• 沒有找到結果。

四十年來臺灣的經濟發展與金融政策

N/A
N/A
Protected

Academic year: 2021

Share "四十年來臺灣的經濟發展與金融政策"

Copied!
20
0
0

加載中.... (立即查看全文)

全文

(1)0115. -t-. \!E]. :~jJ~-. 1990,. ).". ~ ~ E[. t;~ ,"~'. ~~ a". ~({(. ,~. 'JfA~ IFI. .-'..3:.. *JR~~~~iEk*-. L. ~encies.". -+ *-. ~. Rt. -t. 13. 1 {. tE ~~ IlQ+1f.~~~ ~ *~s~fJlj~~~~P. ~~~~)E~B~jh'&.:. '. B~mm~ii~*. i. I. I,. t(1Jn~%f~~HiU~ il 1'F. 1i2~!lni~r~ mtt~3f'1ttm:~I¥Jf£f;lJ. , E:II'{.§.. ' ~~~~i&~iil¥J~l~ , ~JiI{VfErPJ*f~. tJ~*~~~5~~ ~B9~J.NJ:' iJ!IYYW~ !~fH~~rPJfJ~. ~aR~~~ ' ~OT~*~~. 0. @~ , iE~I ~ ~{@ilHi~. •• ~~M.~~~m* $ l¥Jm ~oiEQ~~~*ft ~. ~~M~'IlQ+~*I¥J~~~*.~~I¥J~o~.-~m~.A~~~~&~~oa~ ~~!i1JQ~!l89'tj(1'§2. , gt~A±~B'9ID1ij ~rFF~ , rm~1~ ~~!l!{f~r~ § ~&t~Ai&JfJ i!l! mA. tr:;t~~Jit1J,~B~:lifdiI=-t1:. I. I.. '. ,. !;1RJltm:~. 0. , ~~ ~t:tjrni:{~H~J'frtA'f*B9 '~MtHJII '. tl~~B9~M~r1J~-ffi1:JE~1Ri&. ml¥J.!lT~ft* . ~~o-~®~ffl.~I¥J~.W~'~~T~~~~~~.~.~ ~.m~~ . ,~rm.~T-mtJ{@~. ~~*m±~§~I¥JMM~~M~go llQ+1f.. i. *1¥J•• ~Mm~ '~ ~I¥J~~.~.~_I¥J~* ' .~~~~I¥JT~ 'ft~.m~~ 89 ~Jjlj m~ Wi! ~H mu ' /Gill ~ ~)(S~ f9?¥ ~ T tit ~ kIg ~ ~ ~ ~ , 7'HIli 1f J&:II' )E ~tIg ~ ~ J'JT,@'. I. 1:S9/G7¥U f:~;rj ,. (. *. ~ fk1illAJJ: ~ T ~HilH~ffl89~3c¥. iJl~89g'i~~~~rPJ. *'. ±~~~B~ViErPJ. '. ~ ~~H~J7HfH~tJ ::trj.)(S~51~cJIji&JfJ J'JT. 0. ~Jlt~jt- ' ~i%!l!mt~89ft~ fU ~{l1:e-. I. I,. ' tE19891f.t). Wi ' - ffi1~~~89 1l~~~ , - JW PJ tJ IVJ ll: ~R IT ~ ~ Z fa' 8'9 Nl;tl fl{ 1t ~ %f ' *iE ~ - ~ $i ~B'9 ff @;:7¥U 4S~ :/i5{@;:7¥U 4S ~ JfE 'PJtJ~ ~.ff~ ~.'tJ~~S • • :II'.®.~~~~.'~-~OO'i&JfJPJtJ~ft 0. ~M~4S*~ ~ ~,~& •• ~~~*.~,tJ~~.*%~,~~.~~~otE.~ H~~fi~,~~~~m~*~~'~.~'~.:11'~,~~~~~.~,m~~~~. I..~. ~l~iitt~. 0. :ft~-~illigz~iJ~it ' -~®mf~7¥U~i&.*ttf1JQ&.. '. "1f~~~tr~Ti§:. OO~iitt.I¥J:II'~~*w~~~~mo. ~~~~m~~~~ • • ~* . ~'r1J~~~.~R3*1R~M'.ff.~~M:II'. JE ' 19601f.~~ , ~fM!*lmMk€lgcfi~~y~'®i&~ , 1~.~}t:/i5{Mm~s~~~ii~~~ '~~.~~'. •• ~.~Q~I¥J •• m.~@;:o.~~~m~fiM*f~~ • •i&.'. BR~l~01f.~'&~~~~ • • • ff*~.o~Ji.M,m~~~I¥JV~~~~.~ 80 ~ 10. A. @j. EB. t:j:l ~. ZI. ~. 80 ~ 10 .F.I. 11.

(2) ~~~~7~*~~~om~*~~~.fi.~~~~'R~M~mm~~m'M~­. ••. ~~~~ .~ ~o~M~.~~~ ~ ~w.~~~,.~ .~~ . ~~~~m~,. :!ttlH}];!tJ. ill~ ~~ ~~~~ @ 'm~~~~~~~~~~~~~o. ~~MMM~~~~ *'ti~B ~}Jl!. IT 89 73-IT ~ ffiU iE.1i Iff ff}. , U1~JfI~ ~. •• ~~~~M~~~'~ill~ft~m~~£'m. , ~:I [PJ -:l'\J2 Q'U]! fi 89 ~ :I: ill1'lf);I]o tJ tSi 1M. *. ' U f~ 1* ~ m-. ~. E. ~JJi1J ' *~ o jt J1 a5c~;§. f. ~~~.IT.~-M~~~* ~ m.o~@~~'.fi~*~mIT73-S~M'*~~~ .'73- . ~.B,.~~,mM~ffl~~&?~~~~fi,~~~. mJI.!f{fJf!JJJf 19. •• m . ~~~0. ••IT•• *~*M~m' ~ •• IT~M~ .~~%~~.Ho~Dm.~~~ ~ ~w.m ~~~ ••• ff~'~~~ .~-m ~. ~~~ ~a* ~*~o~~® ••. ~f'f9i~~'. * ~ ~~'MM~M~ *OO~.IT~~~~#o. /ilHJ9~*~). ~'~. ~+~*~Bm~~BB-~~~~~~~~~'~~~~~.~~ . ~ •. ~ ~~ ~ 1tI£ Slg :. • ~~. 1946~. *. t~ ri*JO~1~. , 1m g~~8l JlEffi!l! {ff~ r~~JJ1X:~ i&Jfff-~ tHI $ 3£H.l B/g~. ~1fi*HJUf,. hI~o~~~W.~-~®RJU~~~m~%~Wa . ~ ~ffl ,-~ oo x~m~m*. ~1&-~~. ~~*~® •• ,[PJ~~m ~~ •. 1947~. ~,gH~fi' ~~~frj!lU&~RJU i: 1~mjMI0 1{g @! ft'. JlttJ tt '. ~15~ mtilj89lE 1it:0~g*~@~t~. PL1i!f3=E15r '. /1" ff~ ~fUmm~~~g. 0. • ~h . *~~~.o~~~~ ~*~~~~m~~ ~~+~.*'RJU~~~~~~ •• ~o~~I~O~~~~,~®~~~m .~ ~j ~~~ ~ ill 1I::pJrfi¥*619fjij ~ , 1987~ 7 A j'} ~ ~tBU1:E51&0-7HfHf ~8~~h~T}i{fl T ~ :t; ~j- ~ ~ mE tI:l ~1'~ 7Hlt ~ :Ki 1f 1J;U a5c ~ J?§, ~ A if,] ~ RJ tJ il!HH 500 ~ ~ ~ ill ® m1i 89 5'~ lIN f§'. 5 j:l. H#~fJf ~. 51'. 0. ~nH~. N~ '·'B. 0. rr ~f. / - +fO. ]B f""3. :i';x. ~~~,~w~ ~ ~~m~~ .~~~~W ~a$' ~ ~~*~M® ~ ~ D'~ . ~~. roc !~. ."~.,' IIllc "" lli5~. ~~m ~ 69*,:n~z T. GIE] , 1i~. ' te,~9<:$; T 7'~Jis"J5'} iffii ~1IiUf* ~ ~§f , ~i@ 1fE ~::& MP, ~ r:B fl:: ~+ 0. i:n!~ 89 it M~ ffl1 ~ ~ i~9i 89 §~ :ait f$ 7f~ ~ 1ft. , U rzs! I@JiIT B9 nVi rnt 1i 619 ~ Wt {:1 ~ ~ i j rfiJ B91I£. ~t. 0. ~$r~,~~m~~~~ •• ~~ft 'A~~ffl.~mm9<:'~B~.~~~~~fim. ~~~# . ~~~~F'~~~ .~~~ft~~m.w~' ~ lE~m. &~h . ~OO~ili. m; *3IHI~ 89 ~~ B*Wj~U~-@l~Jf8/9~Ml§t , ~J1t~1l}1;Jt@#JUjft~8973-~~-'ft1: ' rm. .u••. ,. 2, 135 {1 ~j~~. \ ". m.~ ~ ~am~~~~HB~~o. 1Ji.m=1'f:r. ~~~jt 35 1 if-$~*r. @+~* ~. ~W ~HM~M a.'*fi~~U E 73-~EMm~,~ ~~ ~m~M. ~~JiJJ~. B9~11: 3m ji{~~1* ' 1950 ~f~89j! I=! ~1-1;;~'JtJ1' 1960--1971 ~B9 tI:ll=! fa;g~~JtJl' 1972-­. if±~ ~ ~. 1980~B9Wl%HM~~~~ , ~!~1981--1990~89*~ ~~ ~fli!j:M ' ~1991~tJ~B9~r,;~ § ridt. Jllii§:J!RJ. B9~JrmJr#3~. 0. ~*~. , ~tJ~ fi B9~ W!~5JJjl1U'ff ' jf~89~til~~ , zr::15~ Vl1fjfi~89VfE. ~'U~~.Vl1f~*~§®o.~m+~ *~~. ~~ W~ ~Ma . ,~~~+~*~ ~f/t'f(;JHft mri ~iiJ¥~ji22.4~6 ' TITI~h* li ~89~1li&}j'~.T' m+~31~i1j' J( ~!RI11H~1J* B!\)~JiJ¥1'*6.6% ' ~zp;l:E;J'BJ~ ll jt~£~~*~-¥tP~8.7%. 0. ~RJ~~~~~~ :;t-m. 12. 13 EI3 t:p IMl. zI. *. .. tt- : mft 51=- : fillg tt=: s . Ec. 0. 80 &f 10 Jl. E:l El3 t:p !.

