Impact of CEPA on the labor market of Hong Kong

Steve Ching, Cheng Hsiao, Shui Ki WAN*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

9 Citations (Scopus)

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.

Original languageEnglish
Pages (from-to)975-981
Number of pages7
JournalChina Economic Review
Volume23
Issue number4
DOIs
Publication statusPublished - Dec 2012

Scopus Subject Areas

  • Finance
  • Economics and Econometrics

User-Defined Keywords

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

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