Although globalization, liberalization and the development of the network economy have undoubtedly enhanced the competitiveness of the Taiwanese economy, with the island's citizens benefiting enormously from lower prices on a wide range of products, the downside has been the obvious increase in...

We empirically analyze the role of different export destinations in the interrelationship between exporting and investments in R&D and fixed capital at the firm level. We employ a simultaneous equation multivariate Tobit model to account for censoring, interdependence, and endogeneity of our...