Year-end Sale % OFF 
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.
Highlights
Since 1980s, both the development level and trade scale of international service trade have been improving rapidly throughout the world
The data reveals that Both Hong Kong and Singapore are playing increasingly significant role in world Knowledge Intensive Business Services (KIBS), while compared with Hong Kong, Singapore take up greater market share, and hold higher comparative advantage
In this paper, Revealed Comparative Advantage (RCA) analysis has been undertaken at both overall KIBS and each KIBS category level
Summary
Since 1980s, both the development level and trade scale of international service trade have been improving rapidly throughout the world. In 2015, world service exports amounted to 4.8 trillion dollars, which contributed about 7 percent to the world GDP. Over the last ten years, world exports in KIBS had doubled, and the average annual growth rate. The strategic role of services and KIBS has been emphasized by many scholars these years. Scholars including Muller & Zenker, Ciriaci, Montresor & Palma [3] and D’Antone & Santos [4] concentrated on studying the role that KIBS played in the innovation system, and their researches concluded that KIBS could contribute to the development of innovation. For sustainable economy growth and industrial structure upgrade, improving competitiveness in service trade, especially in KIBS trade is crucial to individual economy
Sign-in/Register to view highlights & summary 
Published Version (
Free)
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
