Teng-kun Wang

The Studies of Privatization and Trade Policies in Taiwan: Ways to Promoting Liberalization Teng-kun Wang

This academic book presents theoretical and empirical analyses of economic and trade policies in Taiwan. The first part concentrates on international trade by developing a theoretical model of strategic export promotion when domestic and foreign firms can affect the policy-making by engaging in lobbying. Lobbying not only decreases national welfare but it also hurts the lobbying party itself. Then it consider the implementation of antidumping laws in Taiwan. We use a Probit analysis that allows for selection bias to explain the actual decisions. The results provide some evidence that is not purely legalistic, i.e. political factors. The second part considers the railroad in Taiwan. It has long been dominated by a single state-owned enterprise. As liberalization and privatisation are considered, we estimate a detailed model of demand for passenger between city pairs by using panel data. This enables us to understand the ntensity of the competition provided by other modes of transportation and to evaluate the effectiveness of possible strategies. Some valuable suggestions will be provided for the railway future performance if privatised.