Chart of the Week September 9, 2022: R&D Innovation in Singapore

Summary: The patent application data from PATSTAT over the period 2010 to 2019 reveal that high-tech patent applications have exponentially risen in Singapore, suggesting forward-looking innovation in Singapore’s R&D. In contrast, patents applications in other tech levels remain largely stable. The increase in high-tech patent applications was further propelled by government initiatives to strengthen innovation […]

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Has China’s GBA Achieved the Desired Economic Momentum in Guangdong?

Urbanization – manifested through level of infrastructure development, perception of businesses, and state of labor market – has the potential to catalyze economic growth and improve human capital outcomes.  In 2017, the development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) into a megalopolis was codified in a government report in China. GBA consists of […]

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Chart of the Week July 15, 2022: Greater Bay Area Integration: Reallocation of Foreign Direct Investments

Summary: The Chinese government officially launched the integration of the Greater Bay Area in 2017, with the aim of building Hong Kong, Macau and nine mainland cities into a competitive urban agglomeration. With the advancement of this strategy, inward FDI flows increased to other GBA cities as well.  Post the Covid-19 pandemic, the recovery in […]

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Chart of the Week July 1, 2022: Changing Demand for Skills in the Singapore Labour Market

Summary: Asia Competitiveness Institute partnered JobTech to analyse real-time trends in the Singapore labour market. Our study of the job posting data from 2018 to 2021 finds the largest increase in demand for skills related to the STEM fields, such as scripting languages (Python), programming languages (Java), and software development. In contrast, the demand for […]

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Exploring a Possible Factor for Brain Drain in the Contexts of Singapore and Hong Kong- the Role of Attachment to home domicile/country?

This exploratory study examines the importance of attachment to home country (or attachment to home domicile in the case of Hong Kong which is not a sovereign nation), as a determinant of people’s inclination to stay or leave their home country. There have been other competing constructs, such as place attachment, which is the bonding […]

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In terms of the value, quantity, and quality of exports, which countries are more affected by the rise of China?

The paper “Quality Upgrading and Import Competition: Impact of Chinese Competition on Developing Asia” shows the differential impact of Chinese competition on Asian countries, where it concerns their exports to the US. Given similarities in comparative advantage and geography with China, it seems that most Asian countries should be negatively affected, however, based on the […]

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Chart of the Week May 20, 2022: Singapore’s Greenfield Investments Abroad

Summary: In 2021, Singapore experienced a strong rebound in outward greenfield investments, mainly through investments in real estate, retail and the setting-up of data centres. The recovery in Singapore’s greenfield FDI outflows overtook most of the other top Asian investors. Highlights: Article By GEORGE, Ammu Graphic By Yixuan GE

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What’s the optimal trade policy when there’s international knowledge diffusion? The answers may surprise you.

The paper “Trade Policy in a Ricardian World with International Knowledge Diffusion” shows that, although the “non-discrimination” principle is optimal from a static perspective, when dynamic knowledge diffusion is taken into account, countries will set trade policy discriminatively so as to reorient trade towards more technologically advanced trading partners for faster economic growth. The author […]

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Chart of the Week April 22, 2022: Singapore’s Changing Labour Competitiveness

Summary: ACI’s ASEAN Economic Competitiveness Analysis finds that Singapore’s labour market has traded off Labour Market Flexibility for Productivity Performance. Singapore has fallen from being the most flexible market at the start of the study in 2000 to being below the ASEAN-10 average in 2018. In contrast, the Productivity Performance of Singapore has grown with […]

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