學術產出-Theses

題名 匯率波動與產業結構對產業獲利率之影響:以台灣中游石化業為例
Exchange Rate, Market Structure and Profitability: the Case of Taiwan`s Petrochemical Industries
作者 林育謙
Lin,Yu Chien
貢獻者 王國樑
林育謙
Lin,Yu Chien
關鍵詞 石化業
匯率
產業結構
PCM
日期 2007
上傳時間 18-Sep-2009 16:00:20 (UTC+8)
摘要 本文透過一開放經濟體系寡占模型的建立與推導,於1989年至1997年的期間,針對台灣中游石化產業的18種產品,探討匯率波動與市場結構對產業獲利率所產生之影響。由於實證資料屬panel data,於實證分析時,變異數容易產生異質性變異(heteroskedasticity)的問題,所以本文先對實證模型進行Hausman Test,結果顯示該實證模型適合使用隨機效果模型進行實證估計。根據實證結果發現,原料進口加權匯率對本國廠商內銷獲利率的影響為負向;出口比對本國廠商內銷獲利率的影響為正向;原料進口加權匯率與國內產業集中度的乘積對本國廠商內銷獲利率的影響為正向;原料進口加權匯率與出口比的乘積對本國廠商內銷獲利率的影響同樣為正向。分析上述結果,在國內廠商生產過程中,使用國外進口生產原料超過某一特定比例的假設之下,當本國貨幣貶值時,國內廠商因進口原料成本增加,將導致其內銷獲利率減少,且內銷獲利率減少幅度與市場競爭程度成正比,與出口比成反比。
參考文獻 中文部分
王國樑(1993) ,「進口自由化、公交法與台灣地區中游石化業」,公平交易法與市場機能研討會論文集,頁157-178。
王國樑、林淑芬(2000),「台灣中游石化業進口價格匯率轉嫁彈性之探討」,經濟論文,28(1),頁97-126。
周桂蘭(1992),「進口自由化對台灣市場結構與績效的影響」,國立中興大學經濟研究所碩士論文。
吳信德(2002),「對外直接投資、開放程度與產業獲利率—以台灣中游石化業為例」,國立政治大學經濟研究所碩士論文。
許秀珊(2002),「產業獲利率、產業集中度與進出口比例之關聯性分析—以台灣中游石化業為例」,國立政治大學經濟研究所碩士論文。
張美玲、王國樑、王淑卿(2006),「獲利率、集中度、進口比與出口比:以台灣中游石化業為例」,管理學報,23(6),頁677-690。
英文部分
Bhattacharya, M. (2002), “Industrial Concentration and Competition in Malaysia Manufacturing,” Applied Economics, 34, 2127-2134.
Chou, T. C. (1986), “Concentration, Profitability in A Simultaneous Equation Analysis: The Case of Taiwan,” Journal of Industrial Economics, 34, 429-443.
Clarida, R. H. (1997), “The Real Exchange Rate and US Manufacturing Profits: A Theoretical Framework with Some Empirical Support,” International Journal of Finance and Economics, 2, 177-188.
Dornbusch, R. (1987), “Exchange Rates and Prices,” American Economic Review, 77, 93-106.
Fienberg, R. M. (1986), “The Interaction of Foreign Exchange and Market Power Effect on German Domestic Prices,” The Journal of Industrial Economics, XXXV, 61-70.
Fienberg, R. M. (1989), “The Effect if Foreign Exchange Movements on US Domestic Prices,” Review of Economics and Statistics, 71, 505-511.
Go, L. G., D. R. Kamerschen and C. D. Delorme, Jr. (1999), “Market Structure and Price-Cost Margins in Philippine Manufacturing Industries,” Applied Economics, 31, 857-864.
Guncavdi, O. and B. Z. Orbay (2002), “Exchange Rates, Market Structure and Price-Cost Margins: Evidence from a Developing Country,” Applied Economics, 34, 783-789
Jacquemin, E. de Ghellick and C. Huveneers (1980), “Concentration and Performance in a Small Open Economy,” Journal of Industrial Economics, 29, 131-144.
