Unemployment and vacancy in the Hong Kong labour market

Research output: Journal Publications and ReviewsRGC 21 - Publication in refereed journalpeer-review

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Author(s)

Detail(s)

Original languageEnglish
Pages (from-to)221-229
Journal / PublicationApplied Economics Letters
Volume9
Issue number4
Publication statusPublished - 2002
Externally publishedYes

Abstract

This paper combines unemployment and vacancy data to analyse the efficiency of the Hong Kong labour market for the period 1976 to 1997. It is confirmed that the negative relationship between unemployment and vacancy, commonly known as the Beveridge curve, applies to the Hong Kong labour market. There was an inward shift of the Beveridge curve around 1982, which implies falling match frictions since then. Systematic evidence is also found that Hong Kong has been close to full employment, for on average, around 80% of unemployment in the period was due to structural and frictional unemployment with only 20% attributable to cyclical unemployment.

Citation Format(s)

Unemployment and vacancy in the Hong Kong labour market. / Tse, Chung Yi; Leung, Charles Ka Yui; Chan, Weslie Yuk Fai.
In: Applied Economics Letters, Vol. 9, No. 4, 2002, p. 221-229.

Research output: Journal Publications and ReviewsRGC 21 - Publication in refereed journalpeer-review