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Research Fields

1.Solicitation of Research Talent

In Taiwan, the attraction of economics for young scholars is incomparable to business and law, rendering it difficult to attain top-ranked students to study economics in universities. Taiwan’s social convention for instant success and immediate gain also causes the population with ambition to engage in economic research to decrease progressively year by year. What causes even more distress is that the number of Taiwanese students who travel to the United States to obtain a doctor’s degree in economics and the number of scholars who go to teach at American universities have all evidently declined in the recent years.

Promotion and reappointment within the institution is strict. The lineup of researchers and scholarly research achievement are quite outstanding. Due to the organization’s optimal competitive system, the demand for colleague academic achievement is clearly higher than various domestic universities, and that of the Asian region and first-class universities. This causes considerable stress on the promotion and reappointment process for new researchers (pressure regarding promotion and succession for new researchers at common universities and other research organizations is comparably lower). Aside from this, treatment of domestic scholarly research personnel is quite rigid. In comparison to the standard employment salary at other organizations, the institute’s salary for a talented individual in the recent years has been fairly lower. This has caused the employment of talented people to become quite difficult.

In response to the difficulty of soliciting talented scholars, aside from advancing the timetable for hire for outstanding recruits, it will simultaneously use the American Economic Association’s (AEA) annual conference as an opportunity to interview and screen outstanding and talented individuals to return to the homeland for employment. In addition, the institution will actively search and recruit young, talented scholars who have intentions of returning to Taiwan, thus expecting to achieve the strongest lineup of scholars. Lastly, aside from a research incentive fee, the institute will use all its effort to provide a fine research environment for scholars, making the institution a place suitable for promotion and succession. The goal is to construct a positive step for talented, young scholars, hoping this will enlist the services of even more talented, young scholars for the Institute of Economics of Academia Sinica in Taiwan.

2.Cultivation of Research Talent

In order to extend the tradition of fine scholarly research achievement, the institution takes into high consideration the new researcher’s capacity to grow. In regards to this, it is highly encouraged that new researchers work together with talented, senior researchers inside and outside the institution and carry out academic exchange, inheriting precious research experience within time. Furthermore, the institute also highly supports young researchers to go to an overseas academic institution to further their education for a short-term, to study and attend international conferences, to carry on overseas academic exchanges with outstanding economic scholars, and to expand research horizons.

In light that funds and resources are usually insufficient for new researchers, the institution will do everything possible in order to provide resources and adequate funding, and to improve the institute’s software and hardware information equipment. The main goal is to reduce stress and create the best research environment. Moreover, the institute also drafted a rigorous and objective promotion system, reappointment system, as well as research result-oriented incentives. In addition, the institution can offer appropriate incentives in the first phase of salary allocation for excellent performance from research colleagues, luring colleagues to create high quality research achievements.

IEAS has long trained professional and efficient economic scholars (including domestic and foreign illustrious professors and important government officials) whose academic performances are recognized by the Academia and have received all sorts of national awards in all fields of economics and business. However, the Institute constantly strives to be better in the spirit of excellence and will continue to push in the direction of higher standards and diverse goals.

3.On The Themes of Research Projects

In the coming 5 years of long-term planning, IEAS will continue focus on "academic research" and "policy research," placing equal emphasis in both of these traditional fields. In one aspect, this is achieved through technical academic research and in the other is the study of the key issues in local communities. Using this collaborative principle, there exists a high amount of academic freedom and choice for researchers to select research focus themes. Thus, a total of 10 research groups are created to generate a diverse panel of interest and goals. We hope that in this way, mutual cooperation between colleagues and faculty can be strengthened and the results of both academic and policy research will be elevated to the highest degree.

The "academic research" contains a total of 8 major research groups. In 2009 and 2010, research will accordingly focus on 8 (theme based) focal points: (1) The overall economy and economic growth, (2) Econometric models and test methods , (3) The formation of human resources and market mechanisms, (4) Economic theory and mathematical economy, (5) The public economy and economy of public health, (6) The environment, resources, and agricultural economy, (7) International economy and industry, (8 ) Economic analysis of family interactions. Our colleagues undertake research on all of these focal points in their fields of study using theoretical and empirical research methods. Our faculty members have accrued considerable achievement in these fields of study and have not only been notably featured in international academic journals but also instrumental in establishing the strong reputation of the Institute on the international scope. We hope that we will reach a higher level of academic excellence through the collaboration of our research groups.

In addition, "policy research" in the past has had strong achievements but was mostly independent and lacked solid integration. This was due in part to government policy to play less of an impact. Due to this, two research groups will be established: (1) Economic forecasts and policy and (2) Public policy research, in order to bring the research faculty with different objectives and fields together. The common ground to bring everything together is based on the context of discussion on economic and public policy and to ultimately form a consensus through which the results of research will be presented at academic conferences. The overall effect is that the research journals published under high standards will then positively affect the future of government policy.

In studying the recruitment of qualified and competent and faculty and personnel, it has been concluded that development and diversity are key to drawing talent. IEAS draws from a variety of fields including the pool of outstanding young talent. Performance is always a vital aspect so that IEAS may further advance academically. In order to achieve this goal, to uphold the highest academic standards in the highest degree, it is crucial to not only advance in the research arena but in innovation as well. It is imperative to focus on "quality" and not "quantity" of research in order to improve. By improve ability and gaining advantage in diversity, the institute may then further become the center of academic research.