Abstract
This paper is focused on confirmatory analysis of  key determinants of competitiveness in the textile sector, with special reference to Pakistan. Researchers have conducted a survey that is designed to use financial side, productivity side, supply side, and demand side determinants to measure firms’ level Competitiveness. Primary data was collected at seven point scale from 354 respondents representing145 Listed Textile Companies at KSE. Collected data was then analyzed by using the confirmatory factor analysis to find out the rate of interdependency between the dependent and independent variables. The result shows that highest impact is being shown by the demand side determinants followed by financial side determinants. While the impact of productivity side and supply side determinants remained comparatively low.
Highlights
Globalization and liberalization of economies at very fast speed, and due to a great development in the means of transportation and communication whole world is becoming accessible market for large as well as medium and small business organizations
It is an axiom that acceleration in the movement of capital and goods globally, termed conventionally „globalization‟ carries both serious potential threats and immense opportunities. It will be the international competitiveness of firms, in particular economies, that will determine how far opportunities are converted into lasting national benefits or alternatively how far the loss by the potential threats been suffered
The values for financial model were within the critical limit only for Comparative Fit Index (CFI), Goodness-of-fit Index (GFI), Root Mean Square Error of Approximation (RMSEA) and CMIN
Summary
Globalization and liberalization of economies at very fast speed, and due to a great development in the means of transportation and communication whole world is becoming accessible market for large as well as medium and small business organizations. It is an axiom that acceleration in the movement of capital and goods globally, termed conventionally „globalization‟ carries both serious potential threats and immense opportunities. It will be the international competitiveness of firms, in particular economies, that will determine how far opportunities are converted into lasting national benefits or alternatively how far the loss by the potential threats been suffered. International and domestic environment industrial competitiveness will have a critical bearing on economic prospects for the probable future. Due to inefficiency and poor competition at domestic level and relying heavily on imports which could lead to worse economic conditions for Pakistan (Choudhry & Amin, 2012)
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