Taiwan Institute of Economic Research
7 Fl., 16-8, Tehui St., Taipei, Taiwan
Tel: (886-2) 2586-5000
A High-Quality, Forward-looking, Professional Think Tank
Background and Purposes
Taiwan Institute of Economic Research (referred to as TIER or the Institute hereafter) was established on September 1, 1976 by Dr. Chen-fu Koo as the first private independent research institute in Chinese Taipei. The purposes of the Institute are to actively engage in research on domestic and foreign macroeconomics and industrial economics, to provide consultations for government and businesses, and to promote Chinese Taipei's economic development.
Under the tutelage of several Presidents of the Institute --- Dr. Sho-chieh Tsiang, Dr. John C. H. Fei and Dr. Tai-ying Liu, and with the continuous efforts of the staff, TIER has been growing rapidly and has shown impressive results. In response to management and development needs following the increase in research contract and the expansion of operations, the Institute was reorganized and enlarged in September, 1989. The Chairman of the Board, Dr. Jeffrey L.S. Koo, and the President of the Institute, Dr. Rong-I Wu, are currently making great efforts to promote both domestic and international economic research and advance exchanges and cooperation between this Institute and other international academic institutions.
TIER has already built up its professional reputation among large domestic research institutes. Research reports, industrial consultations, economic forecasts, and various publications produced by the Institute are all highly acclaimed and have allowed the Institute to become the top professional economic think tank in Chinse Taipei. Furthermore, TIER's active participation in international affairs has enabled it to gain a solid understanding of global trends, to provide forward-looking analyses with a global perspective, and to formulate optimal policy alternatives for businesses and government. In addition, TIER has been making a concerted effort to assist the Ministry of Economic Affairs (MOEA) in the operations of the Industrial Development Advisory Council, and has made remarkable contributions to the cooperation among businesses, government and academia, and to economic development.
Following domestic and international political, economic and social changes, it is likely that future industrial economic problems will become increasingly complicated. As such, there is a growing need for large-scale professional research institutes to conduct research on the emerging issues and to provide the decision makers with relevant information. TIER, with excellent professionals and years of research experience, is highly qualified to conduct in-depth analyses of various economic issues. Furthermore, with its forward-looking perspectives and high-quality professionals, TIER will continue to provide high-quality economic advisory services to government and private enterprises.
The Institute has over 100 economists with extensive research experience in conducting economic and industrial policy studies for governments, enterprises and private organizations. For almost 20 years TIER has established its credibility by performing extensive research, and it is highly respected both at home and abroad. It provides research analyses on a broad range of economic-related issues including:
- macroeconomics and policy research
- economic forecasts and analyses
- policy analyses of the manufacturing industry
- development trends and strategies in industrial sectors
- economic cost-benefit analyses
- market research and investment feasibility studies
- financial and economic laws and policy consultation
- regional and transportation economics
- energy and environmental economics
The Institute has a wide array of research resources including:
The Institute's research service is based on the work of over 100 researchers with Ph.D. and Master's degrees from both domestic and overseas institutions. They have specialized knowledge in macroeconomics, industrial economics, financial policy, banking, energy economics, environmental economics and financial and economic laws.
Extensive Networks of Specialized Advisors
Renowned local and foreign scholars are employed as Advisors on a contractual basis to do in-depth analyses
To ensure high-quality research, each report is scrutinized at in-house mid-term and final seminars before it is submitted to the clients. During these seminars, colleagues from the Institute and external experts are invited to review and comment on the project reports.
Abundant Reference Materials and Data Banks
The Institute has a wide selection of books and periodicals, with a user-friendly index. This easy access simplifies the research process.
Emphasis on Case Studies and Field Trips
In order to better understand industrial activities and economic performance, and to analyze development problems in the industrial sector, the Institute arranges periodic visits to local firms. As a result, strong ties have been established with the business community, and industrial economics has become one of the Institutes strongest research fields.
Ad-hoc Research Groups
In response to changing financial and economic environments, the Institute organizes ad-hoc research teams made up of relevant experts, to provide timely evaluations and proposals for governments and private enterprises.
