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
|Number of pages||7|
|Journal / Publication||China Economic Review|
|Online published||8 May 2012|
|Publication status||Published - Dec 2012|
|Link to Scopus||https://www.scopus.com/record/display.uri?eid=2-s2.0-84867643421&origin=recordpage|
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.
- Panel data, Counterfactual analysis, Hong Kong labor market, Unemployment
Research Unit(s) information for this publication is provided by the author(s) concerned.