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Wage Structure Effects of Taiwan's Science and Technology Development Policy


  • James P. Vere


This article extends the demand shift analysis of Katz and Murphy (1992) to examine the impact of Taiwan's science and technology development policy on the wage structure between 1979 and 1998. Changes in factor demand are required to account for changes in the wage structure throughout this time. Decomposing factor demand shifts by industry reveal that for men with a vocational college education, the policy can account for 30 percent of the increase in demand; for a university qualification, the amount is 20 percent. It is argued that the policy effect was mostly exogenous. Copyright 2005 East Asian Economic Association..

Suggested Citation

  • James P. Vere, 2005. "Wage Structure Effects of Taiwan's Science and Technology Development Policy ," Asian Economic Journal, East Asian Economic Association, vol. 19(2), pages 159-180, June.
  • Handle: RePEc:bla:asiaec:v:19:y:2005:i:2:p:159-180

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    References listed on IDEAS

    1. Dailami, Mansoor & Han Kim, E., 1995. "The effects of debt subsidies on corporate investment behavior: The Korean experience," Pacific-Basin Finance Journal, Elsevier, vol. 3(1), pages 137-137, May.
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    4. N. Gregory Mankiw, 1986. "The Allocation of Credit and Financial Collapse," The Quarterly Journal of Economics, Oxford University Press, vol. 101(3), pages 455-470.
    5. Gale, William G, 1991. "Economic Effects of Federal Credit Programs," American Economic Review, American Economic Association, vol. 81(1), pages 133-152, March.
    6. Bruce D. Smith & Michael J. Stutzer, 1989. "Credit Rationing and Government Loan Programs: A Welfare Analysis," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 17(2), pages 177-193.
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    Cited by:

    1. Bishop, John A. & Grodner, Andrew & Liu, Haiyong & Chiou, Jong-Rong, 2007. "Gender earnings differentials in Taiwan: A stochastic frontier approach," Journal of Asian Economics, Elsevier, vol. 18(6), pages 934-945, December.

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