Pacific Basin Economic Council (PBEC)
PBEC was established in 1969 as a regional organization for economic cooperation by business leaders from the five advanced industrial nations: Canada, Japan, Australia, New Zealand and the United States. The purpose of PBEC is to promote contact and understanding among entrepreneurs who follow a liberal economic approach in the Pacific Basin, and to accelerate trade, investment, and technological exchanges. In 1983, Chinese Taipei established the Committee of the Pacific Basin Economic Council (later called the Chinese Taipei Committee of PBEC), and in 1984 it became an official member. Since then, Chinese Taipei's active participation in all PBEC activities has been well recognized. TIER was deeply involved when Chinese Taipei began preparing for the inauguration of the National Committee of PBEC, and later housed the Secretariat of the Committee. Currently, Dr. Jeffrey L.S. Koo serves as Chairman of the Committee, and Dr. Mignon Chan, Director of Officeof International Affairs of TIER, serves as acting Secretary General.
Pacific Economic Cooperation Council (PECC)
In 1980, PECC was established in Australia by a number of Asian- Pacific countries. It is an important regional organization to combine the ideas and wisdom of businesses, governments and academia in Pacific economies, to further develop this tripartite structure and to promote economic cooperation within the region. In 1984, Chinese Taipei established the National Committee of PECC and became an official member , known as the Chinese Taipei Member Committee of PECC (CTPECC) in November 1986. Since April 1990, CTPECC has set up a number of different task-force subcommittees and has actively participated in PECC activities. In July 1991, the "Committee" was restructured as a "non-profit organization," with Dr. C.F. Koo as Chairman of the Board and Chairman of the Committee Director. In June 1993, when Dr. C.F. Koo's tenure expired, Dr. Jeffrey L.S. Koo became the elected Chairman and Dr. Rong-I Wu, President of the Institute, was appointed as Secretary General. The Institute also houses the Secretariat of the CTPECC and is responsible for Secretariat functions such as arranging domestic and international conferences, integrating the participation of businesses, governments and academia, and arranging conferences.
APEC's Eminent Persons Group (EPG) and APEC's Pacific Business Forum (PBF)
EPG was commissioned at the fourth APEC Ministerial Meeting held in Bangkok in 1992, to chart out visions for APEC for the 21st century and to submit reports to the Ministers for consideration. Owing to his full understanding of Pacific economic cooperation and his long-term participation in PECC and PBEC, Dr. Wu, was apppointed as Chinese Taipei's representative to the EPG. In November 1993, APEC Leaders decided proposed that the Pacific Business Forum (PBF) be established to generate input from the private sector, thereby increasing the practicality of APEC's policy decision-making. Each member economy sends one representative of big business, and another of small- and medium-sized businesses. The representatives from Chinese Taipei are Dr. Jeffrey L.S. Koo, Chairman of the Chinatrust Commercial Bank, and Henry C.S. Kao, President of the I-Mei Food Co. Ltd.. The Institute is honored to serve indirectly as a think tank for APEC's EPG and PBF.
Pacific Trade and Development Conference (PAFTAD)
PAFTAD is an international academic organization that holds a conference every 18 months. It was established in 1968 by well-known scholars and experts of political economics in the Pacific area. The purpose of PAFTAD is to promote economic cooperation in the Pacific area through research on regional trade and development policies. Because of its active participation in international conferences and its efforts to promote Pacific economic cooperation, TIER has been a member of PAFTAD since 1989. Dr. Wu, the President of the Institute, currently serves as a member of PAFTAD's Steering Committee.
As TIER believes that complete access to market information determines the success of decision-making, it not only submits research results, but also provides clients with timely, accurate and value-added economic information.
Specialized Industrial Economic Library
The Institute's library, which contains nearly 50,000 books, has the country's largest collection specializing in industrial economics. Its large number of Japanese-language books and periodicals is also a unique feature among similar libraries in Chinese Taipei.
The library also provides an on-line index service, which includes a data search system for the library's books, Mainland Chinese commercial information, an international economic documents index, and international statistics index, legislative information and a newspaper/periodical index.
Data Base Connections
People outside the Institute may use the literal or statistical data bases by making on-line inquires using a special phone line and multi-media device.
The literal data base provides a quick and easy to use index, which eliminates the trouble of a random search. It includes abstracts compiled by the Ministry of Economic Affair's (MOEA) Science and Technology Projects Group, a newspaper headlines index and a periodical contents index.
