Impact of CEPA on the labor market of Hong Kong

Research output: Journal Publications and Reviews (RGC: 21, 22, 62)21_Publication in refereed journal

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Author(s)

  • Steve CHING
  • Cheng HSIAO
  • Shui Ki WAN

Detail(s)

Original languageEnglish
Pages (from-to)975-981
Number of pages7
Journal / PublicationChina Economic Review
Volume23
Issue number4
Online published8 May 2012
Publication statusPublished - Dec 2012

Abstract

A panel data method is used to evaluate the impact of the Closer Economic Partnership Agreement (CEPA) signed between Mainland China and Hong Kong. Using the time series data of Hong Kong, Austria, Denmark, Finland, France, Germany, Italy, Japan, Korea, Netherlands, Norway, Singapore, Taiwan, U.K., and U.S. to construct what would have happened to Hong Kong's unemployment rate had there been no CEPA, we find that the CEPA effects gradually increases over time and eventually reached a constant level of reducing Hong Kong's unemployment rate by 9% a year.

Research Area(s)

  • Panel data, Counterfactual analysis, Hong Kong labor market, Unemployment

Bibliographic Note

Research Unit(s) information for this publication is provided by the author(s) concerned.

Citation Format(s)

Impact of CEPA on the labor market of Hong Kong. / CHING, Steve; HSIAO, Cheng; WAN, Shui Ki.

In: China Economic Review, Vol. 23, No. 4, 12.2012, p. 975-981.

Research output: Journal Publications and Reviews (RGC: 21, 22, 62)21_Publication in refereed journal