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題名 A Dynamic General Equilibrium Model for Public R&D Investment in Taiwan
作者 Chuang,Yih-Chyi;Bor,Yungchang Jeffery ;Lai,Wei-Wen;Yang,Chung-Min
貢獻者 政大經濟系
關鍵詞 Public RD investment;CGE model;Economic development policy;Input–output analysis
日期 2010-01
上傳時間 17-Sep-2013 15:54:31 (UTC+8)
摘要 In terms of economic development policies, public research and development (R&D) investment may be one of the most critical and useful tools in Taiwan, having frequently played a role in leading related overall investment in Taiwan. Although the impact channels of R&D investment are varied and complex, its benefits in terms of the development of human capital, industrial productivity, and basic research are clear. With the rapid growth of the private sector in the Taiwan economy, it is, however, debatable whether the government should continue to use the public financial budget to invest in R&D. By using a computable general equilibrium (CGE) model to simulate the impact of public R&D investment on the economy in Taiwan, the empirical evidence of the present paper is that public R&D investment gives rise to different short-term and medium-term impacts on real GDP that are mostly felt in the third or fourth years of their implementation among different industries. These impacts then gradually converge back to equilibrium in the long run. Public R&D investment boosts the technology of high-tech industries and increases exports, but it also crowds out the output of primary industries. Although the public R&D investment has a positive effect on the real wage, its effect on inflation should not be overlooked. Because of the pros and cons surrounding the impact of public R&D investment on industries and the economy, the study provided by the present paper can serve as valuable reference not only to decision-makers in government agencies but also to academic researchers.
關聯 Economic Modelling, 27(1), 171-183
資料類型 article
DOI http://dx.doi.org/10.1016/j.econmod.2009.08.007
dc.contributor 政大經濟系en_US
dc.creator (作者) Chuang,Yih-Chyi;Bor,Yungchang Jeffery ;Lai,Wei-Wen;Yang,Chung-Minen_US
dc.date (日期) 2010-01en_US
dc.date.accessioned 17-Sep-2013 15:54:31 (UTC+8)-
dc.date.available 17-Sep-2013 15:54:31 (UTC+8)-
dc.date.issued (上傳時間) 17-Sep-2013 15:54:31 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/61081-
dc.description.abstract (摘要) In terms of economic development policies, public research and development (R&D) investment may be one of the most critical and useful tools in Taiwan, having frequently played a role in leading related overall investment in Taiwan. Although the impact channels of R&D investment are varied and complex, its benefits in terms of the development of human capital, industrial productivity, and basic research are clear. With the rapid growth of the private sector in the Taiwan economy, it is, however, debatable whether the government should continue to use the public financial budget to invest in R&D. By using a computable general equilibrium (CGE) model to simulate the impact of public R&D investment on the economy in Taiwan, the empirical evidence of the present paper is that public R&D investment gives rise to different short-term and medium-term impacts on real GDP that are mostly felt in the third or fourth years of their implementation among different industries. These impacts then gradually converge back to equilibrium in the long run. Public R&D investment boosts the technology of high-tech industries and increases exports, but it also crowds out the output of primary industries. Although the public R&D investment has a positive effect on the real wage, its effect on inflation should not be overlooked. Because of the pros and cons surrounding the impact of public R&D investment on industries and the economy, the study provided by the present paper can serve as valuable reference not only to decision-makers in government agencies but also to academic researchers.en_US
dc.format.extent 896242 bytes-
dc.format.mimetype application/pdf-
dc.language.iso en_US-
dc.relation (關聯) Economic Modelling, 27(1), 171-183en_US
dc.subject (關鍵詞) Public RD investment;CGE model;Economic development policy;Input–output analysisen_US
dc.title (題名) A Dynamic General Equilibrium Model for Public R&D Investment in Taiwanen_US
dc.type (資料類型) articleen
dc.identifier.doi (DOI) 10.1016/j.econmod.2009.08.007en_US
dc.doi.uri (DOI) http://dx.doi.org/10.1016/j.econmod.2009.08.007en_US