Competitiveness and Sustainability Relationships in Taiwan

By Michael C. M. Ng.

Published by The Sustainability Collection

Format Price
Article: Print $US10.00
Article: Electronic $US5.00

This paper examines the relationship between competitiveness and economic sustainability through a construction of a new productivity indicator for counties and cities in Taiwan, this paper discusses two different approaches, namely, principle component analysis and equal-weighted average, for constructing competitiveness indicators based on five different dimensions, i.e. investment; skills; innovation; entrepreneurship; competition. The findings are summarized as follow: (1) parsimony principle can be used to construct competitiveness indicator; (2) all variables used in this study are positively related to economic sustainability; (3) both newly constructed and traditional competitiveness indicators can be used as a leading indicator for economic development; (4) traditional drivers for economic development can only partially explain the economic sustainability. In the context of Taiwan’s economy, an economic development policy will also be discussed.

Keywords: Competitiveness, Productivity, Principle Component Analysis, Parsimony Principle

The International Journal of Environmental, Cultural, Economic and Social Sustainability, Volume 6, Issue 1, pp.25-46. Article: Print (Spiral Bound). Article: Electronic (PDF File; 1.445MB).

Michael C. M. Ng

Lecturer (Economics), School of Arts and Social Sciences, The Open University of Hong Kong, Hong Kong, Hong Kong, China


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