[1] Nanjing Audit Univ, Joint Res Inst, Nanjing, Peoples R China
[2] Lehigh Univ, Dept Econ, Bethlehem, PA USA
[3] Natl Chengchi Univ, Dept Publ Finance, Taipei, Taiwan
[4] Taiwan Study Ctr, Taipei, Taiwan
[5] Taiwan Natl Univ, Dept Econ, Natl Taiwan, Taipei, Taiwan