The Institute of Economics was officially established on February 1, 1970.
In the early years, the Institute focused its research on domestic issues. Bringing both domestic and international economists together, we undertook a series of research projects based upon economic development in Taiwan, such as "On Current Prices, The Directions and Strategies of Taiwan's Economic Development, Human Resources, Econometric Modeling of the Taiwanese Economy, Income Distribution, The Development of Taiwan's Financial Sector", and so forth. In addition to empirical studies, recently we have also placed emphasis on theoretical research. Moreover, in order to obtain a global perspective and promote interactions with international scholars, we have been organizing international conferences, and sponsoring joint research and exchange programs.
In the past two decades, we have made great progress in raising our research profile. In the future, while continuing our focus on academic research, we will strengthen ourselves on public policy research. To achieve this, we will combine our expertise in economic theory and empirical methodology with our knowledge in public policies in conducting policy analysis. Our public policy research outputs are to keep the government informed in its long-term planning and policy making. In addition, while pursuing publication in international top journals, we also plan to engage in research that is relevant to Taiwan’s society.