Market structure, external exposure and industry profitability: Evidence from Taiwan

Song Ken Hsu, Ming Fang Tsai, Chih Hai Yang

研究成果: 雜誌貢獻期刊論文同行評審

5 引文 斯高帕斯(Scopus)


This article aims to investigate empirically the influences of concentration, exports, and exchange rate on industry profitability in a small open economy, in Taiwan. Developing a simple theoretical framework and utilizing panel data of four-digit manufacturing industries over the period 1986-96 to test our findings indicate that concentration has a positive impact on profit margin, while the impacts of export intensity and external exposure are significantly negative. This result indicates that export-intensive industries tend to have a lower profitability in Taiwan, because export firms act as price takers in international markets. Moreover, the exchange rate is found to have a relatively strong and significant effect on industry profitability, whereby the devaluation of the New Taiwan Dollar hurts more those industries with a higher share of imported inputs during the sample period.

頁(從 - 到)201-214
期刊International Economic Journal
出版狀態已出版 - 6月 2008


深入研究「Market structure, external exposure and industry profitability: Evidence from Taiwan」主題。共同形成了獨特的指紋。