(3) 7cAt;;flJ ~ ~~ ,~ 'tt 1& 'Jl ~J Rk at $J1. , 7l~ nx: ­. ~HI[. ~ ~~mltE ' ~~WD, .~ ~ . ~ ~~. 'f. &:s'l7G £ ,m *[~m-*E. ~. ,. I. ". ft(P~~ti. f% ~ 1nf~iE~. B1Jrm- t~ tE:tt\1. 18}( o{EillillJ J!~. , tJ11l:!EJl ~~~~. ••• w m~J -iNrr '. {. *. I. 0. *. 1H'F~~!.%r:p'I). 0. 17; h'~. "'-6ft! A ~~ (oJ p9::itL. ~~~11~~1"$. 1] j i :j'IJf:lftii tI.l ~!'%T-~,rm. ~ ~ J't 1& fli¥;Wj. ~jtJl'. 1972-­ 1"9 sjz tW! § FEd t. ~ ~n~ V* 89 ViE. I l~~-tff*Et9. t!( ~ ¥1.71Jt 1~ lk. rlirtu-~. *-. 0. 80:$ 10 f:l. '. ±Jm~NfJ. '. l ~iiHS ~:tlli~Nrr~~L15t~ 1M!. ~lf!It ~'iH'Fsjz~!.%I&HI'D-M~tHt9~fAU~1IJU. ,. nx:~-OO ~U~~~;Mft. 0. illfirj'®lsjziM!* m-lE -;1] ,. • •. ~ffl$'tJ. ;j:§t.U§$(; 0 1ltr~ tJ. 0. '. IT.~P~~il~51:rr ~fr ~ ~. f~ It*J;\*iftt ~ i£H~rrJ r1T~rrB'D 1 ~~ j! rr~J. '. ,. ~ ~ (lf,!I&t~. 4~H[Eu!&34tg tlJ:B'D ft l=. 0. E1 tf lJ;~ :tR. ~'i'. ~.M.~'E1*~~ • • ~~~~Hrr~~~I .~ mrr~J~fJ ft ~14.~~~' !gH~--1f-~. , @P!jtmT -(:g*. H# I~11fm~. 'j(/~. l3 1t}~rr. '. 1946~ 5 f:J2Q El ' lfi0! i~fJcj:f~§.7tnx:l&. ~2mt£~~hX 0. ~~'~ . ~M m ~. . A . a ~~ M. *~fia'.~~~ ~.~. ~ iM!~mR 'nx:mE1. ~. sjzB~ ~H. 1947~. -F:i1X ~l T ~ I,j ~ 8'9 5'~ i!lirfi' ~ , iE lf ~B'9 EI EE it (ill-t. 31 E1 ' rr&i!JG§Jid*ftfi. ••. o~A~mE1 . ~~~m~Jm~fflm~~ •• ~ fflm~A ~ ffl~~~'. (e fA:!! 1& ~ iE1>l. '. 1945~10jJ. ,~ . ~~o ~ ~&M*. '~ . ' .~ E1 . ~~~sjzM • • '~:s'lT-MtJ ~~.rr!,%~~'M. ~ i¥HL~ rr. ~89~*~fJ~. I VIU~ ~ (0] 8'9. I m~3)~g ; $ ;~ffl B'9~ ;z fU ffl '8 fFBK. 0. ••. 5 J] ,. 0. m ~ ~f/!1 S0;mjli IIlE~ BR m ~{E ~1&~p BAAm ~ m. if~ rra* 1f ~!!tiilt,~. ,. l&:s'l ~M ~ItJn. {J~lIjjm\fr!;)*W j~m:. '. ffl~i7!'~. 0. ,. 0. Ctt-). % ;f£ fjl)ditE!'DJ1~3ZtI:l !ift*. 0. ' Il. 1JotJ~~Ur:p~jc~~a'tf~~ij% fli8'D*. ' 1946if12f:J f)$}~53t~ , 1947~ J£t B ~ 171 frl ' R~1948if. 9 f:J ' * *~bE!rrJj1Jo~ttJ 5 of, 1 ~ , 10~, 1 B;!l%~ ~f4 ~Nrr* ~U~ ~ %,Im~VfE!JH 1948:¥ JR ' i: ~~rrW~Bil16~ 1,420 ID5G ' iliHiif!,ij }~fJ*~H~fJJF~ 786 i~~ R3?: 1949 :¥ 6)~ , ~ 11i6r;&'rt~Jt<; WJf ~ VWz~tr ' §@~N~~~rr :!t B~~U 5,270 ~5C ' T(jj*J!;U~rrf{U~~ 1 ~t 2, 135 fcr~C ~-t=) ~~HJi:rr9::*t~1liU tfrNi~B{J;~ti~ J;-~ ~%}}1Hn~ El f£diUlmfttUt *f~(~-I· 1946--1948 ~ mm=~f1'J ' ZP:l:~4~if.fZJ1J{J:7t 5 ffitJJ: ' ffiiiE1949if. IHW[}Jc1liUmJ*:¥ ' 401JjJ( ~ B'D7!­ ~~~~ 35ffiii::;{5 CIT::::) n;1!i;, , /FRJ~&t § 8'9 ' ill:*:¥B'D~M:jl~ij%!Ji ' ~~ 1948if--r* :¥~~*~~%~~.'~~Itm.a • • ~M • • ~~o~Hmlm* ~ ~.~~B~ ft~~~ 100 ~AUJ: ' t§ ~ 1i~'i\ltf)$}~ ihl ~A r=1 8'91/6 :1f~~~** :1: ~~ , ffii FJf:1f~ 51 '. ~ jitH~rr ;£: iEft t-\M. 0. 0. ,0. 0. 0. 0. a~fi~.~~~M~ . ~o~. •• ~ .~~~~*~~~~m~Mm-r'~M:~am. ~El~RJUrn~~'ffii.m .~ ~~El~#~~ffii~ATm~~~~o. u- : ~t~fi ' ~i'H!Q ~~ IT ~l* [9-I-~. C~ ~ ~f~ FJf ' ~~t ,1991) ,ft6-} u=:l"Jtt-o IT:::: : S. G. Tsiang, "The Monetary Policy of Taiwan", Conference on Taiwan Economic Development Academic Sinica. 1982.. E! IE. r:j:I w.&l. Z I. *. 80:$ 10 f:l. 0. 13.

(4) :¥:1949:<f. 6)j 15B ' aJff'l¥f(jiqj{1jt'1-\}7IjU. -oow.f j~~i"g;:ffiJ.~~1j}~£~m ~Q 1fl'J&. ;fu.g-H:lj'~-+ ~. m~~.R.fifi G. ~,-oou.~~.~,~m,~~,~~&~~~~~.'~. w~ II'lJ :<f.:M8I. ~--h~~{lm '. 0. B!tfi 2 tl 5t*Jf :n: ~ tJ 1 7cWr .i fIW Jt~40,OOO5t 11lHff1JT ~ , 0. J&fEDm im §~D­. ~ m. ~,u~*~~~W~o@~~*~~~ *.~~ ~ ~~~~Am~~~~~~ f~;M{,\~' fJf 1~HW~D~ '1949:<f.T*:<f.8'~4;~1l~ ~~ {JJ~~J%lJ~82%'. m\~34%. 0. I![:¥:~~1}'~Jm1*~ T rfhaU~§ffff&:J. 'U 7 %u~Jj fU~3t~fJ&~xl~~~ff,1.:,. ~T~~~~~~'. ~$~ffi . H~M~~~ '@ ~~~ W ~ ' . ~~~~ .~~ ~. •• ~~~,~~~~~~~ m ~. ~ {£l. j7} i~~ ifJJ1t1J4tD &l~ 1UJ9 ~ 1S ~* BkJ;lJ~~. '~. • • • A~M ~.H~~~~~~ '. ' WJl ~ fi& ~ ~ 89:tii jt Jfi ~ ,. ~l jt ~(If:%x: uk] i@ jj1[ ~ ~ T. 0. ~mW;M~ • • ~M~R~~~m~g '@~~ ~*~~~M~~ .m R{JJ~~M. ~~o~~R. ' M~~*I~N~~U)~1~J~fi:jH§WJ*B/~1WJ ~ ~:¥:i&/J'. 0. ~lta*~ ~l~J&Jff ~~. , :;Ie. ~~ 89 rm~ 1m §~. SWAP). ,~. !1m fit till '. tJ-=f. Jt!Et::A9 Iifj~. (. I •. •• ~~~ . ~m~w,~m~*~w~ *~.~w~~~ ~~* ~~~. ~*~~m~-'U~~ .A .fimU~.~ fi ~ ~'~E~fi . ~~-m m ~~~~ ~~!l!m. l. 1950:<f.FJ=:{[gjJj. ~~~ •• ~~,~~~~.~~~,~ ~ ~~~~ mS ~~~To g ~,~~~~~. .H~~M. •. ;tt ~ J&B~;fjj::l1J. JiJT* 11R ' ~ ~~ rot? /,\. ~ 'i!? Iill< ~ ~(.1:, RJ F.l JlX. 'h1. ~Ib~:£f: *JI§ rj:t , 1~ IT *':T1' §tfE r&:~. ,3. ±W2~ 1f. I· . * ~ , mLlid ~ ~~{m~ ,. ~ ~A~~~m~~~~~ .*'~~7~tl~ ~ ~~om~~~~~~*.~-~*. 5Hc 92: 1JQ i¥J zt. 1r2ffi~:fIH~~r. ' tB~~~~ ~ f:~5E7T* 0 am* iHmt2~1li5[g1UlkJ~ W!l ' ~~ B ~[Q-t. * ~t'€F.ii '1. :<f.~~,~mW~Mm.~~~~m . ~'~fflT%afim~~~M~~~m.'u~. IHi 1:. i{ 3f ~. ~.¥ZT~~llim~%.~~~.o~.~'~T.~g~~ W ~~~H~ , am~. Thu**~~r~~. , *Iit ft{~!f~ , ~~~!-t£* {}:'I~ , ~1 lfi 0 ~ A JiJ.'m:ulli ~ Mt ' fum ,*~{8~t. fpJ~~!jJJ.}jtJmtJ~~U f.lUE40{l89~b~~. 0. iE mPil ~tm-+:<f.rJ3'. , 1-'H\§{~*f'li)Ju~ m :liii1JQ. ,. ~. ' ~ {]( ~. 0. 1949q:.--1953:<f.~iJ3~ , am ?JT~DBk]±im~1fijf{d~ , $tJE t ~lQ **~~,~~~:lf(. 8'9t£~. 1949:<f.S9r== -I::;E~tJ:l. {,*fJUJ ' ~lUEm.UtMll ~~t~}t1Hl~± j:il!±~i'F!/mi£:<f.J&~~ r1'937 .596 W r 0:t1jrtrzilJ{a~J RU~~1WtliH£ B flT~rmZ ~t:Jti~13}W. ' tJ~tj:tQ±~{'F4fD ~ :<f. ~ ti jjt 8'9 f{H~ * i'F:$ ~ j]{ , :ax ilJ{ *€b~ 1% ' EE:EM: 1% tE -+ :<f. pg ttt ~ ;¥t {!Vf~:: 1952.1f: fjt{r r~~~~mJa.'~13±~ e~ -~® .u~~ '~U±~±~~~~:<f.J& • • ~M *~~ lli~~aM,am~~M0~:axilJ{~~lli~MtMAo~~u* . m~* .H ±~ , ~~~~n: wg* ' ~~f~il~l~Ifsk]~~ mtJ,~amE/9JI~ff;tH~r~~ , 70%tJ tt~±JtB 0. *. 0. 0. 0. ~~ 'OO% 'M ~.*~0~' ~.~~0~ ' ~A.#0~' .MI.0~,*~~N *mfi{ ;tt~ , m:r6 ±~ Il~ffi83 ~~ 1fia}ff*WtJiUl±~}~fiHfi ' :<f.fU~¥ 4 % ' ;$: 0. §. 14 . ~. ffi ~ ~ Z I ~ 80 &:f 10 J3. ±:l1!!.rJX1j[,: ,. 1H¥J '. ~~~.~~~~-+tt.U~'~* ~ ~~ffl~~~~~~~~~ .~'~~~~.® ~#JU~'&bl~A±rz;;j. ~.Ii~ ~~ li. ~ }.'Hi. ~t'!9i1i\;7t1!. i ~. JIW. 0. '&. , 1952 ('f. --l~ ~ ~I±l 0 16~. WJ±jmaj: ~E~. ifu Qic if':' ,. gH~. I. I. •. I. tE±ifu ~. &t11ll : -'F: ff[.fJlj , &tE.: rm~1j. E:l:EB:tp Wll. z.

