Impact of CEPA on the labor market of Hong Kong

Steve Ching; Cheng Hsiao; Shui Ki Wan

doi:10.1016/j.chieco.2012.04.017

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 journal › Journal article › peer-review

18 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 language	English
Pages (from-to)	975-981
Number of pages	7
Journal	China Economic Review
Volume	23
Issue number	4
DOIs	https://doi.org/10.1016/j.chieco.2012.04.017
Publication status	Published - Dec 2012

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

User-Defined Keywords

Counterfactual analysis
Hong Kong labor market
Panel data
Unemployment

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10.1016/j.chieco.2012.04.017

Cite this

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title = "Impact of CEPA on the labor market of Hong Kong",

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.",

keywords = "Counterfactual analysis, Hong Kong labor market, Panel data, Unemployment",

author = "Steve Ching and Cheng Hsiao and Wan, \{Shui Ki\}",

note = "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 . ",

year = "2012",

month = dec,

doi = "10.1016/j.chieco.2012.04.017",

language = "English",

volume = "23",

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journal = "China Economic Review",

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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 - https://www.scopus.com/pages/publications/84867643421

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 -

Impact of CEPA on the labor market of Hong Kong

Abstract

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