Quantitative Analysis of Economic Complexity and Industrial Competitiveness of Asian Countries

Abstract

This paper mainly quantifies the economic development situation and industrial competitiveness of Asian countries by measuring the Generalized Economic Complexity Index (GECI) and statistical indicators. The measurement results reveal that it can reflect the real and effective national economic industrial competitiveness more accurately than traditional macro-economic indicators promptly. Another new finding is the GECI of economies, which shows clear geographical differences, with relatively the highest in the East Asia. Besides, we compare the potential of industrial upgrading and conclude that China, Turkey and India have stronger industrial upgrading, while Qatar and Kuwait are obviously weaker.