Khalilzadeh-Shirazi, J. (1974), “Market Structure and Price-Cost Margins in United Kingdom Manufacturing Industries,” Review of Economics & Statistics, 56(1), 67-76.
Krause, L.B. (1962), “Import Discipline: The Case of the United States Steel Industry,” Journal of Industrial Economics, 11, 33-47.
Lee, J. (1997), “The Response of Exchange Rate Pass-Through to Market Concentration in a Small Economy: the Evidence from Korea,” Review of Economics and Statistics, LXXIX, 142-145.
Lerner, A. P. (1934), “The Concept of Monopoly and the Measurement of Monopoly Power,” Review of Economic Studies, 1, 57-75.
Nolle, D. E. (1991), “An Empirical Analysis of Market Structure and Import and Export Performance for U.S. Manufacturing Industries,” Quarterly Review of Economics and Business, 31(4), 60-78.
Tsui, H. C. (2002), “The Interaction of Market Structures and External Exposure Effects on Profit Margins: An Empirical Analysis of Taiwan,” Journal of Economic Development, 27(1), 107-123.
Wang, K. L. (1997), “The Influence of Increased Foreign Competition on Profitability and Concentration in the Taiwan Petrochemistry Industry,” Academia Economic Papers, 25, 45-68.
Wang, K. L. and S. C. Wang (2008), “Profitability, concentration, imports and exports: the case of Taiwan`s midstream petrochemical industries,” Applied Economics, (Accepted and forthcoming).
Yalcin, C. (2000), “Price-Cost Margins and Trade Liberation in Turkish Manufacturing Industry: A Panel Data Analysis,” The Central Bank of the Republic of Turkey, Research Department Discussion Paper.
Yang, J. (1997), “Exchange Rate Pass-Through in U.S. Manufacturing Industries,” Review of Economics and Statistics, LXXIX, 95-104.
Yoon, S. (2004), “A Note on the Market Structure and Performance in Korean Manufacturing Industries,” Journal of Policy Modeling, 26, 733-746.
描述 碩士
國立政治大學
經濟研究所
95258001
96
資料來源 http://thesis.lib.nccu.edu.tw/record/#G0095258001
資料類型 thesis
dc.contributor.advisor 王國樑zh_TW
dc.contributor.author (Authors) 林育謙zh_TW
dc.contributor.author (Authors) Lin,Yu Chienen_US
dc.creator (作者) 林育謙zh_TW
dc.creator (作者) Lin,Yu Chienen_US
dc.date (日期) 2007en_US
dc.date.accessioned 18-Sep-2009 16:00:20 (UTC+8)-
dc.date.available 18-Sep-2009 16:00:20 (UTC+8)-
dc.date.issued (上傳時間) 18-Sep-2009 16:00:20 (UTC+8)-
dc.identifier (Other Identifiers) G0095258001en_US
dc.identifier.uri (URI) https://nccur.lib.nccu.edu.tw/handle/140.119/35779-
dc.description (描述) 碩士zh_TW
dc.description (描述) 國立政治大學zh_TW
dc.description (描述) 經濟研究所zh_TW
dc.description (描述) 95258001zh_TW
dc.description (描述) 96zh_TW
dc.description.abstract (摘要) 本文透過一開放經濟體系寡占模型的建立與推導,於1989年至1997年的期間,針對台灣中游石化產業的18種產品,探討匯率波動與市場結構對產業獲利率所產生之影響。由於實證資料屬panel data,於實證分析時,變異數容易產生異質性變異(heteroskedasticity)的問題,所以本文先對實證模型進行Hausman Test,結果顯示該實證模型適合使用隨機效果模型進行實證估計。根據實證結果發現,原料進口加權匯率對本國廠商內銷獲利率的影響為負向;出口比對本國廠商內銷獲利率的影響為正向;原料進口加權匯率與國內產業集中度的乘積對本國廠商內銷獲利率的影響為正向;原料進口加權匯率與出口比的乘積對本國廠商內銷獲利率的影響同樣為正向。分析上述結果,在國內廠商生產過程中,使用國外進口生產原料超過某一特定比例的假設之下,當本國貨幣貶值時,國內廠商因進口原料成本增加,將導致其內銷獲利率減少,且內銷獲利率減少幅度與市場競爭程度成正比,與出口比成反比。zh_TW
