EXPORT STRUCTURE, X-EFFICIENCY, X-ADVANTAGE
Contemporary trade theories suggest association between technological capability and gains from export. Export structure of India and China with reference to the structure of US import suggests that higher Chinese gains cannot be explained by technological capability. When overall movement of US import is compared with that of shares of India and China, it appears that they have better share of the market during downswing. The trend is most pronounced in case of China. The paper offers an explanation to the paradox by defining X-advantage that gives a country the advantage of downwardly flexible factor price.
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