An Investigation of Industrial Structure Change of Taiwan Economy
Date Issued
2009
Date
2009
Author(s)
Yu, Li-Chun
Abstract
From viewpoints of economy and industrial development, this study investigates the correlation of industrial transition between Taiwan and Germany. Besides, this research analyzes if there is coincidence between the transition of the industrial structure and the labor structure in Taiwan. Furthermore, this thesis predicts the future development of industry for Taiwan by the experience of Germany. The important assumption in Dietrich and Krüger (2008) is that the consumers would reach the saturation levels of their consumption for all three industrial sectors. Besides, the long-run transition trend of demand structure and production structure for German industry is also considered. The empirical results demonstrate that the trends for structure weights of three sectors could be verified for German industry either in employment or production structure. The results show that the weight of primary sector (agriculture, mining) has the decayed trend, the weight of secondary sector (manufacturing) has the inverse U-shaped form, and the weight of tertiary sector (services) has the trend of growing up. Based on the theory of Dietrich and Krüger (2008), this paper employs the SUR (seemingly unrelated regressions) Model, to estimate the transition of three sectors in Taiwan from 1981 to 2006. The empirical results show that the weight of primary sector is decayed in employment structure and production structure, the tertiary sector has the trend of growing up, and the secondary sector fits the inverse U-shaped form. Therefore, Dietrich and Krüger (2008) is one of effective theoretical model in doing research of sector development.
Subjects
industrial development
structural change
SUR
industrialization
tertiary
Type
thesis
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