Spillover Effect of Taiwan’s HSR on Financial and Constructional Industry- An Application of Input-output Analysis

• Main Authors: Shu-man Chen, 陳淑滿
• Other Authors: Cheng-Yih Heng
• Format: Others
• Language: zh-TW
• Published: 2007
• Online Access: http://ndltd.ncl.edu.tw/handle/86962686572512845448

碩士 === 朝陽科技大學 === 財務金融系碩士班 === 95 === Input-Output analysis a powerful economic analysis tool. It is usually used for national macroeconomic analysis and regional or departmental development analysis, for example, the impact analysis and research of regional or urban development construction, transportation department, environment department, and energy department. It is used to discuss industrial traits, define industrial relationship; also, to assess the impact of policies on economy and industry. The analysis method is a general Equilibrium Model; therefore, the interaction of industries within the economic body is considered and supported by detailed data. It helps us understand the input of Taiwan High-speed Rail and its interaction with industry. This study utilizes :Input-Output analysis understand the industrial correlation effect resulted from the introduction of Taiwan High Speed Rail project. Construction correlates to Taiwan High-Speed Rail directly. Taiwan High Speed Rail closely correlates to financial industry since its funds originated from governmental expenditure and private sector. Therefore, the study is focusing on the impact of Taiwan High Speed Rail project on public sector and private sector economically. The data collected from the 161 departments in the 2004:Input-Output analysis (Made-in-Taiwan products trade table, it is a domestic concept) of the Executive Yuan are used to establish an industrial correlation model in order to study the industrial correlation between construction industry and financial industry according to the “Taiwan High Speed Rail primary investment amount.” Taiwan High Speed Rail project helps improve investment environment and increase demand and economic growth rate. Taiwan High Speed Rail project is the case study for this research to understand its impact and the extent of its impact on construction industry and financial industry by the industrial correlation analysis. Construction industry leads economy moving forward and financial industry provides the source of fund. The impact of Taiwan High Speed Rail project on Taiwan’s economy is studied with the said effect of industrial correlation on construction industry and financial industry. Keywords:Input-Output analysis Effects of economies Spillover effects HSR project