(5) IH.i is!} 1lri ~ :~jt , JE. ~~~~:M~ . ~±till ~ ~~~?1 •. J1[!. tm: N~D. ~B9Wl !'~iTO§ffBZ. , fr~ -t.i~i 89. SWAP) ,. =-M=1lEl J:J Ii j§ ff fj;: ,. fUi1~t/rt'+~~'?120:Mj~~ M: ~. r. ~tlHI. '. '. ~wti- jI-m ~m:. J'Jfffitm '. H~l'i' I=j:l. ~%PJ 1rW ~ ~~ 6. @:sIB~@:~. ,. iIjOfft~. SWAP)ormtUff!~ Jflit Jt!!~itz fr. !Il{w'~ ~~~ P3B9~#f11::. (Securitigation) ,. ~. 3, 000. EJ3 '. • m~±'E0~ . o~~-&.Z~'. ;t~ H 1I10~ JS tJ J: 8~}jg ±. ± JIB ~ ~2 0~ JS B9 {ff! :ll. m{1&±:LmJ'Jf~jl:rrBt ft ~±~f1t~nti!. ffi:. 5f900~UJ:: ( tf E9). 0. 106 ;g~~Pij(1@* '. 37~:L~P$Jii:t~. , 1±l1§:1m. ill:®§C~ 89~#f~!¥t~FJf § ~%JiX:B!9JtlM:. 0. ~*jlfE!9~. ~. '. to Equity. 0. tfJJf(~~~J. Hl1&lm+ Hill ' U!i1i. ~±~ . ~E0Hfi~~'~Um~~. 3C Eb ~ ~?£ ~l ~~Hj rn ~ Ef-,Jj i¥J ~ X~ :tIHlJ ~1l p~ ~ Bt i: :p1-:j:/j I±l ' 1951 ~~ B9 ~ 7!! Jtl.a]UIJ ~ Jfl ' {i5~H91I 1l fi~ 3, 100 ~;~5Cfj9±j.ili ,t1{ ~ , 4 {fi~1}B9~~% m ' U,bl 2m:7 ,OOO~5E;frt ~ ~~~ , 3~:fcB9 ~ *~iffi:~ , 4,0001}~B!9k~**lliZ~ , UN. 1 it 5E;89If~!¥t~ (tilL) ±Jmc!cefifUffl ~ fo ±:ft!!. tj{~':fYG.gg j,~E] B9!¥t~ , /G@JiX::;aB9~~:Llli±'B9~ ~ J!f~ ~~'if. Ejg@1: T. *. •. ~~~ ~m~~ ±Jlli .ffHfi z a !I&J±~ ~~ •. M~ ill!tb B9. ~8~-~$. ~o~ •. (Equity to Equity. U±~f! ~)]~ i\i$ YG.Jlli±'. ~~ ~30& 89 MI' ~ [§] 1ft f.ij ji 14;f~. J~tf '. •. , In+~~7j-20:MU JJ:. /f 1\1 E13±~~Rfih5ra'{~H'1!' 1fE ~fj{:fI -l1t' tff~~(Debt. ::fiJ~s~i@i. ,. iTOmtillz-fff!&k#ii:4%~fU~. 0. l. t. **'iTO~EI3Jn.~±Jmm~~.±~~~~~J& • • ~5®-8*'~~U2~*~ ~~ ~~A'~ . AM=m?1~~~*o&~B~'±~fflm .& ~JiX:*®~~'Ma ~re~~~~~o~~~~9±~~.~.~.1I§a~MJiB'/G@~JiBB9~ffl~T~ jd~~f%. '. it~Hj{¥/G !tfr ±~1.JQ. ,. 1952~-1961~89J1&~1=. ff~j~~JiX:*~~. 5 %UJ:. 0. .~it~.~,~~a~~~ . m~~'~~~~ • • 1=.ili~~.8_~I.o~~~ ~5t ~ 1ft ~ ~Ul:: ~ ~. ,. vr-1}~] ~ B~ M *=. tm r~ ~ '(t ijl(;f.'0 ~ I. ~J5t~ rPJ ~;J ~ S9 fH~. , iTO:JX IP]l B9. ~1=j:l*1~~{. ±~~.'~~B9~~m*=~~~~.'~M~~JiX:*~WM'~U~ffl* • • ~~~. Q , 4m{){~. ~~'~~~~'*~I~2~.U~~~czffl'&®JiX:.~~JiX:*'~~~I*H. ~~!iq. !I&J 1:l E0. ~~~.o~~~ .~ £*J:re~-oou •. , 1952~-1961~ ,. •. m±'~~.'§M~m~ft •. i2k*ffi~16~~t,1titplB~lt17tl~tE30%UJ:. 0. • • ~.~. iTO~@:~~.~1JIlI. ~,~~JiX:~. .i:Q~ I±l. ~~J&{Itji. M±~~*~~~o@~ ~~ ~~~~~fJJ~~~~I*®~m*m . ~o~~'tE±. IEt~fF4m. ~~.'.Hm~~.~I~~JiX:Z.' .~ ~I.~~HR~M~~~m.7o. c {6~ m l±l c *~tffiI~lt (JU~1952~{691. 9;''15 '. ~1961~re~*J60%. ' RT J!?lnl ~)]. 952~f-HUi. ~ftilimffi. iit 0. -{} 1\. flt $11. (1952.:if-~ 1963.:if-). ~m~±Jlli. U~ !W±ttl!. J 1ft B"J '§' N ;{4% ,:;$: 80 ~ 10 jj. tE±~~*'.*1=.~~~~*'ft.H~~.ft~m~~' .M ~ • • it~Be tt~:~ •• ' ~~±~~~~. •• ~~(.~W~ft). 0. ttlL: rm ~T~I~~~ ~ ft**.~J 'Ma~ m~ . ~ ••• '~E~+A~o EfE!(rp ~ Z I. *. 80 ~ 10 jj. 15.

(6) lPT\~. -La. ;g; H. *. ,~. ~ ~. ~. ~ I~. lEe. -+;-.. -V> .;:a. !J£!. W. -V> ~ -III ~ ~ 8J ~. ~ }~ ~ +t1. ~ fL-IE 1\1. ~ ~ ~ ~. -=. -V>. 1WS \iffill :g; <$I. *!l. ~ ~. :WJ. ~. = !illI H !Wi ~. ill. ~. ,. -:lt1 ~. 1'::::1. ~ {JTI. ~. **. 0. n. ~. ~. .a!Ill. "'" ffi2. => ~. • fE. mj. ~. m. -IE. ~. ~. ;!¥.!! ~ ~ -I-~ ~. ~. l§. 1 0. ~. ~. I ~. 'W.(r. ~. ti. ~ ~~ ~ ~ ~. U':l. (.0. ~. -lit-. O"l O"l ..--<. 00-. 'C;:r. 0. -. ~. ~. ~. ..--<. 0. t.'o!.~ I~. ~ ~. ~. -.. * -H-. ~IE ~. .l.c. 1'-. n. ~. ;¥.!l -I--,,:, :\ilK ,I rl fEI ;¥.!l. I~. ....... ~ ~ ~ ~ ~ $' ~ ~. U':l. (,0. .. ~~ mt .pj Wl i@l -V' t:& ~ ~ 1If -= iW n illS ~. ~~. mK. ~~. ~. m:::. = tli!\ C'.l. I~. U':l. n. ~. t-. m r,:tl1ll. '" ~ -lit-. 0. IE. ~. U':l U':l O"l. ~. ~}1l! -e{ la!,:!!. ¢<. D!1al. L. ~. ~. = = *= m= ~ ~ ~. -V'. '". ~. *«. 'J. ~. ~. •. ~. -I--. 14-. ~. *'. I~. 1. •. ~. ~ IE ~ ~. ~. DR ~. oR. =. ~ tIf.. ..l.j ~. fil. %~ ~ ~ = ~ 00~~ ~ -V> ~ -III. ~ $$ ~ tit -N lR ~ :lill< ~ ~ WI r,il!!l ~ 0 $a( r l ~ -V> -c::t. *'. ~. ~. -@.:. &Ii( ~ ~ ~ $lU ~ ~ ~ l!!S 1 1*- -I-~ -$l {Ull n ~ ~ -V> = ;' W J ~1t\ ~~ -III ~ ~ 0 ~ $t Mi!. 00 -I-~ If'l ~ ;@ ~ -I-M ....... ~ Ifu.~ ll1ll( ~ ---j1,? ~ \lSll ~ ll& ilt ~ -ffi- , ~ :§ ~ @; ~~ ~ {!I$ -V> 1\1 ~ @§ ~ -= fi!rr( r< ~J: ~ ~ ~ ~. ,. ~. 0 ~ ~ I~ ~ *i 12 ~ ..l.j ~ ~ ~H< ~ I~ ~ L mj @; tt:i -N ~~ ~ '..--<J ~ &IT( ~~ ~ ~ %,~ ml\ 00~ m::: ~ n = -V> :E If'l .;:n ±1~ ~ ~ ~ v .,...., .('t m~ lR -H- ~ »IX ;!!!!I ---00 ~IE ~ ~ Lt) @: -ill l1') ~~ O"l ±1i~ ~ ~ 0 ....... ~ ~. .. ¢< ~Cfi. m::: ~. ........ ill. ~. W. $$ J8I [J ~ ~ :E ~ ~rnj ~. ~ ~ ~. ~. -III. ",-". ~. -I-~. ~. ~ ~. fL-. ,~. "*. t~. ~. ~. "'W". '*. , 13.\ l§ """ ~ ~ -R ~ >IE: ~ -V> .;:a 1 ~ ~ W; ~ ~ ~ ,-J ~ ~ ~ <$I M-> ~1!l( ~ ~ ~ -V> -c::t ~ ~ ~ ~ 0 ~ jGi! ~ 1 ~ 0 ti ~ ~ -J';:l 1\1 ~ -V' mrj( ~ -m ~ ~ -V' ~ @! H ~iE ,,' -III H ~ n 1 :g:; :itIl1 ~ ~ ~ 4-~ H .,,, ~ ~ ~ ~ ~ = $ ~ ~ ¥ *= ~ "0-).... ,,' :llJll. .., "1. *. 1nj! c~ -V>. ~iii;. -III. ~. **. :E H ~ ~. ~. *i. ~. ~. ,,'Ir. ~V1. .. ~ ~. *. *'. ~. =. ~. 14-. ~. '*. ~ ~. ~. ~. *. =. m. ~ . ~ ~. It-. ~. ~. *. ~. ~. ,. ~. **. =. <4. *. %i1: ~. =. -=. w.. **. *. ~. ~. fL-. "". m. +<. ~. ~ ~. ~. ~. ~. ~. *. ~. "". = @[ ~ ~ ~ ~i!i~ :ttl ~ ~ ~ -V> 1 ~ ~ W ~ ~ !ll:i ~ = ~ ,~ ~ W gffi!~ ~ ~ H ~ ,,@! n :§ :g:; -H- oR :ii?cl II¥ ~ ~ On = ~ ¥d!l mt !1!lfIl ~ ~ JIJ!l ~ ~ ~ -V> !$ ~ ~ ~ B ~ ~ .;:a ~ ~ ..l.j in)! ~ l!!1 ~ ~ , n W ~ ~ Il!Y -N fffi ~ ~ WI\ H @; 1&1 = ~ :g:; 0 = :!J=I ~ ~ ~ ~ 11m ;i!@~ :l;l1 '*v -V' -V> tim "R ~ ~ $I -o::r ~ :!:K -o::r ~ ~ -V> n lEe ~ n ~ ~ ~ ~ ~ :g:; -= ,,­ $= ?W! ~ 14- ~ ~ if. 0 ~ ~ -V> tt!!U ~ <$I ~ ffi\~ ~ ~ ~ -o::r ""m -R ~ QJS n ~~ ~ JIJ!l ~ = ~ ~ $I 1~ ~ ~ ~ ~ $' ~ ~ 0 n I111IT , ~ ilt ~ :g:; -ffi ~ ~ ~'h!H ~ fL1 liQ ~ mt ~ ?W! IE ~ :g:; J~ ~ ~ H!I ~ H I~ ~ ~ ~ :\ilK 0 ~ ~ ~ ~ ~ ~ !tEl ..l..J -V> ~;!it< 0 rl -III ~ ~ ~ , "<~ ~ -o::r ~ -V> .;:;-, -V> in)! W ~ -III :!ll!l ~ oJ .;:a ~ :s ~~J -H- mp.( !.@f)0(,,, ~ ~~ ;'~ Wi ~ ~ ~ :§ ~~ @[ ~ JIJ!l :§ <ta j:)! ~ , IE II$( ~ II¥ I I 00- i'\' ~ khl ~ 00- ~ ~ n ~ ~ ti ~ = ~ ~ ~ !iI!Jl -lit- "<­ iRm ~ ~ (,0 -m l1') ~ ~ n ~ ~ ~ -V' ~ m! liJlIT ~ :!lm m1- ~ O"l ..--< ~ :§ ;!WI in)! ...... ~ ~ ~ IE ;!!!!I +E -lit~ :§ :gil ~ ~ 0 ~ n ~ ~ CV') -e{ , ;!¥.!! -H- 1 fL:!fi l-- ~ ~ t!tl~ ~ IO!:E' ~ 0 %,~ O"l <tIT ~ o ' ....... ~ 0° ~ ~ -N !>foE: D. n ~ :g; i!2I- :ffi; ~ ~ i* ' ~ ~ = fffi oR ~ .ffi: -$l ~ ~ IJt. iW :\lg ~ ~ ~ llln( -.L. :!!:!:i V!!~ , ~ ~ $: 4li ~ 1\1 *il- l!! . ~ ilt %<0 ~ = 4a Mn!. .gi f! ~ {ail! jggj ~ ,'h: m~ ~ ~ """ ~ ..l.j ~ 1 ~ cr -H- ~ . ~ ~ ' ~ ) ~ ~ 0 :m' {i. ~~. *'. ~. ~ {]Jl. ~. ~. ~ 1}%~. ..l.j. ~ ~ ~ ~. UJ?(. ~. ~. 0. ~. J=­. 1=. IN ~ ~. -H- .mJ -lit~. cv:>. ~ N. -W W-. -lit-. $IiI ~ ~. 3$. ~. C'.l U':l O"l ..--<. "". ~. .\. *-Li. ~ ~. tEl-­. :m'. -H­. ,ztj­. + -III. -V>. =. ~. ~ !fHff. oR. -lit. W. O"l. ~ ~. O"l. (,0. ~. .. Hjl{iI. -lit........ ~. ~. ~. 111. ~ .~ l:i. * +-lit-. 0. ~. ~ {JTI .\JJJ. ........ ~. 1. -<GI!. ~ ~ ~ ~ ~. .('t. ~. ~. -V> IE -III -H- tB "*" -N :\lg. '"1 ~ ~. 'J. '*. ~ ~ 1$ l@: :§ = Iil2. W:. ~. ~. W. ~ ~. -III. ~. ~. ~ ~. r<. ~ ~ ~ 0 ~ ~. -V> :E lii' -III :t!i ~ .,., /illq :g; E:r= b1- II!@. ~. ~. l':.II1I. :§ ~ ~ ~m ~ 12 {JTI :ttl '-d .,..... ,,v 'g ~ ~ /ill~ 1! ' -= t~ ~ ~ ~ ~ ~ 3$ m!~ ~. ~. Jg!l ~. .-<. 0. ~. 0 CO. ~. ~. ~. .. H. N. ffil. -fl­ iE. .-<. \0. ~"f.