dc.description.tableofcontents 目錄
目錄 ……………………………………………………………………Ⅰ
表次 ……………………………………………………………………Ⅲ
圖次 ……………………………………………………………………Ⅲ
第一章 緒論 …………………………………………………………1
第一節 研究動機與目的……………………………………………1
第二節 研究方法與內容……………………………………………2
第三節 章節架構……………………………………………………3
第二章 文獻回顧………………………………………………………4
第一節 國內文獻……………………………………………………4
第二節 國外文獻……………………………………………………5
第三章 理論模型……………………………………………………10
第一節 基本假設…………………………………………………10
第二節 模型設定…………………………………………………10
第三節 模型推導 …………………………………………………12
第四章 實證模型 ……………………………………………………15
第一節 實證方程式 ………………………………………………15
第二節 資料說明 …………………………………………………18
第五章 實證結果 ……………………………………………………20
第一節 實證方法 …………………………………………………20
第二節 實證結果分析 ……………………………………………21
第六章 結論與建議 …………………………………………………23
數學附錄 ………………………………………………………………25
參考文獻 ………………………………………………………………31
附表 ……………………………………………………………………34


表次
表4-1 實證模型的各種變數衡量公式與資料來源…………………19
表5-1 Hausman Test結果……………………………………………21
表5-2 實證結果………………………………………………………22
附表一 中游石化業產品中英文名稱(僅節錄本文研究產品) ……34
附表二 各產品投入產出公式 ………………………………………35
附表三 固定效果模型檢定 …………………………………………36
附表四 實證結果(已對模型變異數取一致性估計量) ……………36


圖次
圖1-1 新台幣/美元年平均匯率(1983年-1999年)…………………2
zh_TW
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dc.language.iso en_US-
dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G0095258001en_US
dc.subject (關鍵詞) 石化業zh_TW
dc.subject (關鍵詞) 匯率zh_TW
dc.subject (關鍵詞) 產業結構zh_TW
dc.subject (關鍵詞) PCMen_US
dc.title (題名) 匯率波動與產業結構對產業獲利率之影響:以台灣中游石化業為例zh_TW
dc.title (題名) Exchange Rate, Market Structure and Profitability: the Case of Taiwan`s Petrochemical Industriesen_US
dc.type (資料類型) thesisen
dc.relation.reference (參考文獻) 中文部分zh_TW
dc.relation.reference (參考文獻) 王國樑(1993) ,「進口自由化、公交法與台灣地區中游石化業」,公平交易法與市場機能研討會論文集,頁157-178。zh_TW
dc.relation.reference (參考文獻) 王國樑、林淑芬(2000),「台灣中游石化業進口價格匯率轉嫁彈性之探討」,經濟論文,28(1),頁97-126。zh_TW
dc.relation.reference (參考文獻) 周桂蘭(1992),「進口自由化對台灣市場結構與績效的影響」,國立中興大學經濟研究所碩士論文。zh_TW
dc.relation.reference (參考文獻) 吳信德(2002),「對外直接投資、開放程度與產業獲利率—以台灣中游石化業為例」,國立政治大學經濟研究所碩士論文。zh_TW
dc.relation.reference (參考文獻) 許秀珊(2002),「產業獲利率、產業集中度與進出口比例之關聯性分析—以台灣中游石化業為例」,國立政治大學經濟研究所碩士論文。zh_TW
dc.relation.reference (參考文獻) 張美玲、王國樑、王淑卿(2006),「獲利率、集中度、進口比與出口比:以台灣中游石化業為例」,管理學報,23(6),頁677-690。zh_TW
dc.relation.reference (參考文獻) 英文部分zh_TW
dc.relation.reference (參考文獻) Bhattacharya, M. (2002), “Industrial Concentration and Competition in Malaysia Manufacturing,” Applied Economics, 34, 2127-2134.zh_TW
dc.relation.reference (參考文獻) Chou, T. C. (1986), “Concentration, Profitability in A Simultaneous Equation Analysis: The Case of Taiwan,” Journal of Industrial Economics, 34, 429-443.zh_TW
dc.relation.reference (參考文獻) Clarida, R. H. (1997), “The Real Exchange Rate and US Manufacturing Profits: A Theoretical Framework with Some Empirical Support,” International Journal of Finance and Economics, 2, 177-188.zh_TW
dc.relation.reference (參考文獻) Dornbusch, R. (1987), “Exchange Rates and Prices,” American Economic Review, 77, 93-106.zh_TW
dc.relation.reference (參考文獻) Fienberg, R. M. (1986), “The Interaction of Foreign Exchange and Market Power Effect on German Domestic Prices,” The Journal of Industrial Economics, XXXV, 61-70.zh_TW
