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題名 資本投入對薪資成長影響
The Effect of Capital Investment on Wage Growth作者 戴士緯
Tai, Shih-Wei貢獻者 吳文傑
Wu, Wen-Chieh
戴士緯
Tai, Shih-Wei關鍵詞 薪資成長
人力資本
外國直接投資
研發投資
固定資本形成
Wage growth
Human capital investment
Foreign direct investment
R&D
Fixed capital formation日期 2018 上傳時間 31-Jul-2018 13:47:46 (UTC+8) 摘要 薪資成長影響的因素國內外都有許多學者探討過，一直是大家所關注的議題。本文使用了13個國家樣本，橫跨1990~2016年度的不平衡追蹤資料，透過各類的資本投入，包括教育投資、研發投資、外國直接投資和固定資本投資來探討其對於名目薪資成長率的影響效果，並納入在過往文獻中提到能夠影響薪資成長的可能因素當作控制變數，再將13個國家區分為開發中國家和已開發國家，利用固定效果、隨機效果模型以及落後期動態模型進行實證分析。實證結果發現資本投資與名目薪資成長率之間的關聯性，在已開發國家中，外國直接投資以和研發投資呈現正項顯著關聯。而開發中國家則是教育投資、固定資本投資以及外國直接投資呈現正向顯著關聯。
The factors affecting wage growth have been discussed for a long time by many scholars from home and abroad. It has been topics of concern to everyone. The aim of this is to investigate the effect of capital investment on nominal wage growth rate. The capital investment includes education investment, R&D, foreign direct investment, and fixed capital investment. Moreover, we control variables that may affect wage growth mentioned in previous papers as controlled variables to make our empirical results more reliable. Our samples are 13 different country’s unbalanced panel data from 1990 to 2016. We divide samples into developing countries and developed countries to make sure my results will be more clear. Evidences from fixed effects, random effects and dynamic models show that in developed countries, FDI and R&D have a positive impact on wage growth. On the other hand, education investment, fixed capital investment and foreign direct investment have a positive significant impact in developing countries.參考文獻 林佳慧、曾芳代（2007）「高等教育就業養成與第一份薪資之關聯性: 符合人力資本論或篩選理論？」 林耿賢（2015） 「研發投資與全球化對薪資的影響: 以台灣製造業為例」 清華大學經濟學系學位論文 : 頁1-50. 林依伶、楊子霆（2017）「經濟成長，薪資停滯？初探台灣實質薪資與勞動生產力成長脫勾之成因」 No. 17-A012. Institute of Economics, Academia Sinica, 林依伶、蕭宇翔、張天惠（2017）「台灣名目經常性薪資成長影響因素之實證分析－兼論通膨預期與薪資成長的關係」 中央銀行季刊第39卷第1期 張芳全（2006） 「教育對經濟發展貢獻的分析」國立臺北教育大學學報 國立臺北教育大學學報 國立臺北教育大學學報 19.1 : 頁173-210. 張芳全「臺灣的大學類科之教育收益研究: 擴充會減少收益嗎?」. 黃登興（2015）「台灣薪資停滯現象解析-全球化貿易與投資夥伴」社會科學論叢 9.1:33-58. Becker, Gary S, （1962）. "Investment in human capital: A theoretical analysis", Journal of political economy 70.5, Part 2, 9-49. Bhaduri, Amit, and Stephen Marglin. （1990） "Unemployment and the real wage: the economic basis for contesting political ideologies."Cambridge journal of Economics 14.4 p.375-393. Bassanini, A., & Manfredi, T. （2012）. Capital`s grabbing hand? A cross-country/cross-industry analysis of the decline of the labour share. Bentolila, S., & Saint-Paul, G. （2003） “Explaining movements in the labor share”,Contributions in Macroeconomics, 3（1）. Berthold, N., Fehn, R., & Thode, E. （2002）. “Falling Labor Share and Rising Unemployment: Long–Run Consequences of Institutional Shocks?”