Healthcare reform in the USA requires all Americans to buy health insurance and businesses above a certain size to offer healthcare coverage to their employees by 2014. Understanding why some entrepreneurs do not provide employer-based health insurance is important and might help to solve future...

This paper utilizes data from Taiwan to examine whether male wage inequality explains the decline in the propensity to marry. Our empirical results find a small but insignificant effect of regional wage inequality under different measures and specifications of inequality.

The labor force participation rates of older men in Taiwan have dropped substantially over the last decade. Previous studies show that the implementation of the National Health Insurance (NHI) program in 1995 accounts for a decline in female labor force participation. In this paper, we use the...

This paper studies the evolution of Taiwan's yacht industry in general, and in particular we focus on two entrepreneurial firms, the Horizon Yacht Company and the Jade Yacht Company. Our purposes are two-fold. First, most research studies on Taiwan's economic success are based on the...

Using samples of 25 emerging market countries (EMCs) and 22 industrial countries (ICs), we derive currency misalignment from estimating the equilibrium exchange rate based on the purchasing power parity theory and by considering the Balassa–Samuelson effect. We then examine factors affecting...

Under the assumption that the balance of payments must satisfy the expected intertemporal balance, this paper seeks to establish a pre-condition for a crisis of the Exchange Rate Mechanism (ERM). Proposing that non-stationarity of the growth rate of assets is evidence of a violation of expected...

The one-month confinement (or doing the month, DM) for post-partum women is a tradition that has been practiced for millennia in Chinese society. Tedious preparations and numerous procedures of DM incur high transaction costs when purchasing the service from the market. To assure the practice of...

We demonstrate that a different causal relationship exists between the current and financial accounts in developed and developing countries. Using the Granger causality test, we clearly determine that the financial account is by and large responsible for the current account in developing...

Taking advantage of the modular product architecture in the global bicycle industry, Taiwan has created a unique industry organisation that has allowed the island to become a bicycle production powerhouse. We stipulate four characteristics of Taiwan's bicycle industry for this success: parallel...