(7) ~.EL¥.o~~~. , JlU~'If}~~mH§~1JZ'~~~fil.: '. tJ~~1tU (~D1960~). i*~~fil.:1J#. ; &Z ' 'iiW1l:J:. ' Jit'.t~~~~16,f&,~~~ (ftI]1958~) 0 ~~ill~~zrs'~*J:B'9t§~m ~ S"J.tlt1FHg, nJ tJ -g ill ~}t Illlf ffUil- till Ji tm ~ , ¥.o f1l a"JlX ~ ff - ~ ~a"J ~ ~. =. ~. 0. IPJ. 0. -. .. M/M. I'/P. 4070. 20%. 15%. 30 %. 10% 2010. 5 ~b. 1952. 53. 54. 55. 58. 57. 56. !It~B~~i~UfiiH]JtJ ~r4 tHJ~(jrErr.~±. 0. 59. 60. 61. 1 959~~~ki, ' El3JnIiTh~JU1H~1:B'9~. M.*g.~~~*®m~ ' ~~~~~~~~ , ~~.rr , ~ •• rr , ~~.rrm. M*~~*oili~~M~~m~tJ~~.rr~± , ~~~m~~~~~roB'9I~ ' ~~. .~MB'9~~~~~ , ~.~~~.~~~o~@.*.rr~~~~~* •• ~*~. ~~~~~rr~o®~~M~ffi~~~tJ~m~~~~*mm~± , ~mm ~~rr$~. EM:& rrlR ~ :ITl ili~ ~ @ FJTl!gU1H±13t~ B'9 ~~ W~ , 0. , ~~~~*B'9~ 1B 13 ~, ~riJfe,ii!5t. ~ ~ El3 ~ 1M! ~ ~ FJTi.i 51B'9 if! IJ. tf: ~~ ~. 0. ffiSW~~fl!jMB~Al,fl'H?Pl5~jlldfi& ~5 [ ~f~~Uti:~~B~mIJ!t~m ? ill: M ~~~~~M£. ~~*o~~ , ~mtJrn.~ft ' ftft~~M¥~~ ' ~~ 7 ±~~1:~~ ' ~~~~. ~m.1l:~'~~m.B'9~ W ' ~~~*~A~1:~.*~fi~m~®~1:~~o~~ ' ~~~~a~.mz.,~m~ffi&.~. ' ff~B'9~~ •• ~~~~~.1:~B'9. 15%tr::E '. ~~.tE 1 960. '. 1 96 1 ~~. , ~fHilfPJ J:ft7t 3?: 17% ' 18%. 0. (~ • • t~~. , ~J&. Tfj55J-~~~~tl~Bi?JT%~B~mI~.ruH~1J. ' ITfj~~¥!.J1lJ:$~*IE~{E 10576tr:1:i. 0. m­. M~~J!U~J!t'!l'fB~'pJT~Vit~.)!(**lii~{!. -o'£ 1952ipB'9 1 2ffi~3?: 1 96 1 ip~ 9.09ffi. '. ~\t. ~ EI3 rp ~ Z I. *. 80 ~ 10. J3. 0. 17. 4.

(8) s"J pfi14ME~i*I\t1!::l;Ui:~fjt:~m1 (M!) ~tJ~pg~ff=§tfi (GDP) 'f\~~j,lt~iE-~ pg ME ~lU~ IrltJ M 0~ ~ Vit illi ~ ~ ~ f! ' *§ ~J s~ 11!: j~:f'!j! T j;{ I,~ ftl; *~ t1Jt ill' ;/JQ ~~ 1JI ~ ~ e 0'ilit M :f-j-'([;ill ~ ~ a'9l2§ ~ f{ 1ft ~ ~ iW.s( 't ff B~ tffj:tm , {d:! W1~LI: 7t B~ ~ 17 t§ ~J~ ~f@i ill -+- ffC. *. 0. ~'~~~~~~~~~~*~Wili8%o. £~~'~Q.~m~~~~ m ~a.'B~~-+-~~~~~~~re~~~T~~ ~iJ:. 8.6596E!J;m!tHffiJ}~~ ,@!tMt!I'l'~~IM!ll~P'J. ,. {El.J'EItU B% I'l' Jt!2. 1,lf¥*7 8 % 1~ 1U~1~*f;~'t Qif ~~~:IlP¥ ' tE­. ' tU}iHt1tfJHiiZf~:!;~W~2 3 %B~ tJj1 5:!F¥*1JQ~~ Q og<tl;; , 1lE1%ii~B;;. M~'~~~~~ttilliw~m~llim,~m~~o U~~~Q.~IA~'~7~~~m1!:: .~M aa.~~ . ~n'~MR ~~l&Fff3::~jt~~ViE~ ~. Q. ~t~llif*B'9 ±:~=F-~. 0. •• ~. ftlJij~ltlm;f;V$!&J;fi:tEm ~~ Q Jfbs~fl{. ~'~.ff~~ .~. ~~ ' * . ~Q~.a*1J . ~~~'~*M~Q~m!3~~ffl ~~a.~Q~mo~~~,~ma.:tE@.m~~~m~~~~~M'U~~~~~. Qff~i'l9 m >~ lJljiKfl '. ,{* ~~ *~ji. Q~f~I~B"J § 89. 5H~U}illt~flir5E~19'g*~!.l". ' rq£;p[· ,. 0. ~ilV¥i&~J!!j:tE5fUffl~f~~?HIHf1liU~~. B(~!/011~J:. 0. t§e:~-~~F£'~ffl3?EB~jjf D. ~'~.Hm,.~~,ft~~$~~~n.~~ . ~~~T,~~jjfA~~m.~~. o~~' . ~*~~~~~,~~aMM~jiQ~.W~~'~M'~~~.~~*~ ~o~~ftmmn~~.*~~~'~~~~~!/0~~~~~9%~~~'~~~~S. ~~o~.~@.~M~~~~*.~'m~*~~,l2§.!/0~~~~~*'~ .~ffi ~4-~~ ~. VI. '. 0. ~fi m~ §~~51~~iM{j:.!.Hw1t~~>,lt*~f~~. A~~~-~-~~. :x iD't -1Q. C~/M. , J!l'diHM!'U!~:fx.~~~~B9lt}~. __. I:::l ~,\).I::. WI ,,~ Q J::U:W~%lill Jlli;;;;<:. 0. ~.M~pB~~M~.~~~*~'fi~Q •• ~~'~fl'~.~Q.n;~. ~~~~~'~@~m~~.w~.~.~~m,®~~~~~~~ m .omw®~'. i&~~*B'9mj~FfJ:lUfilmrta. ' @:1:.pfiflHtlPJil ' .m:5t~~:k* ' ~~1'-f.:fk~lli~F~ , i~~tf ' ~f. ~Q.n;~1:.~~#lliT-5E~n;~o. ~ 0' ;f~~Ht -AA (1962-+~ 1971Jf-) l%l~~~'~Q.R~ ~~~*.~ ,*~~~~~~m.~~'$ ~ ~*'~ ~ro.W~~~~Q.~ftm'~.~H~~.m~~~7~~o~~,.~~*~.. ~~~'.M~M~~r~~~~~BRm~J~HSrn~~.~HBm~J o~~ ~J~ Q ffr'1~~.gfflUB~fiHitM'1i~ , IHHa~gUlD :7HM'9!±l t::r~~l&.pfiJ&~. 0. 1960~ 9 Yl '. r~ . m~.~J~~~~'#~.~.~.~~I.~~~.m •• ~~s.o®~. f.i~&517'~~' {)E~7'H~I¥J~§:tK~' **':]'E2f6~~m~~~.B~lliQ~m; ~~!±lPM& ~. 18. mrjJ. IMl. zI. *. 80 ~ 10 ,F.l. --00IIIIII. 4.

(9) ". * *. 89 J§: tUff! fp 1E .ff1: ; JH~ 1& A 89 2 96 §E ft ; ¥t-l 7'H'~ ;~ Wl ~ tl:ll ,I 2tLl:: 8~ 1:. i1€ ~ ~f!J~~ :y 10%8'9iAX*'* ; ~RJ1X;.sl:r?~ !$ 1JUItl:lll m~ , (fd~1JuItl:l DNjl,(fm1~t)m~f.ai!ffi ' :@'ffl:~~ Jji 89 ~ [~Jl;t Z 7l ' ~ ~ro U:l D 69 ~1J ~Q] ma; 'f¥J~ , l!f!J!iii ' 7'~ ~ mi~ B~) IJfF 9G 5t tfr ' i& JfJ :teJ t'f: ~ &;, ~B9 E~ ~ {fl:Jfdlt ~ J;.B'HJfF 9G ¥&H~- ~ 7f; , mt~ ~ *' f0 ~ t'iiil ~ :?[~ ~ 1m ~ 1:'1: G9 Pfl­ ~~~.o~fr~. ~fi~ • • ~~~~~J1X;*ft~~~*~oW~tl:lD m ~~~~m V~*W ' A~*fJj~fJ,:aHllfJtmx5f3~~illi-1.8~gtJJX 0. 0. 0. ~&JfJtl:lD . ~~&.zT,~~e.~~-®~~~IAo~~~D.B~.~ fU~~fAtf§t. ,. :YHf~ illi~B9~f lj ~rt! JI. '. A,*,'§t§H}~~MiH9Foff:HU\tfj1 lf[1[. ,.~n¥.~~ ft ~#'-1.~~.,w~~n~~.,~~. ,. , ~ D rnCjS!·U9~~~ • • , • • ,~~~. ~~.~~.M~H~MM~~~M~o~~~~~~~~~~~ '~~ .~' .mm. M' il~* ' 1!ttm~ ';'[ T@:p~ , tfkt~ ~ J1X;ltf§UtEl~~'t&7+ I ~t~~H~lt{7Urmftf1*$m~ it' 1962 ~tikP.f&:llH~1JnItl:l QJiJr1~lt{9~§f5~f!¥'I~@:rf2t' 1971 ~I3itii€~7H~~ 0. 1@:~16i~~5t ' 1~{tiptl:l. Q*~Hf~8'981% 1961ipl¥; 31.690~1f.~ 1971 ~89 14.9% rm~i1i~~1!. 0. ;j:§¥[;fffIT § , ~*-1.~f~~~*~-1.~8'Dlt(§U-&~. 0. *1: ~ t.3f9tE@gft';,r,~~'*'B9m~tlrs~I*B9J1X;~. 0. ;(E tl:l Q WH~ il§dl~ T J:1r.~j~fH!~W1iiHIHj-. B'0 ~ ffl~ {lU~t!:!. V-Q rPn >jH~ i%Ii W:*: $lHl JE (1965) ,l'j:II22lMkft';ilH"'J (1967) ~]11g~ o 0. -§)t; ~ m[Wd~ iI2 i!tBlt'Wi. '. ~ :[tmU!D--&1i'~~tr;17t­. ~~~Mm~J1X;.sl:o~~'MR$M~7,*,~,~.,.~, a N m -,l'j:I~,§~,. ~. ±~OOB~~ *~~~.0 ~~~~'t)~~,*,'*M.~~~H~5o~tl:lD~. fitJu ' j'H(*~~*$1ti~fi :yj-~~rrl~U1f * ~ ~ft5trr ' ~!J~rm?Eh)J;~rr ' ~~rm • • rr'~ • • ~fi.rr,.~.rr,*~.rr,~~~~.rr~'~ . B*~~.rr Z ~ , {E ~ ~tJ1X;ft5j'-ff ~~~HNrrJSj § B9:llf1JU , ~Jirr B9 m~1fl£If'f B~~m: ' 1961~ 0. 0. l'j:I~.rr~.'~H~MT~'~B~~'~~W~.I~'~~~ ~.fi8~l'j:I*. rr,t)~~~Ma~,.~.rr.~'.~~M~~&.H~. ~'&m@~~BB~. :ft § B9. 0. ~~~~H~rr. !l1jfJ1~{&,*,:k:.ffi*~141~~~-G ~HI~ .rr {-~~~Jrr 1JT ~ ~. '. {t::tJ~lI!b:YHjH~~t: ifij 89H:j ~ T15@Z~. ,. ~. Q ffi1961~B91 fig. ,. ' HZ 1963~~1964~rr3' ,. =f~~5tiftbu~U1972~R929m:. Qg,:r%,*,~*M~I~IJfi:;jSlB9lt(9U-&/Fwr1rt~. ~~~3UUff ~~~~a.x~. 0. 0. ~*r~*€t :f! ~.ffiW*89:7Hllti~ft~i%liW ~Eii~26.5%~. 30% 0 ff.& ~ §e!/11 {l ~ ~ '3 [~ r",~ @ 1 l'j:I:k: ~N rr ft ~p t'f: ~ ~ff *X t~ Vt~ i¥ ' tJ ~ {IU!H'J fHx ~ f1 ~.~O~~'&ffl~~8900~~Q~M'~~1%5.~~Q.~J1X;~~30%~~, 1%4~~500.~5t~.£m~~ ~ ~-m'.~Q~J1X;~MM~7o {£!.~E~~ill+~,*,. I3 EE cP. ~. ZI. *. 80 &f-. '. ii{~f,~~tfN. lOA. CM,). fJ1~~~ m 1950ipt~~20%B9i%1iZPJtJ~ij. }9.