. German Economic Review, 3（4）, 431-459. Balasubramanyam, V. N., Salisu, M., & Sapsford, D. （1999）. “Foreign direct investment as an engine of growth”, Journal of International Trade & Economic Development, 8（1）, 27-40. Bénassy‐Quéré, A., Coupet, M., & Mayer, T. （2007）. “Institutional determinants of foreign direct investment”. World economy, 30（5）, 764-782. Ballot, G., Fakhfakh, F., & Taymaz, E. （2006）. “Who benefits from training and R&D, the firm or the workers?”, British journal of industrial relations, 44（3）, 473-495. Caves, R. E. （1971）. International corporations: “The industrial economics of foreign investment”, Economica, 38（149）, 1-27. Chow, G. C. （1993）. “Capital formation and economic growth in China”, The Quarterly Journal of Economics, 108（3）, 809-842. Doeringer, Peter B.and Piore M, （1970）. "Internal Labor Markets and Manpower Analysis." Dunning, J. H. （1994）. “Reevaluating the benefits of foreign direct investment.” Guellec, D. （2001）. ”R&D and productivity growth: a panel data analysis of 16 OECD countries.”, ULB--Universite Libre de Bruxelles. Elgin, C., & Kuzubas, T. U. （2013）. Wage-productivity gap in OECD economies. Economics: The Open-Access, Open-Assessment E-Journal, 7（2013-21）, 1-21. Feenstra, R. C., & Hanson, G. H. （1996）.“Globalization, outsourcing, and wage inequality” （No. w5424）. National Bureau of Economic Research. Glen G. Cain, （1976）. “The Challenge of Segmented Labor Market Theories to Orthodox Theory” Journal of Economic Literature, Vol. 14, No. 4 （1976）, pp. 1215-1257 Jeremy I. Bulow and Lawrence H. Summers, （1986）. “A Theory of Dual Labor Markets with Application to Industrial Policy, Discrimination, and Keynesian Unemployment”, Journal of Labor Economics, Vol. 4, No. 3, Part 1 pp. 376-414 Katz, L. F., & Murphy, K. M. （1992）. “Changes in relative wages, 1963–1987: supply and demand factors”, The quarterly journal of economics, 107（1）, 35-78. Kindleberger, Charles P, （1969）, "American business abroad." Thunderbird International Business Review 11-12. Lemieux, T （2006）.“Postsecondary Education and Increasing Wage Inequality”, The American Economic Review, Vol. 96, No. 2 pp. 195-199 Lipsey, Richard G. （2004）, "The relation between unemployment and the rate of change of money wage rates in the United Kingdom, 1862-1957: a further analysis." Economica 1-31. Martins, P. S., & Pereira, P. T. （2004）. “Does education reduce wage inequality? Quantile regression evidence from 16 countries”, Labour economics,11（3）, 355-371. Mehra, Y. P. （1991）. “Wage growth and the inflation process: An empirical note.”, The American Economic Review, 81（4）, 931-937. Mincer, Jacob, （1970）. "The distribution of labor incomes: a survey with special reference to the human capital approach." Journal of economic literature 8.1 1-26. Mincer J, （1975）, “Education, Experience, and the Distribution of Earnings and Employment: An Overview, NBER Chapters,in: Education, Income, and Human Behavior”, pages 71-94 National Bureau of Economic Research, Inc Muto, I., & Shintani, K. （2014）. “An empirical study on the New Keynesian wage Phillips curve: Japan and the US.” The BE Journal of Macroeconomics. Neumark, D., Schweitzer, M., & Wascher, W. （2004）. “Minimum wage effects throughout the wage distribution.”, Journal of Human Resources, 39（2）, 425-450. Phillips, A. W. （1958）. “The Relation Between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861–1957 1”, economica,25（100）, 283-299. Psacharopoulos, G. （1994）, Returns to investment in education: A global update. World development, 22（9）, 1325 Schultz, Theodore W, （1961）. “Investment in human capital." The American economic review” 51.1 1-17. Sharpe, Andrew, Jean-François Arsenault, and Peter Harrison. The relationship between labour