The statistical data base contains chronological information on macroeconomics, industries and product types. It includes statistics on imports and exports, product sales, distribution and inventory, an industry index and an international economic index.
Industrial Economic Trends Service
In addition to its monthly Business survey on macroeconomy and manufacturing industry, the Institute collects, synthesizes and dispatches information relating to important industrial economic trends at home and abroad. It also provides special services such as information processing and data transfer.
Industrial Economic Seminars
The Institute holds two economic forecast and trends seminars each year to exchange ideas and to publicize research results. It also conducts occasional financial and economic symposiums and seminars.
The Institute promotes academic activities by publicizing research results and strengthening contacts between business and academia. Various services are provided according to membership types including:
The Institute organizes and prints several publications, which are well received as effective and important economic references.
Daily Forecasts of Interest and Exchange Rates
Every day, before the currency and foreign exchange markets open for business, the Institute provides short-term forecasts of the interest rates and exchange rate of the New Taiwan Dollar against the US Dollar.
The International Economic Trends Weekly Report
Since 1987, the Institute has been commissioned by the Council for Economic Planning and Development of the Cabinet to edit "The International Economic Trends Weekly Report." This report includes special analyses and important regional economic news reports on subjects such as finance, trade, energy, the stock market, and commercial products. Moreover, it contains important international economic indexes every other week.
Taiwan Economic Research Monthly
Since 1978, the Institute has published a monthly periodical that focuses on economic and industrial situation and development research in Chinese Taipei. It includes also report of monthly survey and quarterly economic forecasts.
Monthly Reportcard on Main Economic Indicators
Since 1978, the Institute has provided a monthly economic indicators and up-to-date economic statistics and information.
Japan's Industrial Policy Monthly
Since 1992, the Institute has been commissioned by MOEA to prepare a monthly report on trends in Japan's industrial policy. It analyzes current economic, trade and industrial policies in Japan, the contents of various laws and measures, and the decision-making processes, implementation and impacts of these policies.
Since 1993, the Institute has been commissioned by the MOEA's Energy Commission to edit and publish the Energy Monthly. It uses simple language to promote general understanding and provide long-term guidance on energy-related subjects. It is a reader-friendly publication with a large circulation.
The Rural Sentiment
Since 1994, the Institute has been commissioned by the Taiwan power Co. to publish a monthly periodical that reports on current trends in nuclear power generation at home and abroad and community activities at the sites of nuclear power plants. It provides accurate information on nuclear power and has established several channels of communication between the government and the people.
Chinese Taipei Industrial Year Book
Since 1985, the Institute has published year books on the chemical, machinery, information electronics and textile industries. The analyses cover both macroeconomics and industry, and emphasize both the current situation and future trends.
Annual Survey on Economic Trends
Since 1985, the Institute has published annual surveys on economic trends. These surveys analyze domestic and overseas economic situations, and assess the short-term prospects for individual industries.
Chinese Taipei Committee of PBEC Annual Report
Since 1985, TIER has been commissioned by the Secretariat of the Chinese Taipei Committee of PBEC to publish an annual report on PBEC's primary activities, its future plans and the main research papers presented at the annual international conference . This report is distributed to both members and non-members of PBEC.
Every year, the Institute is commissioned by governments and various private enterprises to conduct over 100 research projects, all of which are published upon completion. A list of these reports may be requested from the Institute.
Industrial Development Advisory Council
In March 1985, the Ministry of Economic Affairs (MOEA) established the Industrial Development Advisory Council to keep track of the changing economic environment and meet the needs of restructuring industries. It encourages businesses, governments, and academia to jointly formulate industrial development policies, and has established an official channel for private sector involvement in the government decision-making process. To ensure that this Council operates smoothly, the Executive Yuan commissioned TIER to conduct research and take on Secretariat functions in conjunction with the MOEA.
The Institute established a Tokyo office in March, 1985 in order to facilitate the research of Japan's economy, trade and industries.
The Institute is the only domestic research institute that has established an office in Tokyo . The Tokyo office is a useful channel for developing relations and promoting exchanges with businesses, government and academia in Japan. It plays an important role in the research of Japan's economy, trade, and industries.
Services of the Tokyo office: