Over the past four decades Taiwan's economy has experienced significant structural change. At the outset of this period, Taiwan was just recovering from the ravages of World War II, and the economy was heavily dominated by the agricultural sector, which accounted for one-third of the net domestic product, more than half (56 percent) of total employment, and 92 percent of total exports. By 1988 ...

In order to achieve a sustainable development, circular economy approaches and circular material flows are explored in industry. However, circular information flows remain essentially unestablished. The aim of this paper is to: 1) explore categories and types of product life-cycle information available for remanufacturing; 2) identify constraints for efficient product life-cycle information flo...

Globalized economy has led firms to introduce new innovations in the market quite frequently. Optimal Introduction time is an important strategic decision for firms because an early introduction may not take off as customers; channel members and other required partners might not be receptive enough, on the other hand too late an entry results in loss of opportunity for the firm. The decision is...

On the optimal path of an economy with capital and non-renewable resource inputs, and constant returns output of consumption and investment, the rate of exogenous technical progress in net national product equals the rate of progress in (gross) production, divided by one minus the production elasticity of the resource flow.

This note analyses the adoption and diffusion of innovations in a horizontally differentiated Cournot duopoly in which firms have to choose the dates for adopting a cost-reducing new technology like in Reinganum (1981a). We prove that product differentiation crucially matters in the diffusion pattern of the innovation and in the comparison between the adoption timing in the decentralized econom...

With the new global economy, manufacturing companies are focusing their efforts on the product development process which is fast emerging as a new competitive weapon. Several product development solutions allow engineers, suppliers, business partners and even customers to collaborate throughout the entire product lifecycle via the Internet. To gain an additional edge over competitors, it is vit...

The loss to the English economy caused by decreased migration resulting from relief payments to agricultural laborers is estimated. I conclude that, at worst, the Poor Law had a small negative impact on national product. If poor relief and wages were substitutes, the Poor Law may have had a positive impact on capital formation and economic growth.

Equilibrium Unemployment and Investment Under Product and Labour Market Imperfections We study the implications of product market competition and investment for price setting, wage bargaining and thereby for equilibrium unemployment in an economy with product and labour market imperfections. We show that intensified product market competition will reduce equilibrium unemployment, whereas the ef...

In this paper, we study optimal tax policy in a dynamic private information economy. We describe efficient allocations and competitive equilibria. The standard assumption in the literature is that trades are observable by all agents. We show that in such an environment the competitive equilibrium is efficient and that government consumption can be financed by lump-sum taxation. We go on to cons...