Structural Change and Industrial Policy in Taiwan, 1966-91: An Extended Input-Output Analysis

This paper studies the structural changes in Taiwan from an input‐output perspective for 1966–91, a period marked by rapid economic growth. The analysis has been performed by examining the coefficient changes of both demand‐ and supply‐side IO models through the use of the rowscaler‐cum‐columnscaler method. Empirical results based on the deflated data with shifting‐base scenario show that significant changes exist in interindustry transaction, final demand and value‐added coefficients for the majority of industries. Extensive variations in industrial pattern are detected across various developmental stages.