(10) 1-­ ~$ , Jlr'Wf(~~B~t~r~ ' *~~'i~~&W~::T - ~~7} ' ~~=§~~#rn 1 962~'fB)9 1 5 . 296 ' t~ ~~U1971 ~~ 28. 8%. '. m~:fi~~~~t,;.~1:.gf. 1/5 tJ.l-_?ff~*~~T""f* '. 110J:.~\t~. V1UHt~13X~*fHf 1950 ~f\:;~ ""fr%Hw~. , 1ft 1962 ~8~ 9.54-(~t~ji351j1971 ~ R~5 . 76m ' ;j:El. ~~~!/o/.JfjHl~ ~w.bV~ lfU3H,YfIT itlimmJE. 0. ~ 0 tgf\;;fRfJW8)9 il~ ~1i!1. '. tE 1955~Z 1f. l1n~ ~ ' .i@Lt~t!H~ ~T ~ff#~pg!/o/.Jf1tJ::t5!P¥iffiirfU~J~~?Jrt,!W*R~ /F5f1j J!'6 m~. ~JmMF¥D~ 1 ~5Gft~ 405Gwr ~ ~z 1f. 0. '. ~. &~ 1958. ' § *~ (@:Dlj}1.&iffii ·(t1: ' tE7H~i]~iJtH~~~H!1fz. ""f ' m~*.~~~m ~"~~~~~ Z ~~~$~~ /F . ' . ~~~*n.~mJ:.~ ' ~ § ~~~.~~~~WLt~~~*o~.~~~.~~ W D ~ ~~~~~ ' .*~ ~~. , m~~~wD.~~* ~ /F~~An:fiM~WD. ~ O~+~*~ ~ ~~ • ~ iiX:. *. ~ riWl ~ 10 . 26%' YfIT IJ!J' ft ;fJi!l'm fj{ Zj-\ j~ rtf( J!X fY;] Zfi j~ ~ iff 110 ~ ;t;~ Ii 3 %tc 15. •. ' 1'iJ U:!1! Jl. , ~w~mMom~m~W %~~Lt.~~ ' !/o/.J.*$~~~~ 3 %~J:.* ' YfIT~~m ~ ~u* g iiX:~ '/Fm/FMn.ff#~~Rm~ff~iiX:~o~WJ:.~~~ ~ ~~~ffl ~ ~. m.~~ I A;fJi/F~ ' YfIT$*~~~ ••• M~~~R.~iiX:~ ' ~~M~~~nm~ 1'iJ~ o~~ ' ~~~w~ m M.~~~* ' :fi~~~ ~ ~mmH~. ' ~~~~~~ •. •. '~ fi*m~.~.~m~~MR.~r/F1'iJ~~~ ~ J ' ~1f~~.tc15m. ~ ~. .TIt ' ~ ~J ~ ~ e~ ~ ffl. 0. j;\t '!t< fA ~:If!: ~. mH j~ iili *~~~ B~ mE!ltb ~ 13; ftlYt ~ ~ ~ IDHIIl ' JJR * 1-,. ~ ffl ~~ ' ~.1:.~ ' ~.~~ •• ~*o ~D ~OO ~ .~.1:.~~~ ~ ~ 1 % 2 ~~. 11.3% '. 2. 7@ , ~ 1971 ~8'9 31. 2% /:f:j 0 t!6g&i&m~{§- C&~ T ~jl.f B~ ~~~m ' &.~~~* T ~~~* ' ~E~ • • o@~~1'iJ.i ~ ~~~.-mmffiR~m~. qZ""f ' •• ~~ ffl * •• m ~' ~ ~ ~.$~~m~*~.~~~~~.ft~. Aa , :It3~f.'U§!~.iE{iffiimtE?'Hj!J~.~~mit'* ' ~~~;j:§~J(:l~ ::ft~iJ 1fn~jU ' W ~lJ t~:JfHmr~ tfl~. 0. ~ 1!k M ~~IJf6!:~~*. 0. ~ill. i~ k.~. at $Jl. 1972--1980 ~ ~OO ~ {t ~~B~ :fL~. (1972-4'----1980J}) , §)t;~ 1973 ~8~ m-~(Ei1bf!tm. ' ~Wf-I}IUffi1l. ~~~J:.. ' ~~~ •• ~mzJ:.* ' ~1:..A~~~*mti~w.~ , ~~~~-~. zFI3' , }SJ~3A T .~~~z. ~ ~ ITllI?& -. iiUf'ilitlf ~. *B~ ~Jf ~. '. 0. ;Jt::;CtE ~Wf-iEj(:7~J:.. t~~m- 1971 ~ 10 Jj ~ W lfYP~~ ' 1~. 0. 7'} ~ J:. itIi ifJi i& ~ ~ ifi± 1¥r mtSI. '. {l!~ ~ii1 B)9 ~ ~ tE 1950.-.;. 1%1 ~~ B ~ •• T ~~li* ~ Hgm~o~~ YfIT ~ ' .~~.H.~ ' ~~ I . ~ & ~' §.A a~ mE~ 'B . ~ m T .~oI.~~~-M~~m~ ' Hm~M®g~* . ~/F ~~ ~g , amtE 1~2 ~~~~~. H ~m.~ m ~ ' ~.H~M~~~~~W. !I'm,m~ •• ~~~ ' ~~.H~~M~~o~.m*~~~~ , .~a.~m~~. zo. ~ El3. rp. W!I. z ;r Jilt. 80 ~ 10 ~. -'".

(11) J'. ~. , 1978'¥liHI€fJJ&!:*~~{1:: ' M)~ i@:1:J. ~rrii4L ' *g.:Yffjk~Jl'~B'9i[Hff1tox ' t1-tVt~~{fi)r~. 0. 1~3'¥ftmOO~mti~*~~~~~ m ,~~* . ~.~'t1-~~ . ~ H.tt~~ *m~. 0. !t~1g:J15 ~ ~~. m9!~. , :tJ~tE~:tJ). , ff.v1dI1!mB9~U! ' m~t~j!~ff&B'9¥!~ , ~~ff&~~{1:: ' ~t~~x , ~~g~'~ , *~~ ~);Ii ' ~Ht¥~ , ::& 1l::I*~~lJi !t~]ilJi~jrn~ 0. ~,~~a.~ ~ ~~~.~*,t1-~~~.~~~~'W.ft.£~~~om~Hm. ~~~~~~~~~*,@~*~ft~~~~~~~~~ U ®~~~~~~a*~:1:J o. 3S: n~ * ~fiiH ~<l~ 5/il::& {l:: I. *. * mff ~fLc 101 ~ * :1ft m: 1: ' 51iiHi fill] , El ff ~ iili (;J:!; JJ!)Jf.: *'[.. , {f. ~.**~. a~~,~a~~~~~M* ~ '~ ~ ~~*m*~ti~ ~ U o~M.# a~~ ~~ e ~~. ±*m~_B-~ZJ.~ /' I ~ W 59:!.P"<: rTfi X. ::~i ~JX/R ~ ~ "'"' fJ'\F >'01 ' /f'-;"" ,",J. '. ~;Mrl3't1-jf*W~5/il~ fi~jWf~B9~ffm~~£w~. ~I~,~a~-~~ 'F3 /\. Wi lI-w",", ~ -7\.;I.5. , [i;R~iV!UftI* '. IJ ~t~ 'So ". '. ~AAR ~ ra rl'J.N::.:t§.. ::&{I::I*t1-~ft;mr:ff. ~~IJ~*~~,#a ~ ~H~~*~H~o. ~*&~@~~ ~~g~~.~m ~ ~~Mft~lli~.~*'~~~m~~~~~ .mm*~~~.~~.oW~l~l,¥~~.~j!~*~.£m ~ ,~~~~ a ~~M. .~~~'~1~0'¥~~~~M*7~mM.~~ g o~~*~~m~ a ~I*H~~. .m~~'ft'¥~ti~1~1~~~K~~~.*~'M~7~&MH~~W~'A.:1:J •. •. ~ffl~~~-mDo. '¥ '. •• ~.~~~'OO~~~;M~. ~ ~~~~~~eM~tt~. , ~1~J~~~B~~-!i*~m 6.7% :z:i} , ~-t~~&' Mll#Ht~B~~* * ~tE20%t1-~ , ~~~i¥~1j33.996 tE&~~m;M~,~)Jf.:~llilJ.*~n.~.H.~~~~MM~'lliD~~~ • • ~~~{I::'.~.ft~B*~j!~*'~A'~I~~' •• '~.'~.' • • 5 ~7~g~~~jJl~ ~~rrB91975~. 0. M.~WIJ#~~~~'I_~~.~~~~w.~~.:z~,~a.~*~~~m. JJJ ' ~*W~89~@I*~]iil!YiiQ~~~7 )1jl:rr89H~~~ ~r.lE {l::I*ffij!~~lnf~rlE~il 0. MIii89~~W~~.t9*. '. ~(@:~r~!Iif~{r!i~M~R;~~fffB'9 1/3. Qt(~{r!i~R;*~~,~B'9lt{JU~~~1Jf B~~ljl0%. M!~lli. t1-J: Jk*$r~~~ ' 1980 '¥~Bi~~ 9.2% ' lli D.@'ir%~ , !1k@:~lli IJ 0. 0. IJ @:gB'9~~11:: '. iH~ B~~/h:E** :i: !l{!~. ~~~t§~~m{4=~ffB9~/J':J£.1K~. 0. , ~gfgi1~tt* '. @:p~~i~~W~. , E8~~rl3'@:. 1JQ~~~lF~~/J,~j?{£frfimA. ~~.tt~ ••• '~~.-.HM~~*'~~~~m~~fff~m~~*m~~.~ ~'m~~~m.~"~~:J£.#~~~~~~~ff.'~~.£.~~~ff&'~~~ ~rf-H§~~:fi*. 0. ffi&7tr1l!ljJ1J:~~/J':J£*8~~~' 1974'¥~:sI7~/J':J£*'fi§mf*m~~ ,. ~t{r!i~ff ~.98% t1- _c~~ IJ':J£~~(;J:!; -~B~j't *x5/il frfi*j't~8'9{i§ fl3f*[t ,. E! EB cp ' ~z I. *. 80 ~ 10 f:j. 1Elit1:i}jf!J ?l.

