Does the state of the economy matter when explaining presidential approval ratings in Taiwan?

Written by Eric Chen-hua Yu. Empirical studies on presidential approval ratings in the US and other OECD countries have long concluded that the state of the economy is an important factor explaining the rise and fall of presidential approval ratings. Specifically, when economic conditions are good, the sentiment toward the president will be positive. In light of this correlation, does the presidential approval rating in Taiwan follow such a pattern?