TITLE:
A Comparative Study on Competitiveness of KIBS in HK and Singapore
AUTHORS:
Wenying Deng
KEYWORDS:
Comparative Advantage, KIBS, Hong Kong, Singapore
JOURNAL NAME:
Modern Economy,
Vol.7 No.10,
September
13,
2016
ABSTRACT: The purpose of this paper is to analyze the
competitiveness of Knowledge Intensive Business Services (KIBS) in Hong Kong
and Singapore from 2005 to 2015. In terms of
methodology, we employ three indices—Export Market Share (MS), Revealed Comparative Advantage (RCA) and
Relative Trade Advantage (RTA) to measure competitiveness in selected
sectors. Results show that although Hong Kong and Singapore have taken up greater world market share, neither of them shows strong comparative advantage in overall KIBS. Based on the
RCA index, Singapore has stronger comparative advantage than Hong Kong
on overall KIBS, while the values of RTA index reveal reverse conclusion. Both
the RCA and the RTA indices exhibit the
consistent result that the greatest competitive advantage is earned by
financial services sector in Hong Kong as well as Singapore. Of
particular note, according to the values of
two revealed comparative advantage indices, neither Hong Kong nor Singapore
has comparative advantage in charge for the use of intellectual property
sector.