The biotechnology industry is one of the six emerging industries in Taiwan. Taking listed on the Taiwan Stock Exchange (TSE) companies and over-the-counter (OTC) companies which form part of the biotechnology healthcare industry in Taiwan during the period 1996-2008 as the research object, this...

This study applies threshold cointegration test advanced by Enders and Siklos (2001) to investigate the properties of asymmetric adjustment in long-run purchasing power parity (PPP) for both Mainland China and Taiwan during the January 1986 to October 2009 period. Although there is evidence of...

In this paper we tested the hypothesis of tax-and-spend, spend-and-tax, or fiscal synchronization for Taiwan using annual data covering the 1967 to 1999 period. Granger causality test results based on the corresponding vector error-correction models (ECM) suggest unidirectional causality running...