Dynamic Comparative Advantage and Technology Innovation of China's Shipbuilding Industry

Since 1990s, production and international trade of China's shipbuilding industry has soared shapely. Three indicators in the shipbuilding industry of China surpassed those of Korea completely in 2010, which means that China has become the world's largest shipbuilding country. Meanwhile, China exports 28364 million dollars, ranked second in the world. Under this background, this paper first analyzes revealed comparative advantage of Chinese export ships. Then give an empirical research of dynamic comparative advantage of China's shipbuilding through Markov random process. Finally, present concrete proposals for improvement of comparative advantage of China's shipbuilding.