If There is a Space, Just Use It
–International Comparison of
Taiwan's Fiscal Space
University of Colorado, Boulder
Frank S.T. Hsiao*
Part I.
International Comparisons of Taiwan's Government
Deficit and Public Debt
Part II.
International Comparisons of Taiwan's Fiscal
Space and Government Credibility
Appendix A Comparison of Original and Revised CIA 2015
Government Budget Estimates
Appendix B Historical data on Taiwan's Government Deficit and
Public Debt
Appendix C Numeric Conversion of Country Credit Ratings
* Frank S.T. Hsiao is Professor Emeritus of Economics, University of Colorado, Boulder, Colorado, USA. The
author has benefited from discussions with the Economic Study Group of the North America Taiwanese
Professor's Association, and also from Professors Peter Chow and Henry Wan, Jr. As usual, all errors of
omissions and commissions are the author's. His recent publications include
Economic Development of
Taiwan–Early Experiences and the Pacific Trade Triangle
(with Mei-Chu Wang Hsiao), World Scientific,
2015.
