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研究生: 李柔臻
Li, Jou-Chen
論文名稱: 智慧財產資本對台灣勞動份額的影響
The Impact of Intellectual Property Product Capital on Taiwan’s Labor Share
指導教授: 盧姝璇
Lu, Shu-Shiuan
口試委員: 林常青
Lin, Chang-Ching
唐震宏
Tang, Jenn-Hong
學位類別: 碩士
Master
系所名稱: 科技管理學院 - 經濟學系
Department of Economics
論文出版年: 2024
畢業學年度: 112
語文別: 中文
論文頁數: 40
中文關鍵詞: 國民經濟會計制度勞動份額IPP 資本投資相對價格資本深化
外文關鍵詞: System of National Accounts, Labor share, Intellectual property products, Relative price of capital, Capital deepening
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  • 台灣的國民所得統計在103年採用聯合國2008年版國民經濟會計制度 (2008 SNA),將研發支出從中間消費改列為固定資本,並歸類於智慧財產 (Intellectual Property Product, IPP) 項目。此修正說明過去對勞動份額的高估,因此本論文針對台灣1982-2022年間勞動份額的變化進行詳細分析,並探討IPP資本對勞動份額的影響。
    本研究主要參考Koh and Santaeulalia-Llopis and Zheng (2016) 的文獻,將IPP資本納入總體生產函數中。利用1981-2022年的總體時間序列資料,應用兩資本模型的貝爾曼方程式,求出一階條件極大的最適資本總報酬率來估算資本份額,並探討IPP資本的提升對勞動份額下降的影響。研究結果顯示,台灣的資本使用量逐年上升的同時,總資本所得對勞動所得比率與傳統資本所得對勞動所得比率並非維持不變,證實台灣存在資本深化現象,台灣的IPP資本與勞動替代彈性和傳統資本與勞動替代彈性都顯著異於一。本研究證明,IPP資本深化顯著改變了資本與勞動之間的替代彈性,進而影響勞動份額的變化,這反映在台灣經濟中無形資產的重要性日益增加。


    In 2014, Taiwan adopted the United Nations' 2008 System of National Accounts (2008 SNA), reclassifying RandD expenditures from intermediate consumption to fixed capital and categorizing them under Intellectual Property Products (IPP). This revision explains the past overestimation of the labor share. Therefore, this paper provides a detailed analysis of the changes in the labor share in Taiwan from 1982 to 2022 to examine the impact of IPP capital on the labor share.
    The study primarily cites the paper of Koh, Santaeulalia-Llopis, and Zheng (2016) that put IPP capital into the aggregate production function. We use the time series data from 1981 to 2022, with the Bellman equation of the two-capital model. This helps derive the optimal rate of return on capital for estimating the capital share and explores the impact of increasing IPP capital on the decline in the labor share. The results show that while capital use in Taiwan has increased yearly, the ratio of aggregate capital income to labor income and the ratio of the traditional capital income to labor income do not remain constant, indicating there is capital deepening in Taiwan. Taiwan's elasticity of substitution between IPP capital and labor is significantly different from one. The elasticity of substitution between traditional capital and labor in Taiwan is also significantly different from one. This study demonstrates that IPP capital deepening significantly changes the elasticity of substitution between capital and labor, thereby affecting changes in the labor share, reflecting the increasing importance of intangible assets in the modern economy.

    謝辭........................................ i 中文摘要 ................................... ii Abstract ...................................iii 目錄........................................ iv 表目錄...................................... vi 圖目錄...................................... vii 第一章 緒論.................................. 1 第一節 研究動機.............................. 1 第二節 研究目的.............................. 1 第二章 文獻回顧.............................. 4 第一節 勞動份額的調整......................... 4 第二節 台灣勞動份額與薪資...................... 5 第三節 勞動份額下降原因........................ 5 第三章 資料說明與變數處理...................... 8 第一節 資料來源與統計......................... 8 第二節 變數處理.............................. 10 一、折舊.................................... 10 二、投資相對價格與資本存量.................... 11 第四章 研究方法.............................. 14 第一節 基礎勞動份額.......................... 14 第二節 資本面估計勞動份額..................... 16 一、資本所得份額............................. 16 二、資本報酬率估計.......................... 17 第三節 台灣總體模型估勞動資本替代彈性......... 18 第五章 結果與討論........................... 21 第一節 研究結果............................. 21 一、基礎勞動份額............................ 21 二、投資相對價格與資本存量................... 22 三、資本總報酬率............................ 23 四、IPP 資本上升對勞動份額的影響............. 24 第二節 延伸討論............................. 28 一、勞動資本替代彈性......................... 28 二、與美國替代彈性比較........................30 第六章 結論................................. 32 參考文獻.................................... 33 附錄一 其他基礎勞動份額.......................35 附錄二 無風險利率估計替代彈性..................37

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