productivity and real wage growth in Canada and OECD countries. Ottawa, Ontario: Centre for the Study of Living Standards, 2008. Solow, R. M. （1962）, “Technical progress, capital formation, and economic growth.”, The American Economic Review, 52（2）, 76-86. Spence, M, （1978）, "Job market signaling", Uncertainty in Economics, 281-306. Riddell, W. C., & Smith, P. M. （1982）. “Expected inflation and wage changes in Canada, 1967-81.”, Canadian Journal of Economics, 377-394. Wisman, Jon D. （2013）, "Wage stagnation, rising inequality and the financial crisis of 2008." Cambridge Journal of Economics37.4 921-945. Zavodny, M. （1999）, “Unions and the wage-productivity gap.” Economic Review-Federal Reserve Bank of Atlanta, 84（2）, 44. Guisinger, S. E., Henderson, J. W., & Scully, G. W. （1984）. Earnings, rates of return to education and the earnings distribution in Pakistan. Economics of Education Review, 3（4）, 257-267. 描述 碩士
國立政治大學
財政學系
105255018資料來源 http://thesis.lib.nccu.edu.tw/record/#G0105255018 資料類型 thesis dc.contributor.advisor 吳文傑 zh_TW dc.contributor.advisor Wu, Wen-Chieh en_US dc.contributor.author (Authors) 戴士緯 zh_TW dc.contributor.author (Authors) Tai, Shih-Wei en_US dc.creator (作者) 戴士緯 zh_TW dc.creator (作者) Tai, Shih-Wei en_US dc.date (日期) 2018 en_US dc.date.accessioned 31-Jul-2018 13:47:46 (UTC+8) - dc.date.available 31-Jul-2018 13:47:46 (UTC+8) - dc.date.issued (上傳時間) 31-Jul-2018 13:47:46 (UTC+8) - dc.identifier (Other Identifiers) G0105255018 en_US dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/119096 - dc.description (描述) 碩士 zh_TW dc.description (描述) 國立政治大學 zh_TW dc.description (描述) 財政學系 zh_TW dc.description (描述) 105255018 zh_TW dc.description.abstract (摘要) 薪資成長影響的因素國內外都有許多學者探討過，一直是大家所關注的議題。本文使用了13個國家樣本，橫跨1990~2016年度的不平衡追蹤資料，透過各類的資本投入，包括教育投資、研發投資、外國直接投資和固定資本投資來探討其對於名目薪資成長率的影響效果，並納入在過往文獻中提到能夠影響薪資成長的可能因素當作控制變數，再將13個國家區分為開發中國家和已開發國家，利用固定效果、隨機效果模型以及落後期動態模型進行實證分析。實證結果發現資本投資與名目薪資成長率之間的關聯性，在已開發國家中，外國直接投資以和研發投資呈現正項顯著關聯。而開發中國家則是教育投資、固定資本投資以及外國直接投資呈現正向顯著關聯。 zh_TW dc.description.abstract (摘要) The factors affecting wage growth have been discussed for a long time by many scholars from home and abroad. It has been topics of concern to everyone. The aim of this is to investigate the effect of capital investment on nominal wage growth rate. The capital investment includes education investment, R&D, foreign direct investment, and fixed capital investment. Moreover, we control variables that may affect wage growth mentioned in previous papers as controlled variables to make our empirical results more reliable. Our samples are 13 different country’s unbalanced panel data from 1990 to 2016. We divide samples into developing countries and developed countries to make sure my results will be more clear. Evidences from fixed effects, random effects and dynamic models show that in developed countries, FDI and R&D have a positive impact on wage growth. On the other hand, education investment, fixed capital investment and foreign direct investment have a positive significant impact in developing countries. en_US dc.description.tableofcontents 第一章、緒論 1 第一節 動機、背景與目的 1 第二節 研究方法與限制 4 第三節 研究架構 5 第二章、文獻回顧 5 第一節 理論文獻 5 第二節 實證文獻 9 第三章、計量模型 17 第一節 變數選擇與預期符號 17 第二節 追蹤資料 25 第三節 動態追蹤資料 27 第四章、資料來源與敘述統計 28 第一節 資料來源 28 第二節 敘述統計 30 第三節 解釋變數平均數長條圖 33 第五章、實證結果 49 第一節 全樣本 49 第二節 已開發國家 42 第三節 開發中國家 48 第四節 動態分析 53 第六章、結論與建議 55 參考文獻 58 zh_TW dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G0105255018 en_US dc.subject (關鍵詞) 薪資成長 zh_TW dc.subject (關鍵詞) 人力資本 zh_TW dc.subject (關鍵詞) 外國直接投資 zh_TW dc.subject (關鍵詞) 研發投資 zh_TW dc.subject (關鍵詞) 固定資本形成 zh_TW dc.subject (關鍵詞) Wage growth en_US dc.subject (關鍵詞) Human capital investment en_US dc.subject (關鍵詞) Foreign direct investment en_US dc.subject (關鍵詞) R&D en_US dc.subject (關鍵詞) Fixed capital formation en_US dc.title (題名) 資本投入對薪資成長影響 zh_TW dc.title (題名) The Effect of Capital Investment on Wage Growth en_US dc.type (資料類型) thesis en_US dc.relation.reference (參考文獻) 林佳慧、曾芳代（2007）「高等教育就業養成與第一份薪資之關聯性: 符合人力資本論或篩選理論？」 林耿賢（2015） 「研發投資與全球化對薪資的影響: 以台灣製造業為例」 清華大學經濟學系學位論文 : 頁1-50. 林依伶、楊子霆（2017）「經濟成長，薪資停滯？初探台灣實質薪資與勞動生產力成長脫勾之成因」 No. 17-A012. Institute of Economics, Academia Sinica, 林依伶、蕭宇翔、張天惠（2017）「台灣名目經常性薪資成長影響因素之實證分析－兼論通膨預期與薪資成長的關係」 中央銀行季刊第39卷第1期 張芳全（2006） 「教育對經濟發展貢獻的分析」國立臺北教育大學學報 國立臺北教育大學學報 國立臺北教育大學學報 19.1 : 頁173-210. 張芳全「臺灣的大學類科之教育收益研究: 擴充會減少收益嗎?」. 黃登興（2015）「台灣薪資停滯現象解析-全球化貿易與投資夥伴」社會科學論叢 9.1:33-58. Becker, Gary S, （1962）. "Investment in human capital: A theoretical analysis", Journal of political economy 70.5, Part 2, 9-49. Bhaduri, Amit, and Stephen Marglin. （1990） "Unemployment and the real wage: the economic basis for contesting political ideologies."Cambridge journal of Economics 14.4 p.375-393. Bassanini, A., & Manfredi, T. （2012）. Capital`s grabbing hand? A cross-country/cross-industry analysis of the decline of the labour share. Bentolila, S., & Saint-Paul, G. （2003） “Explaining movements in the labor share”,Contributions in Macroeconomics, 3（1）. Berthold, N., Fehn, R., & Thode, E. （2002）. “Falling Labor Share and Rising Unemployment: Long–Run Consequences of Institutional Shocks?”. German Economic Review, 3（4）, 431-459. Balasubramanyam, V. N., Salisu, M., & Sapsford, D. （1999）. “Foreign direct investment as an engine of growth”, Journal of International Trade & Economic Development, 8（1）, 27-40. Bénassy‐Quéré, A., Coupet, M., & Mayer, T. （2007）. “Institutional determinants of foreign direct investment”. World economy, 30（5）, 764-782. Ballot, G., Fakhfakh, F., & Taymaz, E. （2006）. “Who benefits from training and R&D, the firm or the workers?”, British journal of industrial relations, 44（3）, 473-495. Caves, R. E. （1971）. International corporations: “The industrial economics of foreign investment”, Economica, 38（149）, 1-27. Chow, G. C. （1993）. “Capital formation and economic growth in China”, The Quarterly Journal of Economics, 108（3）, 809-842. Doeringer, Peter B.and Piore M, （1970）. "Internal Labor Markets and Manpower Analysis." Dunning, J. H. （1994）. “Reevaluating the benefits of foreign direct investment.” Guellec, D. （2001）. ”R&D and productivity growth: a panel data analysis of 16 OECD countries.”, ULB--Universite Libre de Bruxelles. Elgin, C., & Kuzubas, T. U. （2013）. Wage-productivity gap in OECD economies. Economics: The Open-Access, Open-Assessment E-Journal, 7（2013-21）, 1-21. Feenstra, R. C., & Hanson, G. H. （1996）.