A well known difficulty in estimating conditional moment restrictions is that the parameters of interest need not be globally identified by the implied unconditional moments. In this paper, we propose an approach to constructing a continuum of unconditional moments that can ensure parameter...

In this study we use Taiwan as a case study to provide an economy-wide analysis of impacts on Taiwan of WTO tariff reduction schemes with different combinations of thresholds and reduction rates. The model we utilized in this study is Taiwan General Equilibrium Model with a WTO module...

The PIGS countries stand in the spotlight of the current financial crisis in Europe. The boom and bust of the real estate sector was one of the major sources putting these countries into an economic downturn. This paper determines the extent to which these countries experienced property bubbles...

The sharp increase in global food prices during 2007‐2008 has triggered the awareness of food insecurity problems and their impacts on the low income, food‐deficit countries many of which are located in the East Asian countries. The food‐security situation was good in relative terms given...

International prices of most staple food commodities in 2008 reached a remarkable level that had not been seen since late 1970’s. Food commodity prices are projected to remain on higher levels over the next decade, supported by firm demand, unfavorable weather conditions, slowing growth in...

The outbreak of foot-and-mouth disease (FMD) in 1997 has resulted in significant losses to Taiwan's hog industry which was the most important industry in Taiwan's agricultural sector at that time. Hog farmers have suffered great losses due to the cost of slaughtering infected hogs and reduced...

Tariff escalation becomes one of the major issues in the new Doha Round negotiation because it is viewed as a stumbling block to the industrialization development for the developing countries. When tariffs on products escalate with the stage of processing, the effective rate of protection, or...