dc.relation.reference (參考文獻) Fienberg, R. M. (1989), “The Effect if Foreign Exchange Movements on US Domestic Prices,” Review of Economics and Statistics, 71, 505-511.zh_TW
dc.relation.reference (參考文獻) Go, L. G., D. R. Kamerschen and C. D. Delorme, Jr. (1999), “Market Structure and Price-Cost Margins in Philippine Manufacturing Industries,” Applied Economics, 31, 857-864.zh_TW
dc.relation.reference (參考文獻) Guncavdi, O. and B. Z. Orbay (2002), “Exchange Rates, Market Structure and Price-Cost Margins: Evidence from a Developing Country,” Applied Economics, 34, 783-789zh_TW
dc.relation.reference (參考文獻) Jacquemin, E. de Ghellick and C. Huveneers (1980), “Concentration and Performance in a Small Open Economy,” Journal of Industrial Economics, 29, 131-144.zh_TW
dc.relation.reference (參考文獻) Khalilzadeh-Shirazi, J. (1974), “Market Structure and Price-Cost Margins in United Kingdom Manufacturing Industries,” Review of Economics & Statistics, 56(1), 67-76.zh_TW
dc.relation.reference (參考文獻) Krause, L.B. (1962), “Import Discipline: The Case of the United States Steel Industry,” Journal of Industrial Economics, 11, 33-47.zh_TW
dc.relation.reference (參考文獻) Lee, J. (1997), “The Response of Exchange Rate Pass-Through to Market Concentration in a Small Economy: the Evidence from Korea,” Review of Economics and Statistics, LXXIX, 142-145.zh_TW
dc.relation.reference (參考文獻) Lerner, A. P. (1934), “The Concept of Monopoly and the Measurement of Monopoly Power,” Review of Economic Studies, 1, 57-75.zh_TW
dc.relation.reference (參考文獻) Nolle, D. E. (1991), “An Empirical Analysis of Market Structure and Import and Export Performance for U.S. Manufacturing Industries,” Quarterly Review of Economics and Business, 31(4), 60-78.zh_TW
dc.relation.reference (參考文獻) Tsui, H. C. (2002), “The Interaction of Market Structures and External Exposure Effects on Profit Margins: An Empirical Analysis of Taiwan,” Journal of Economic Development, 27(1), 107-123.zh_TW
dc.relation.reference (參考文獻) Wang, K. L. (1997), “The Influence of Increased Foreign Competition on Profitability and Concentration in the Taiwan Petrochemistry Industry,” Academia Economic Papers, 25, 45-68.zh_TW
dc.relation.reference (參考文獻) Wang, K. L. and S. C. Wang (2008), “Profitability, concentration, imports and exports: the case of Taiwan`s midstream petrochemical industries,” Applied Economics, (Accepted and forthcoming).zh_TW
dc.relation.reference (參考文獻) Yalcin, C. (2000), “Price-Cost Margins and Trade Liberation in Turkish Manufacturing Industry: A Panel Data Analysis,” The Central Bank of the Republic of Turkey, Research Department Discussion Paper.zh_TW
dc.relation.reference (參考文獻) Yang, J. (1997), “Exchange Rate Pass-Through in U.S. Manufacturing Industries,” Review of Economics and Statistics, LXXIX, 95-104.zh_TW
dc.relation.reference (參考文獻) Yoon, S. (2004), “A Note on the Market Structure and Performance in Korean Manufacturing Industries,” Journal of Policy Modeling, 26, 733-746.zh_TW