英文摘要 |
The recent dramatic price increase in rice has drawn lots of concerns and has also brought into focus the importance of on-line monitoring of public and private holdings of Taiwan's rice stock. In contrast to conventional approach, this paper uses monthly data and improves the method in estimating the rice stock hlodings. Stability and structural changes in public and private rice hlodings are analyzed. It is found that fluctuations in mid-year rice stock are more volatile than those in end-year stock. Moreover, rice program has reduced the incentives of private holders and farmers. The public sector has been forced to accumulate the increasing rice stock residual and therefore incurs lots of budget deficit burden. |