| Summary: | 碩士 === 淡江大學 === 產業經濟學系 === 84 === This dissertation aims to constructs a general-equilibrium
model withthe assumption that the market of intermediate
goods is monopolisticcompetition. The model explicitly
incorporates an intermediategoods-producing sector in the
analysis to examine the economic effect offoreign capital
inflow in EPZs and to compare with other articles such asDin
(1994), Hamada(1974), Liang&Mai(1989).
The main conclusion of the dissertation is that if the
intermediategoods is nontraded goods, then an increase in
foreign capital inflow in EPZswill raise national income,
provided that export-processing goods islabor-intensive
relative to import-goods and the intensive level is veryhigh.
This conclusion is also the same as Din (1994), but he gets this
withan additional assumption that intermediate goods
is relativecapital-intensive. But it is different from
Hamada that he concludesnational income at domestic prices
will remain the same after increase inforeign investments.
Furthermore, if intermediate goods is nontraded goods, then an
increasein foreign capital inflow in the EPZs will fall national
income.We get thisconclusion Under these assumptions:
first, export-processing goods isintermediate-input-intensive
relative to import-goods and the intensivelevel is very
high; second, the additional assumption that the ratio
ofcapital input in intermediate-goods sector is low. This is
different formHamada and Din dosen''t conclude this point.
At last, we suggest that policy maker should choose
relativelabor-intensive industry in EPZs if the intermediate
goods is nontraded.This is different from Liang&Mai(1989).
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