A Study of Trade in Intermediate Goods of Taiwan’s Export Industry
Date Issued
2009
Date
2009
Author(s)
Huang, Kuo-wei
Abstract
In the past, theoretical and empirical researches have been focusing on trade in final goods. And one, in Taiwan, can find few researches on trade in intermediate goods. The cause and influence of trade in intermediate goods has caught more attention due to its rapidly-increased proportion of world trade in recent decades. This article aims to discuss how the global manipulations of manufacturing drive the export of intermediate goods, taking Taiwan as an example. We employ sampling data on exporter firms in 2006, and conduct regression analyses using Logit, Tobit, and Heckman sample selection models. Some findings are discovered. Firms which operate “receiving orders in Taiwan and producing abroad” and have higher proportion in orders manufactured by themselves tend to import semi-finished foods from Taiwan and greater dollar amount. FDI on the purpose of gaining internalization advantages not only reduces the inclination for component of Taiwan but also lowers the quantity demanded. Enterprises investing abroad directly or classified as manufacturers show higher probabilities to import intermediate goods from parent country. In addition, some variables(eg. scale of parent firm, R&D intensity, difference of GDP per capita between parent and host country, etc.) are not statistical significant in the models though, they show same impact direction with the outcomes of previous researches. The techniques, contents, and objectives of global manipulations have great influences on intermediate exports.
Subjects
trade in intermediate goods
receiving orders in Taiwan and producing abroad
intra-firm trade
Tobit model
Type
thesis
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