Do R&D or Capital Expenditures Impact Wage Inequality? Evidence from the IT Industry in Taiwan ROC
نویسنده
چکیده
Using detail published firm-level panel data from the Taiwan Economic Journal (TEJ), this study measures the effect of foreign ownership on wage dispersion. The estimation has been done by the Ordinary Least Squares (OLS) technique. It finds that current R&D and capital expenditures lead to decreased wage dispersion in response to a rise in the foreign investment in Taiwan ROC. However, the lag two year’s R&D and capital expenditures lead to increased wage dispersion in response to a rise in foreign investment.
منابع مشابه
The Impact of Fiscal Policy on Macroeconomic Variables: New Evidence from a DSGE Model
The purpose of this article is to analyze the macroeconomic impacts of fiscal policy in Iran using a new-Keynesian Dynamic Stochastic General Equilibrium (DSGE) model. The model takes into account distortionary taxations on wage, dividend, and consumption, while government expenditures are broken down into consumption of goods and services, and investment. The model is calibrated for Iran based...
متن کاملIndustry Openness, Human Capital and Wage Inequality: Evidence from Chinese Manufacturing Firms
Abstract—This paper uses a primary data from 670 Chinese manufacturing firms, together with the newly introduced regressionbased inequality decomposition method, to study the effect of openness on wage inequality. We find that openness leads to a positive industry wage premium, but its contribution to firm-level wage inequality is relatively small, only 4.69%. The major contributor to wage ineq...
متن کاملResearch Productivity and Economic Growth: A Policy Lesson Learnt from Across the Globe
The relationship between research productivity and economic growth is the subject of information science which deals in this study to examine the impact of number of publications, research & development (R&D) expenditures and researchers involved in R&D activities on economic growth in the World’s largest regions for the period of 1980–2011. The study further expanded the research-growth nexus ...
متن کاملThe effect of wage growth caused by stock market liquidity on income inequality and poverty in developed and developed countries
One of the significant incentives of the investors to enter the capital market is to earn profits and finally increase wealth. However, one of the most important concerns of the investors while investing in the stock market is the liquidity of the stocks. Thus, the high liquidity of the stock market reduces the risk of non-liquidity of the stock, as well as reduces the cost of capital accumulat...
متن کاملAnalyzing the Impact of Credit Ratings on Firm Performance and Stock Returns: Evidence from Taiwan
The respective study covers three aspects; factors determining credit rating, credit rating impact on performance of entities and the relation between stock returns and credit rating. The study focuses on the firms listed in Taiwan Stock Exchange (TSE) of Taiwan. The empirical analysis uses the data of 50 firms rated by Taiwan Ratings Corporation (TRC) for the period 2010-2015. Two estimation t...
متن کامل