Title page for etd-0525118-194844


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URN etd-0525118-194844
Author Rui-Yu Lin
Author's Email Address wei1133127@gmail.com
Statistics This thesis had been viewed 5806 times. Download 213 times.
Department Economics
Year 2017
Semester 2
Degree Master
Type of Document
Language zh-TW.Big5 Chinese
Title The Macroeconomic Effects of Foreign Direct Investment Fluctuations in Taiwan
Date of Defense 2018-06-04
Page Count 54
Keyword
  • dynamic stochastic general equilibrium model
  • the economy of Taiwan
  • small open economy
  • foreign direct investment
  • spillover effect
  • Abstract Since 2008, the foreign direct investment (FDI) as a share of GDP has largely declined in Taiwan from 1.3% in 2008 to 0.46% in 2015. This paper studies the macroeconomic effects of FDI fluctuations in Taiwan, using a small-open dynamic stochastic general equilibrium (DSGE) model. It finds that when FDI as a share of GDP decline by 0.28 percentage points, the impact output falls by 1%. If such a decline become permanent, output declines by 0.3% in the new steady state relative to the steady state without such a decline. When FDI has a bigger spillover effect on technology in the exporting sector, the negative macroeconomic effects on output, consumpution, investment and income are amplified. Quantitative analysis finds that the decline of FDI from 2008 to 2016 leads to an average decrease of output by 0.08% per year.
    Advisory Committee
  • Juin-Jen Chang - chair
  • Chih-Yu Yang - co-chair
  • Shu-Chun Yang - advisor
  • Files
  • etd-0525118-194844.pdf
  • Indicate in-campus at 1 year and off-campus access at 1 year.
    Date of Submission 2018-06-26

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