“Globalization, outsourcing, and wage inequality” （No. w5424）. National Bureau of Economic Research. Glen G. Cain, （1976）. “The Challenge of Segmented Labor Market Theories to Orthodox Theory” Journal of Economic Literature, Vol. 14, No. 4 （1976）, pp. 1215-1257 Jeremy I. Bulow and Lawrence H. Summers, （1986）. “A Theory of Dual Labor Markets with Application to Industrial Policy, Discrimination, and Keynesian Unemployment”, Journal of Labor Economics, Vol. 4, No. 3, Part 1 pp. 376-414 Katz, L. F., & Murphy, K. M. （1992）. “Changes in relative wages, 1963–1987: supply and demand factors”, The quarterly journal of economics, 107（1）, 35-78. Kindleberger, Charles P, （1969）, "American business abroad." Thunderbird International Business Review 11-12. Lemieux, T （2006）.“Postsecondary Education and Increasing Wage Inequality”, The American Economic Review, Vol. 96, No. 2 pp. 195-199 Lipsey, Richard G. （2004）, "The relation between unemployment and the rate of change of money wage rates in the United Kingdom, 1862-1957: a further analysis." Economica 1-31. Martins, P. S., & Pereira, P. T. （2004）. “Does education reduce wage inequality? Quantile regression evidence from 16 countries”, Labour economics,11（3）, 355-371. Mehra, Y. P. （1991）. “Wage growth and the inflation process: An empirical note.”, The American Economic Review, 81（4）, 931-937. Mincer, Jacob, （1970）. "The distribution of labor incomes: a survey with special reference to the human capital approach." Journal of economic literature 8.1 1-26. Mincer J, （1975）, “Education, Experience, and the Distribution of Earnings and Employment: An Overview, NBER Chapters,in: Education, Income, and Human Behavior”, pages 71-94 National Bureau of Economic Research, Inc Muto, I., & Shintani, K. （2014）. “An empirical study on the New Keynesian wage Phillips curve: Japan and the US.” The BE Journal of Macroeconomics. Neumark, D., Schweitzer, M., & Wascher, W. （2004）. “Minimum wage effects throughout the wage distribution.”, Journal of Human Resources, 39（2）, 425-450. Phillips, A. W. （1958）. “The Relation Between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861–1957 1”, economica,25（100）, 283-299. Psacharopoulos, G. （1994）, Returns to investment in education: A global update. World development, 22（9）, 1325 Schultz, Theodore W, （1961）. “Investment in human capital." The American economic review” 51.1 1-17. Sharpe, Andrew, Jean-François Arsenault, and Peter Harrison. The relationship between labour productivity and real wage growth in Canada and OECD countries. Ottawa, Ontario: Centre for the Study of Living Standards, 2008. Solow, R. M. （1962）, “Technical progress, capital formation, and economic growth.”, The American Economic Review, 52（2）, 76-86. Spence, M, （1978）, "Job market signaling", Uncertainty in Economics, 281-306. Riddell, W. C., & Smith, P. M. （1982）. “Expected inflation and wage changes in Canada, 1967-81.”, Canadian Journal of Economics, 377-394. Wisman, Jon D. （2013）, "Wage stagnation, rising inequality and the financial crisis of 2008." Cambridge Journal of Economics37.4 921-945. Zavodny, M. （1999）, “Unions and the wage-productivity gap.” Economic Review-Federal Reserve Bank of Atlanta, 84（2）, 44. Guisinger, S. E., Henderson, J. W., & Scully, G. W. （1984）. Earnings, rates of return to education and the earnings distribution in Pakistan. Economics of Education Review, 3（4）, 257-267. zh_TW dc.identifier.doi (DOI) 10.6814/THE.NCCU.PF.020.2018.F07 -