(12) , mft~m.~. ' ~umm~~~~ ' ~.*M~~ffl. ' ~~~ffl~lli ' ~aM~M ~ 8~ j;'t;¥,x , ~D fJ ~ [iJHa ~ {Fm ~ fX. ' J!n .fUR.{ E 8'9 ~ ~:J1f ~X '. *ijj~7H;.ajl(j:X~ , #t~~7-(i3JlH*ili. 0. 1~ £ I ~ 8~ ~ ~ i!t iF);: ,. q:r 'i':1£ %i Jl Dmf!#ijl(;5Lq:r/}1£*JfyXP-& ~~ q:r,c.,\ , t~~. M.M.~H • • ~ • • ' U~a~MUm~~~ ' B~~.~~~o~~~m~~~ RU~1iJ q:r~~~~q:rlc.". ,. 1t2 J1Ji) I~g;t~r:pIc.". ,. r:p~tYJ~I.~:5Eq:rIc.". ,. ~~I*~~t~q:r. 1 ~' I.~5~~~. ' IDa~ffi~~~~~~~~m~~ m *'2~T~*~~~o 197 51f~~~q:r/J\1£*Iii!l!~lt-;J-**~~~~8".J1t~L. *~~ Di':~ ~.~ trpg. ,. ~~/J ' 1£~-(~-fflm~W~. 19851fJlf '. ,. ~:!Hi~~rrMj. , !fflJlj#j.q:r /i':1£. ~}~ ~ B~B{; /\*-& t\t I~f~ ~ 'aJ ~ {f~~1liljffiS q:r Ij\:&~Ht~ tr r:p/J\:&~~H'&tr~.~~q:IIJ\:&r*8':1fJX;*ITfI/f'Wi-B".J~*. 0. ~ffiF);:*~~l'iB~. '. 5 'f-W,UJ:. t), ~. '. ~. 0. ~~~ T~~~pgB".JmW:l1t2~mt~. , 19761f ' i&FFftMiT=*~#i1t2~~~15J Jitsi: ' u~.~~m.J:~mW:lM#i. fi , m~M1£ • • ~q:rmW:l.~* . ~*M~~-m. ~~ili ' ijl(;:Q:7Hl91f ' 1 98 01fB~3t~ ~Jl~~ji 7 'f- 4af1j,5C ~ 1 989 1f~ , B~ 8 ~~ 1 0. ~.5CUJ:om.m.m~.* , ~~~ijl(;*~fiq:r , .:& • • ~~.~*.o. ~~W:lMX.~~.~-&~.~D ' U. W AM.~~ • • • , q:r~. W A~D ' ~ T ~1Ii!J EI-g-~~~~TIJ ~/\~(r:p '} 1£*~NDZn. t{1 1Jo. ' H -[ij~Ntr~~~tB~5}1ilJ&~#*$M. 0. fL'¥~. ,. :W:~~~ID'i:. CM t ). ZfS:t~1f-Ji~*~tt. E1 ~~1JJ '. ~ji. 26 .25 90. 0. {§Jt~~. UM/f'~*a~*~~~~m~~~~H~T.~~~W*~oITfI~-~M~W~~M ~ ~ ~~*~~Wo~~ • • ' .£~~.* ' ~~~W~T 'W u~mH.~~lli. *ftq:r:k:~tr. '. ~~~tr~fi. tfij]£±f427 . 2%~33 . 5% '. EI ~*ai~1J o. 0. 1 971~ 1972 1f~~B".J.~II~~. {fe:~~'ltH~~. ,. 1973~}1!m7t~. 45 .496 ' i¥l ~ *¥J.JljtHj!!X1fJi~~j~ 47. 47% , i§tIe:~ffi!l!.~*~i'fim~~~ff~fU ~~ 9.596 t)'J: ' t))WJ 1J 8fmHj*!l& J&~~S'9itJ.~ ' ~~xlm~~f~~:\1! 0 d:)'~ 0 B".Jtf!1JQ *~fg;~P1~j~~~~Ji~~ , ~r1J{jl[J:7r B~~:1Jo. 19741fi!tJf.fi8{;7f:lJ(~1JoJ:* iit ~f~~~nt 0 , .~~~r~~ 8 t~3€5C. rq] tJtB~ll!I ill ~. 0. 1 97 3 1f~JJ§jtE. 0. z T ' ff{j-l!!!I5E. l 3€5C ft~40 5C%1f 1i ~B~ il~7t- (@: , [PJ J:~ ~~ 37 . 95 5f;%If~. 19 7 8 1ftE~1J;UH~II~~~m1JT. '. f!}§t7t(@:~. 35 .95 5C. 0. ~ \f,~(@8~~f~fiMH~. ,~. ••• ~~~ ' ~ •• ~/f'~~.m~*~m1Jo~.am~~~~~5E7f~~ , .a .~mm*~~~.~ ' ~~~m~mMaJ:~ ' ~*.1JQ ' ¥J.J~J:7t , &~*X~~ wc~*.a , ~~a$~~~~ITfIm~o. 1 972--19801fWJra'~~B{;pJfmVfE*t3!§t-m~*tH~~W:l:f;HRr>-~fE:~~~. ~ B ./J\~1ltrfHi-* W:l. n. 0. ~~. ,. ,. .R~Ett9~~. 'Ei£/'fft~Ij Till~jtJJrB'S{;~~J\-}\mJ~ I¥ ' 1±¥J.JflJ:i~~*~ ~ fl3 t:p ~ Z I. *. 80 1f- 10 ~. --.J.

(13) ~. , VTt: in ~ [ttM§~1Jo *. 0. (1iil EB M':f.1tM m~ {JJ~1f:::tEf;t(ES!;)Tp¢ , pffU!J{v m:8'96H~ :)d1fl. J: O;~ ~ ~tEl'iJ~ffjlj B~~lHtWJ ' 1974 if.8'9 pff~tJfEilli3l:)jf ru M-if.S'g 4 .44@~~t~ ~~Ij Nz~if.rl.JlfI:¥ii$:ii. 5.39 Fo '. 1975:¥i1rUm~ mDz.[EiJ~IJ4.49@. 47.47% ' I'iJ J? ;m~fl~ ,*8'9m~B~ ii,@ mB~ , ¥tif , !J{v1l7j($-m~~fi¢3?:5.24%tcti ~i*S9 ' tE1979:¥~ 0. 1%0:¥~:¥'~.~M:¥~*~~~~'@~M~:¥8'9W*~Ma~**~,~~-~ X13Ifj:H11 Z~". 1980~71f Jl!~!J{vfJH~J]Li(x-ttt1JOT. 19.0196 rmf>vftLl:89~{t' * 't! J:B <~J5Z~fE1979~VTEilll3!1t El33.3f-g J:7!-3?:3. 7@ , 5fri1980:¥SY3. 76fgZ J: ~O.JJ~~ fL~ ~197Mf-g5!19801f.1¥J!J{v1lV5Ztb~* ' ~ ~ SM'l.Jf~)j(~fP.J{E5. 996tc;t 0. 0. 0. *~mH~fz. illjj!:JJJrslL~~~f'l'J~~~ti1Jo. '. ~~rn~~*~:sI. '. ,. ±:~~~~J&3ZJ:6"9I1[Wt~pff5 !JEfB~. ~:R:~Rrr pffRJ1*fIHttt'P}tJIJ'U§~i13~~. 0. ~tH:. 0. rum­. ' 40flB9t~'rfjUAA~>F. a,m~13!J{v1l*~~M~~8'9m.llimo@1f::~M8'9~~.~~U~M~m*. ~ ~. nX; ~ 2p"{ ~ ji$ ¥iJ ;¥33. 9% 0 U ~ * ~ *M~iBf~ WIJ ~ ~ ~ UX; ~ PJf ft tl:l8'9 t\:; {j{ , :t§ ~8~ ~It UflfI ~l~~~~*. 0. ~&i~#~ utJIJ=1 (1981~~ 1990-+). J]-1ll[lfgjj!: , ~MH!'\lffHM~:¥ ' titJf.~tm{JJ~mHiHEm =*~.~mzT'@1f:: ~ N ~.M • • B• • Tft~~~.,.m.~M~.~~~ ~~Tlli* tt1981--1990:¥r:p , 1Z< if,l~ 8'9~~@lApM~tt 2 T~:lCm~¥1j 8 T~:lC'!J{v 19811f.fi1Htl '. *~ E~~~A J. 0. .*$1f::~~~+~r:p.~~.~-~~M,m~~~M.~~*.M~~ . ~7!-~~ lZSl~' ~~Ti/iP::*:~!iltB9~{t. ?!,\ fj. 8. 2 96 ' lli rJ [}1'!Htl:*: $i PX. 0. ~~~~gHl~ifihoT. * ' ¥Ij. 1983~ fI#. 2.2 f1f'. ~~Jt<;**~~®:1f.{]J. ' ~ ~ B~ lli rJ ~-%t tlliHr!l ~ ~ *~L~E @ 8"J It fJIJ&!. Be~T~%oI'iJU.lli~*=+~WrJ.~~.~Jt<;~o~llirJM.zr:p,~+,. a,~m,a.~ltfJIJ*m~1Jo'~M8'9llirJ±:~~.~mM8'9~fJlJB~~9%,W.. f€&b lli rJ BI'43?:O. 7%. 0. j~fL~?'~flJI[lH~>FlWr@ijt. 14 ~~:lC ' 198'7 ~~ B~.i! 186 ~~7G ' itf1JoT13.2(~ !=f:!:R:~~rrB~jHJl~ff@:~ii 1970~t\:;r:p , lli rJ H!liJmo;1E>FWJfB~tJJH~' MR JW8"Jj1-~~;z.~A~~Vji{1EZr:p , ~~tEr:p~~]!rrEI9;i'~i!ltffJtO~>F~ , 1980~@:, ~# ,. 19811f.~{i. 0. 0. ~n.~:lCo~A~M~jj!:z~'.~.~~-~.'PJf.~8'9~~~a~ ~ ~'ff1E. £Nrrzr:p ,. ~tH:. !=f:!:9H]!rr8"Jn~;ffJj~Hilj~j(a JI[fJ&B~mt*W~ii. '. B~~~ '. ' 1987:¥fF.f '. ' 2jst0]~:¥:ii1J04.9Fo j}ill!ffJfrB~~ft(, i§~ ~ 1\H~~tl)ffl;~~JJJl:~~1IIHf{, M' ffi io:JJ:fH@ 1986~Ft~~t;' ~ f~rn 1 ~:lCJtiYR:39.9:lCWT~~7!-~35.5:lC' 3?:19891f.f€r. , B~$iJ26.12:lC 7t-{[fHiIt~ji52.7% ' M't!Ji7!-(@:J'f5[~A1f~~ti~MitA9VTEA. 767.4t~~:lC. 0. 0. 0. g EE rp. ~. ZI. ~. 0. 80 ~ lOA. 23.

(14) H iliHf Jif 6~ ~~ ijf 110 , 1986~. 37.7%. , J!t~ftt*fttiJi 0. § ~ ~J * ~ P9 ~ l~fjH~ ~Ji 8~7h~. (M!) 8~JttR~$~ji47 .4%. '. , tE:7}ITfH¥J!HxJ'f $: ~ o~. 1987~:Ut\t{:tH~~ff~!j~{lJ~~~. m~rnNf1972--1980f¥.!j.MB~;ru~[~~m~*pS)!*~1:. '. :±~lJfH2SI~rep)l=!JtHJ8~. .~&.~~'~~*.~~'~~Hm*g~.~,~p~M**'m~~~~p~ .£M.*~~~~~.gmoR~~~~'~.ftI~.m*~'~A~~m~~~. ~~.~'mmm~~*$~~m.*'~*wm ft ~~~~o. 1982--1990i391&WJ,. ,. -:1Jl1fiEl3litj[j:rtl~~~8~ ~~~. J5:1Jl1fimj(~±m:fi~MIfJ'. ~I~a'.~~M,m .A@Mm*~*~ ~ .'~~*~~~'I.~~'~~~ ~.~~m.tE ~ ~1:~~~~~~.~'-$~~.M~~.gI~*~.~*~~ oW~~P9~m~.~m~.~~~'~~@~~~~:1J~'~.~.l1fieJ5-~~. oWg~.~~~~.'ft •• ~8'~ ~ ~~~~~~~.ft°. 1987~jE iff 8'9 :7} ill! if ~ ft ,tR: ~ :ti:R 8~ J!t ~ ~ ~ ~'J1i ' 3E! ~ rep -:k: ill! rr1it ~ T :1* j§ ili: 1m + ~~~.T~,ft~.A.~~W5~.~~'.AR~5.~~o~f¥.!j~~.rr~~m. •• ,~~.rr.8~ • •. mS3~.~~o~®m~~~~~m~. •• ~.mA'OO. ~.*~.'u~@~.m~o~~,rep-:k:.rr~~j§~f¥.!j~~~m.~.~M.~'. Hrr*.~~*~'~.Mff¥ft~.~~'~m~~~M~~Hrrm~M~~~~M~. m1.'. 1987~i'ipil1Jf*{'F~~u~ I\E]~~ , rep-:k:~RrrwJJJ.#:f~rrij:.ffi~JUll ~~ 1 Tt~~. ~~J.1t~rr~:;;:B~3.4ffi. 0. *:m:B~~Mm~f*{'F,{tt~~g~mtJH~mt1utk. ~~B~R~{:tH~~mrrMVf~ff~~iJi*m*110 ~ji. 22.5 %. 0. .rr1iX~p.x::R*P1i~ ~~.lZ. '. '. 1982~~1&. 1985 ~fi 6 % tIt; ,. '. '. , S ri '. 1R:~P.X::R. 0. ~m~~2f:ffg~:ti~. jJf(*mt~U~~*8~}ll!{J. m*,~~~~~~m~~~'.3E!fi~gff~.~'lli~'~fflili:Im+~~~~~. ~~a.®~ffi*~~~M~o~~~.~~~~.~~ft~~WM'-f¥.!j~~,~~. ~M~.*rr~m'.~~~ft.~~~R.~~~M~~fi~o~~~~~ffl~1&' ~~M~~~$~~ •• ,~~~m.~.~~A~1&'~~~.~.~o~ID.~W. ~~.~~~ft'~.~.BOO1it'~M~~~~.,~~~~m~~.m8~~~~ ~,.~~.~~.~,~%m.mB.~~~~m~~~~W~~~.rrSo~®~ .~lit.fi.fi~~.n,ft.rrm.~M1iXo. ~~8~jf~.AT ;;: ~mm~*B~m.. '. ~~JI9:mil~B~1f~. 0. MpA~1:t1986~. , 2ft~W4.7 A-p , fJfjpWltBSi!tW.~- ~~~ *c1tfi~{i28* ' 1988~fjfj1it~3I ' § 1ltrBm~ 330 ~ EI ~~(@~1986~f¥.!jfi'H':J23~ ~ , ~IJ19904 2 R B~ 2 Tm~ E~~~~f1l.§~*ft~~B~ ~ {U~~JI9:1JHli!lJbZ(J!~=) , 1985~~~~~~fiMkii'~:R1Jif ' JI9:llmltii 636 ~~ , 1.Z~1986~ , ~~~*g.1ffi~*~~ B~47~pii1J0~U1990~~460~p. 0. 0. •. 0. !3 El:lt:jJ fi&lzI3t 80 ~ 10 JL. 24.. .....,.. ...

