A new demand system, combining the quadratic almost ideal demand system and the Fourier expenditure system, is introduced. An application for meat consumption in Taiwan indicates that the new demand system fits the data well and that the restriction to the usual specifications, such as locally...

This article applies the recently developed econometric method of autoregressive distributed lag (ARDL) model to re-examine the relationship between the exchange rate and bilateral trade imbalance for Taiwan and its several trading partners: China, Hong Kong, the US, Japan, South Korea and...

This article applies the dynamic panel generalized method of moments technique to reexamine the environmental Kuznets curve (EKC) hypothesis for carbon dioxide (CO_2) emissions and asks two critical questions: "Does the global data set fit the EKC hypothesis?" and "Do different income levels or...

This study revisits the environmental Kuznets curve (EKC) hypothesis for water pollution by using a recent dynamic technique, which is the generalized method of moments (GMM) approach, for a board sample of 97 countries during the period 1980-2001. On a global scale, as we cannot obtain the EKC...

This article examines the forces driving output growth in 21 manufacturing industries at the 3-digit level in Hong Kong during the period 1976 to 1997. A varying frontier coefficients model is adopted that relaxes the assumption of homogeneous application of the best practice production...

In this paper, we explore whether seller reputation can help alleviate asymmetric information in Internet online auctions, using Taiwanese data. This study reveals that the influence of seller reputations on prices is statistically significant, indicating little cultural difference in online...

The United States economy suffers from persistent trade deficits, arising from the so-called 'global external imbalance'. Can the depreciation of the US dollar improve this phenomenon? This study for the first time applies the heterogeneous panel cointegration method to examine the long-run...

Despite the intensive debates on the East Asian economic miracle that persisted during the last decade, the verdict on the source of output growth is inconclusive. There can be no dispute over the importance of total factor productivity (TFP) growth in the process of economic development and...