英文摘要 |
The study applies a quarterly macroeconometric model to conduct a simulation analysis of the impact of international oil price hikes on Taiwan’s aggregate economy and government budget. When the international oil price is set ten US dollars higher than the baseline forecast and the domestic oil price increases eight US dollars, the simulation result shows that the free market is better than a fully regulated one and is much better than a fully subsidized one in terms of the government budget; the full subsidy is better than full regulation and free market in terms of GDP. Therefore the oil price measures could result from different policy targets. |