THE IMPACT OF INNOVATION ON THE COMPETITIVENESS OF THE AUTOMOTIVE SECTOR IN ASIAN COUNTRIES

OpenAlex Türkçe

The study aims to identify which innovation variables are more effective in enhancing the competitiveness of the automotive sector. It investigates the impact of innovation variables on the revealed comparative advantage index of OICA member countries in Asia using panel data analysis covering the period from 1995 to 2021. The study finds that industrial value-added is a positive determinant of competitiveness across selected Asian countries. However, country-specific results indicate that education expenditures in China and Thailand, and oil consumption in South Korea, positively influence the competitiveness of the automotive sector. These findings suggest that innovation activities involving technological, human capital, and environmental indicators contribute to the sector's competitiveness.