英文摘要 |
Abstract: The purpose of this paper is first to identify the cause of industrial growth of Taiwan manufacturing under Japan rule, and then to assess the performance of industrial policy. It is found that export is the only cause of industrial growth, but labor is not a contributor. In addition, Japanese Governors – General of Taiwan have sucessfully achieved the goal to induce the investment from Japan, but that investment does not contribute to Taiwan economic growth since the marginal product of capital is non-positive, as verified by this paper. It is found also that Japanese “Go-south National Development Plan” has two significant impacts on Taiwan industry, one is the growth rate of Taiwan manufaturing is negative, and the other impact is worse, that is, mainly because of Allies’ heavy air-raid during last months of Pacific war, sugar plants and Sun-moon Lake hydroelectric power plants, two main and vital kinds of plants bulit under Japan rule, losed almost all productivity for Taiwan economy after World War II. |