The effects of public infrastructure capital on the cost structure

• Main Authors: LO, SHIH-YUAN, 羅詩苑
• Other Authors: LEE, SHIEN-FENG
• Format: Others
• Language: zh-TW
• Published: 2003
• Online Access: http://ndltd.ncl.edu.tw/handle/64069300957061659813

碩士 === 國立臺北大學 === 財政學系 === 91 === In the recent years, Taiwan’s economy is under pressure. The economic growth rate has sharply decreased and the unemployment rate has also increased in an unbelievably fast pace. Many policies are provided to boost the economy and the popular morale. Especially about on the expansion of public investment, which is confirmed to be an important policy. In our study, we use cost function approach to examine the impact of whole public infrastructure capital, public enterprises public infrastructure capital and general government public infrastructure capital on the cost structure of Taiwan manufacturing industries. during the period 70-86. This study has emphasized that no matter what the classification of public infrastructure capital is, the public capital shadow price is positive .It means that public capital formation has cost saving effect. In other words, our results suggest that public infrastructure capital has contribution to the productivity of Taiwan manufacturing industries.