(15) ~'. ii 47.36%, {£L~fJH~~81'l$~~.R1r 26.7% TIJ~ 'i,f/',f }fyUij~~jhf~~U::r-~tt, 11[$IJ 1987~7 JJ&' =OO*JJq:t, iN:~t~!Jb1J:7t-791.5 % , ~J7j7 f.lq:t7'~~~~BU/}~all:' ~~ n~{jUfB.1aB"l JJ ilBIUfQ, &,Mj~1~VfEA :Wlm:;l(IUiJ!\l; 1987~B"J ~~~~ (lli!:$}ii ' :F.HU-1j'::B~) 3.94{tf ' ~$'; ~iHIX:f.& ~tr -~B"l2 . 26(-tf ' imP ~#{g:iif 1988~ m{#~*cfffi F7f:1all:~TI: ' lliZ m~£ itt~;/JoWi* ' lliim m~~fI}~~ffrB9~Ch~ §lft?ti 1987 ~10JJ ~ 1988 ~ 9 JJ !f,f~ 0. 0. 0. 0. 0. =*~ . ' &~~~~~~M.~.*re~ ' ~mre?ti1r~~~M~~~~~~oq:t~ ~~ff@:$1j1989~. 4 J~ zfii:jJ::rWf~~(jt~ ilEt1/JlrT* ill:Jtn~m~~jQf~B"l~~~lEtE if!;ff ' -~P"Ji7f:l p9iR±('f;/Jo270~ , fr!i*~rmpj,,~s"l66 % , ~m~~~~ (fl[ ~25~~l;U:, ' 0. 19901f,2 f.J B"ll&mt~~W.1~ 12,600 .~.~ , Iffltlfii: ' ~~~~~~iil:~tJ£i+MJJ i3"Jflux::fft ~ W:! ~l[!HHi:7~i51tB"li:fM!~U@ , Dxm- IFI:; ~ , ~{#m~~J!\l;Mi[9~B"l~~' ::t~~~tlrfH~ 0. ~=. ~m#H~~ MI s ' .l&1I~.g.I!iJk. ' Mt$ J'l1iX:3CM! ' .1&$ J'l1iX:3C:lJI~iI. 1 30C8" ~. 11. O~?) .1i fi! 1~. 9000. j.. 467 3 A. '. I, ll. - I. ~\ v. i. j. :!Ooo JOOO. i:CO. ~f(ffttfPtlt _'"'. I. ". 1 r". -v. i. .V.....II'",. I'. J. 400. !.-,~. ~!,_". ~. I. I. j. '". '". Vi:r !'J. i. /\. I j,l' ,(;'". 145. :.: :.:. ,eo,:. ~V\j' .. 76~r. 75{f. ~ f55ir. +_. '"'". m­..•.-'. ·. 4-. 4,0. 40. :3.5. 35. 30. 30. ). '7 )- ')~ '. \:. l.5 1.0. .:'. ': ':' ".:. 1/. ': L::;~:~=.~::..::-:.::.:::::::::~:~.~~~->~~~~",=~, .,'",,",' H~f-. ~Is. !i1i'. 1~: V~ :": ~.O. ~ :@:. 77~. 78~~. ,,~ m. r-.. & _.. ( .r·:·. . :'\. : \ ;~ ". r-.. -I. .R rt<; ~ {if!. I 23'I!. ." .. ......../ .. 73::v.. \ ,. r!. ,. .. ~v-l. 1. r­~. fill 65:G_f/1. 60 + ~ - M1B {fi -LOOO ').5 I JW" I '-"L #< 5.0 -,r, 50 ~ il>!;. r. 6 .0 _. I~. rJ lit. J. 489jf Vol". I. V. .../. 1,/. I I, ,'". ",/,N. 1"1 '. r:~6 ,J. "'. '. , •.,'. 600. ]. M. <6-. 6,). ! ~I. "\. 40GnJ. JCZ 1· 1\ f 7 .0 ~ 7o 5?r. I - 3£:. ;1 t1 II. ~~. "-_. 1. 4,\. 8/89. ~{£U~f(. 7000 ·1. --'O'~J. 1077 J. _. 1-~. 5000. ~i.SRr 75 ~r2S00j{. 12495. I0 ,5. 1 ' •. r tr .. ~,.::. Wf. 1500 ~. 1000. _ J. .. 20. ·. 5 1 10. f­ I1-)00. To. [5. 79 ~F. :F.&f&!I!ffrB"l~iM;nH~' 1989~~ni3"JilHT?i ' -jJ[[j~:ft~U$fit#BjEt§. £Eft' £Em. .B9~W~ ~ *~~~~1rB9* . o-jJ[[jft~~.mffB9~TI: '~all:~Hm.~~~ fm$~;/JOA. 0. tE~ff?iq:tj;Jl~!fl-mt:*#f~~rwiJt17~T>~ijj~. ~ ~ T>~t~:U@159b. 0. [qIMj ,. 5% ;. JifEJ-fUl~A#f~. f*~1~~f~~iN:ff § 1r1@:*~~JI.~~P.tiJt*:f.&. 8 %B"l~*@. ~m~,~*mff~D g .g~*~ ,~ ~~~-Jt~~rwi~.* 'U .~Sfi • • f,*Xq:t~ij7U~ff.~~{t~. !3 EI3 cf:!. ~. Z. I~. 80 ~. Ion. ,. :w~M'\¥["~. ,. ~~B9~W.fp~~. 0. o. @~tE/}~:Mz~.~ff~TI:. 25.

(16) ·. ~*.~A •• ~~'X~~~.~.~#.ff~ •• ff~5'U~~~T~.~ ~ o~~a.~Mm. •• E~~~~~~~~~. 3f.ff*~~mtJJ~i15T. 0. ' .ff~~~m~ 'm~E ~~~m~. 1990~ MJ&{f~~{;ftiTm ~U~ff~1z:f~ ~. , ~m~~1if{f&1z:t~. ¥ '~m ~M1if{~1z:~~.ff~~.*gS-~m~~~ ' fiB~A · .~ · ~.A · ~~Ali9.1~i~{*. '. ~fij,$g~~1z:8j~FfjJ.:rtmtJ*HlBJ51H;ri1. 0. {flJf:1:E~ffip.E1 El:j{UilQ~~~. ,. ~.~~M%~~~'~~T~~~~'~~~~~.~~o ~~~~M~'~UD.~~MJ&m±~~~~~~.m~~~~.·~~#~~ ~.~~T'~~~~*m~~a~~~,w~~.~~~~o~~~.$*.~~' tE1986~1FJ.1987~~~iE38.. 5% tc:t: ' rm ?ftt-JtViEilll~ 1t t\E 1981~ i¥-:J3 . 93 ~~ 1989~B'91.87. 'm~~. 1t . ~~~ ' fi~.~~ ~ ~~ . ~ '~ ~~~~&~~~~Wa~ ' m~ mli9IA'm~iE~.*g.~T,~~.a~~~,a~~~.B'9H& 19UB~m~. 0. -r£ 1985~ jU 1989~. , ~ 287 ~!jo/.;db891ff]t-'t~5E~ , 11,402~4?odbrH.J {ft~t~VSX. 5E'. ~~~~m{ft~-'o'£26.1%~~9.65%. i'~'. I'§']~, 1985 4-r,~~i1' **B~7!-(@ ' :L~t!£:;t. 0. 5i522t~~ 5t. •• ~~DT. ' S1981~i¥-:J2.8fg:. 0. 0. .R~)-'~~@,dbE8;tD ~i~Ufr!DW( # ' ~~E l&. D*~ii~ffi: '. +~* f01lli9~Ji~{i~. ~ 1989 ~ilt Dli9*~(@:E. 3.3%tc:t: '. {fl.~-t&j1t. D. !jo/.;dbli9••T~,rmI~·~m·~~.U&~m.(@~~*m~ffi:o* e ®~,~~ ~ffi:~4?o.~m~~E~ ~'m~ ~~H~~M~ '~ ~*mx®~~m.*li9AAmo 1W04- ~1z:~~~ E8~.* m.~ ' fi~.7!-mM~~am&~. '~ .~~ ••• ~ ~.~'~~~~mM,m.~~WBOO'U*~~mo. ~~~'~~M.~~a~~~e~*o~~MM~~~g*~~*a*.~~. e~m'®~ . ~~Mm.'m.~~'~~~~~*~.'Em~~T~E.~B'9~. MtrSNJJ '. ~'~~Ii1'l'i~t~5.&. '. 1Ja~Wl~{t. '. tJ~-JtU~ tt5Iii~&A~-m:~*.~. , W~fi. -ftunr tJttt71-a I!NlB~~7li1mt$j , ~~~~mtJjB~- tl:r)% 1991~~~ &~ff~ ~*~~n~H W ~ , M':f±jtE ~ ~tijX;1z:Q~'H~&A~~!R~liA~vHltU ' ~tJR~MHfE8?'}ii ~~1Ij!,. 0. 0. #ES~. 'U~M~&A~ ~ § . ' R*~~.~E8;t -*~~m7!- o.ft~ ,~~~. •• ~m.ft~~m~B.~~~~ ' .~E8~ •• ~ ~ ~iE. ffn *~E8m. ~-r£$~&o~~ ' ~M •••• • ~ ~ .~~~®~~~~E8~~~ ~~~'M.~~~m.~li9@~.*®B •• ~o~®~~~M~U~ • • ~~'~ .~M m.f±jm,w w. ~.~~8ffm.~~~a#~o~~~~~~~~~~.wttB~m.*~'~w~. M~~ • • ~*M~~li9m.~~'N~~Me~~m.B~ •• '~*~*'~ .~. JfE*&/j' ,. 26. ~:IiZ~~1Ja*. '. jt~db~ilIYil!fJil&Ht®*Am~. 0. §l ~ tj:J ~. Z I. *. 80 &f lOA.

(17) 1"". ~J.-. -$f:..­ "iIfl. ""0. fUJ ~ 1m +% 31Hi ~ ~lJ9 ~ ~i ~:O< ' TIT t)JJ;1;~ tE rT~ {j' J;JU!i~ 8'911Z: r.l1liEj: ~ 8'9 HUb Z. *. r ' jj t4. ' frfL;Q I±l ~ ~~ 0 1m +4- 3fc ~l~ Lf' j;~ ~ tt 1'{ I2Xl t~';titl!£ pf 8~ $: J¥;m 8.7% ' J~ ~ ~~1ifHl']ZfSjt:Jif-'-:tt¥ ~t~ j% j¥22 .496 ' ~H!o (l8~~5~Q.~ , mft~t:~ t:J ~f~fr;¥jt§ , jW 1t~¥iJ~ 1;,( ill ~ (01 §u. m&tBJ.;:q:.!~F4\~ W10:6 tJJ: ' 1'1l:1! &:;$: J:. ' .\It * .1'# gX;trH2LI:7Hl~ ~tl~ Jit~1Jft ' 19744­. ~-?l~:&i[jfE~YTJ. 1979 4-iW8'9~=:k:&¥f8frttfl '~fji)J(i<'~!l\ft~~!ilf ' ~p 1974 %~~. 47.47% ' 1980{f-2JJ'~19.01% ' {i!t~;m-ll¥i1:80J:~R. 6.6%tcti. 0. ~OO lm+{p. ,. ~!ofJFfi~%ti~{E. 0. ~ ~j[j:F(J l:H~ }*~G'9 ~Jjillf ~1<JlljW r{f~ hX; ff(. ~p(iiJ~~ ~N:r?!Jl1HI'9t@5E. ,. ? ftYi!ijfYCJlU;{f;g ~. .$~~~m~M~~~m~~~~~~~~~~(~~~)o~ ~ ~,tt~TIJ~OO.~ ~ 1±l1980:q:. ~ rlij ,£II li.Pfs8~!U ~~ J5frm vlE~ ~~ 8'0 ~ ~ ,. ~=. ~+~*~.~.~*. ••. *. ff.'':i Jg *fH# -00 I~Ji~:t~tZE 89 3£ ~. M~m~~~~.~. IS. Pi' 1:;' W.. 9-q ,. 14. 13. ~ D!. ;ili. p.. ,R,. J([. 9',. II. 1'.,. r:.. :'. "-r.. ~.t ~O ~. 1>. 8 ~. Qt~. •. p'. 40 .:~. f.'~ 1~/. .q. S. , b. P. I.;...... H:. ' CS=.(.•.•;;, ..... ", :. 30. -. 'J "o. -L,. II! I LI..I::::r:. 25. pd. ~. 9. 4. ~. 3. ~Q. .. o-d"1'~ ;~. . )". ,. .Q. ''0'. 2. 20. 15. •. ''CI D. -'--'--'--'-~,... -,-'..J. L-L.....;...!.. 51. ~;;. 35. \Q.E­' ,rf Yo. :~ o. ~:. c;r .d. I. .,. ,6. ~. 7. 0. 55. 60. G2. 65. 70. 72. -; 5. 80. 81. 85. 89. 10. iF. :&~1980~Z1& 'fi11§~8tE30%tJJ:' mh\iil¥.j ai¥~Jj~38.596' . $l~il¥.j8J~TIJ~~f1~* o. ~~B'9. ::f37. 0. tE1980~z1& ' ~f!:l}mt:3i~1lEl33.93ffi' ' ~~1.87{:g , ij{~Ul loJrllii~8'9~ra'. '. ~li:t. '. tE1980~tJ1& ' m 5E¥iJM:t~tiJUilli~~~. ~f'\;i&Jffpfri*m8'-JjjA:tm-f. ,. R1fi*I&::f~tl~8'9~~. 0. 1980. :. l~~~t:J,~~Hm,~mm~t:J~*.~,~t:J~~OO~jjA*~m~~~~. E3 EE t:p. ~. Z. I. *. 80 ~ 10 .F.l. 27.

