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 journalJournal articlepeer-review

    14 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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