TY - JOUR
T1 - Impact of CEPA on the labor market of Hong Kong
AU - Ching, Steve
AU - Hsiao, Cheng
AU - Wan, Shui Ki
N1 - Funding Information:
We would like to thank Carol Luo of the City University of Hong Kong for assistance in obtaining data. Cheng Hsiao's work is partially supported by NSF of China grant # 71131008 . Shui Ki Wan's work is partially supported by the Hong Kong RGC grant # HKBU Project Code 248311 .
PY - 2012/12
Y1 - 2012/12
N2 - 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.
AB - 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.
KW - Counterfactual analysis
KW - Hong Kong labor market
KW - Panel data
KW - Unemployment
UR - http://www.scopus.com/inward/record.url?scp=84867643421&partnerID=8YFLogxK
U2 - 10.1016/j.chieco.2012.04.017
DO - 10.1016/j.chieco.2012.04.017
M3 - Journal article
AN - SCOPUS:84867643421
SN - 1043-951X
VL - 23
SP - 975
EP - 981
JO - China Economic Review
JF - China Economic Review
IS - 4
ER -