(18) -. 1l%8~¥¥!ilJ. 0. 200~~~T~ ' ft~~~~ffl'U . ~~*. ff* ~ ~E~~ ' W~Hff~ ~ ' ~H~ ~~1=. m JJ. 0. l~m ~ ~*M ' -~OO.~WP ' -~@ 4.~fflgmr.!! ~ tr:p~~fIHg ~ [EiJ ~ ,. • • ~D. ' .mWm* ~ ~ m JJo. , fU m~l}fHn~fifF ' * if l±l~lB5I1fli ~. tJ. j,' lc\; FI'l9 ffl gl)] ~ ~. , 5E;M~4L ' ®.J&JI. 0. ~®a.~ ~ . ' ~*~ l%O~~~ ~A ~M.~~m~ ~o ~~~~~~ ~~ ~. ~Mm.~*~H~~~ft~* ' ~ - H~~~lB5I*~~ ' ~~~~~ ~ 5~'-~. ~~~MA ' ~W~~.$@~ ' m~~~m.~~.~o~~~~ ' W~~ ~ ® l %O. ~~~. •• ~m~ , ft~~~+~* , ~~~m ' ~~~~m . ' ~M~M.a.ft~. ~.q ' ~~W~®.~.o~~~~~ , ~~~pT~ ' ~~~~~.~m , ~p~. .a.T ' fi~~~~ , m. ' ~.U&ft.~*.~~~~ ~ ~o.a~~~~~~ ~I~~*. ' j'i1:iJilim: ' 11£Jt<J:£tS~~~MmF5PD(iiJ* ~ *1=.~ , :tt:kfF!~l£'@:*~~J& urf. ~.~ ' -®~I~~~ ' ~ .~~ ' -@~~~~~~.* ' ~#@~~£o.M ~ .a.~~m*~~M~~ ' OO~~Wo. ~~~~T~,ft~~~~~*~Um~ffl~ ' ~mW~~~~~MM~H~1=.fi. tfHl'gOO fi. ' {Ei'M! § ~ 1t.~~~~DIl 'Ek: ~fI;-j , 1li:~3:.TmHaJ~J12~!li8Jg±rEm ' ~~{E~ m.§~~ , m.~m.~~H. ' ®~W~.A~~JJ ' ~B~ •• ~~ •• ff*fi 0. . , ± •••• ~~~~~*T~{ERJ&.. , ~~~l£o. •• *~ ' m~~~~.M.~ •• ~ ~. ' a~*& ' .~~~u~m~~.~~JJo.m~.ft.~~OO •• ~ , ®~* * ~*~~~m~gJJm.~.~*~* '. .ff~a.~.m. ' Hff* . mM.~ ' R~~.MaM~~~~*~R~T-m~ o~~ ' a*~~a~*m~~~~.m~m~~~r~~~*J , ~~ l %O~~{E.. ~~~~ft~aM~~~il:~mJi5~~T ' ®ll~11f*1tftt1Jo ' .:.... @~ti~'~ 1 989~ 4 0. A ~ ~.~~~~~~~.*m.~~~~~ •• ' ~~a~~~.l±lm+mA®.~ ~. , ~~~~~~m~~. 5. 2~6. 0. E~.5I:i:8J:J~~ltf.x:. Fp'Jm ' *P~tJ~{J*;M8~aJf1~fl*M~. ,. ' ~~-m31h~JIj !fljtRsJgl±l p /IIft~. §1liTE.1f 15~~~ ~ tJ~8'gu-~~m~ :.5'U~ 0. It . , a~.~*~&~.*m~m. ' x*~~ •• ~~M~m. ' U~~~.~JJ. ,. ~a~. •• IA ' ~~~~1=.~~~.Oo. ,. ~®§- ~ , ~ ~fil!~~:ffbl@~~ , IJ ' {J'8~~rmT~mJ{ijm* ' fU m~~~~f!,glH5c.. ~-€r~~~~.~. fUm {EiM.m~Ii!~Re*. ' ;m~~~5 1 5t~ , '1fIT ,* 8':J~:ftti:.~. ft~ ± .~. ' .~1=.~~m'~~~. ' .~~~m~om~ l %o~~.,aJf1AA 28. §l. EB cP. ~. Z. I. *. 80 ~ 10 )3.

(19) I··. ...­. ~.,~ eft~ ft.~~~.q'~ .~~A -m~~~~~~'~~~~a.o~~. $ • • ~~~.~~,~~.*~m.~~ ~~7&m.~~~.o~Wm~~~H~ '~W~~~~I~m.~ ~ '~~~~~~ ¥.*'~W~*~~~~~~~.'~~ ~ ~~ . ~ ~ ~ ~~~,-@~~m~~~~o. ~. ~. ~. *4. 1. Shirley Kuo, "The Taiwan Economy in Transition", Westview Press, 1983. the~Early. 2. John Fei & Ki-li Chiang, "Inflation in the ROC in. Postwar. Years", Conference on Inflation In East Asian Countries, May, 1983, Chung-Hua Institution for Economic Research. 3. S. C. Tsiang,. "The Monetary Policy of Taiwan", Economic Paper 50,. Chung-Hua Institute for Economic Research. 4. Kuo-Shu Liang & Ching-ing Hou Liang, "The Industrial Policy of Taiwan,". in Industrial Policies for Pacific Economic Growth, Allen t & Un win, 1986.. 5. CEPD, Taiwan Statistical Data Book 1990. 6. The Central Bank, Financial Statistics Monthly, various issue.. 7. Bt ~ t* '. ~~~. ,. t~~~. ,. ~JJ i1~. ,. ~J1Uljl~. ,. ~ ~ ~~OOj#lJzliff~. -t-t~~~f:l0. 8. I:j:IlIHte~liJfrcB'C ' ~~. l~I *.!ll!-'~b~Dffi~J~~.'X~'f{~lk.~~~~. EI EI3 rf1 ~ Z I. *. 80 ~ 10 J3. 0. ,. 1:j:11iH~~~1iW9E~' ~~.

(20) if. 151 1952. 1953. 1954. 1955. 1956. 1957. 1958. 1959. 1960. 1961. 1962. 1963. 1964. 1965. 1966. 1967. 1968. 1969. 1970. 1971. 1972. 1973. 1974. 1975. 1976. 1977. 1978. 1979. 1980. 1981. 1982. 1983. 1984. 1985. 1986. 1987. 1988. 1989. 30. I·Ml. *I. M ~ 1M if. I M2 I itt -Ji~96 70 . 1 ,43~ 1,755 2,245 2,733 3,414 4,112 5,650 6,251 6,757 7,699 8,086 10,355 13,979 16,194 18,170 23,637 26,360 30,472 35,042 45,75£ 61,357 92,268 101,922 131,227 164,103 219,188 300,213 323,417 396,862 451,560 517,480 612,902 669,619 751,469 1,137,863 1,568,225 1,950,473 2,068,759. I. 2,063. 22.47 2,577 27.92 3,315 21.74 4,023 24.92 4,831 20.4~ 6,042 37.40 8,851 10.64 10,597 8.09 12,462 13.94 16,71EI 8.70 19,041 26.50 24,843 30.00 32,341 13.90 37,350 15.3C 44,572 27.90 54,875 13.20 61,706 14.30 75,068 13.60 92,588 27.20 119,331 33.50 158,112 45.40 205,157 11.80 255,984 24.70 327,711 21.90 413,039 34.40 545,213 35.30 714,131 10.20 782,285 19.10 953,613 13.80 1,131,401 16.40 1,406,189 17.60 1,777,608 9.40 2,134,220 11.90 2,633,142 47.40 3,298,862 37.70 4,175,021 25.10 4,920,804 6.40 5,67l,941. Ci/. I. G D P BH~Pt 1~~~gFf~ ~ :tf. G D P :'.f:ift. 9'> '*' 0, '0/ 1~ih~m:i b/ ,1/ C?0 rgfl!{ t~ ~. " . 70 ~ ±i&¥ ;;-C ,. I. 17,251 24.92 22,955 33.06. 25,204 9.80 28.64 18.95 21.36 29,981 14.77 34,410 20.08 25.07 40,173 16.75 46.49 44,966 11.93 19.73 51,833 15.27 17.60 62,507 20.59 34.15 70,043 12.03 13.90 77,159 10.16 30.50 87,252 13.08 30.20 101,966 16.86 15.50 112,627 10.46 19.30 126,022 11.89 23.10 145,817 15.71 12.50 169,904 16.52 21.70 196,845 15.86 23.30 226,805 15.22 28.90 263,676 16.26 32.50 316,172 19.91 29.80 410,405 29.80 24.80 549,577 33.91 7.29 28.00 589,651 20.02 26.00 707,710 32.00 828,995 17.14 30.40 991,602 19.61 11.70 1,195,838 20.60 20.6011,491 ,059 24.69 18.90,1,773,931 18.97 7.11 24.501,899,971 25. 70 12 ,100,005 10.53. 20.102,343,078 11.57 5.58 22. 40!2, 473,786 24. 80 12 ,855,180 15.42 26.003,222,993 12.88 8.50 18.803,496,951 14.30 3,870,749 10.69. l€. 12.04 13.08. 11.23 10.97 10.08 9.77 7.96 8.29 9.25 9.10 9.54 8.43 7.29 6.95 6.94 6.17 6.45 6.46 6.47 5.76 5.15 4.45 5.39 4.49 4.31 3.78 3.30 3.70 3.76 3.93 3.67 3.43 3.50 3.29 2.51 2.06 1.79 1.87 . EI3 ~ ~ Z. 15.30. 14.45. 13.38 14.56 13.32 13.77 15.25 15.61 17.77. 18.79. 1.67. 9.91. 10.51. 7.53. 1.27. 10.57. 18.44. 7.83 15.19 2.34. 19.08 2.24. 20.28 - 0.20. 20.721 - 0.08. 1.99. 22.18 3.35. 23.06 7.92. 22.41 5.04. 23.84 3.58. 25.58 2.83. 28.84 3.01. 32.12 34.37 8.17 31.50 47.47 5.24 26.72 2.50 32.34 7.04 32.58 34.39 5.77 9.75 33.38, 32.28 19.01 31.34 16.34 2.96 30.07 1.35 32.13 33.80 -0.02 33.57 -0.17 38.46, 0.70 0.5?. 38.46 34.45! 1.28 4.41. 31.30. 18.4°1. I. 1. I. *. 80 1f 10 }3.

(21)

參考文獻

相關文件

Article 40 and Article 41 of “the Regulation on Permission and Administration of the Employment of Foreign Workers” required that employers shall assign supervisors and

‘What Works and for Whom: A Review of OECD Countries’ Experiences with Active Labour Market Policies’, Swedish Economic Policy Review, 8(2): 9-56. ‘Do Wage Subsidies

國際貨幣基金(International Monetary Fund,IMF)於2022年1月25日公布「世界 經濟展望更新報告(World Economic Outlook

“Water control and useful knowledge: river management and the evolution of knowledge in China, Northern Italy and the Netherlands.” Paper presented at the Global Economic

Paper presented at an invitational conference sponsored by the National Educational Research Policy and Priorities Board, the Office of Educational Research and Improvement, and

中國的宏觀經濟 中國政府對經濟 的規劃與調控

– Successful monetary policy, then, requires that inflation expectations be kept under control... Central

In this paper, the study area economic-base analysis and Location Quotient method of conducting description, followed by division of Changhua County, Nantou County,