The Interaction of Market Structures and External Exposure Effects on Profit Margins: An Empirical A

  • 研討會日期 : 2003-09-09
  • 時間 : 15:00
  • 主講人 : 崔曉倩教授
  • 地點 : C棟103室
  • 演講者簡介 : 崔曉倩教授為日本筑波大學經濟學博士。 現為中正大學經濟系助理教授。 其主要研究領域為產業經濟及亞太經濟。
  • 演講摘要 : This paper investigates the relationship between exchange rate and profit margins when we take the effect of exchange rate on both input and output prices into account. Using the data of 19 two-digit Taiwanese anufacturing industries over the period of 1981-1994, we find a higher degree of net export exposure in Taiwan. Our empirical results suggest that since the 1987 appreciation of the Taiwanese currency, industries take advantage of the appreciation of the NT dollar, enjoying a reduction in the price of imported inputs into production. The market structures, such as market concentration and products are destined for domestic versus export markets, are showed that the profit margins are affected.