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Changing Industrial Structure and Competitive Patterns of Manufacturing and Non-Manufacturing in a Small Open Economy: An Entropy Measurement

Linda Fung-Yee Ng
Managerial and Decision Economics
Vol. 16, No. 5, Special Issue: Hong Kong: The Economy in Transition (Sep. - Oct., 1995), pp. 547-563
Published by: Wiley
Stable URL: http://www.jstor.org/stable/2487967
Page Count: 17
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Changing Industrial Structure and Competitive Patterns of Manufacturing and Non-Manufacturing in a Small Open Economy: An Entropy Measurement
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Abstract

This paper studies the industrial concentration and competitive patterns of Hong Kong, a typical small open economy, via an entropy measurement. A relatively low degree of concentration was found to exist. Manufacturing showed decreasing concentration for 1976-81 and increasing concentration after 1987. Non-manufacturing had decreasing concentration since 1982. A structural change between the sectors had occurred. The size of the domestic market seemed unimportant in determining the level of concentration in a small open economy with free trade. The open-door policy of the PRC which facilitated free resource mobility and outward investment between the two regions should be important to contribute such patterns.

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