Document Type

Journal Article

Department/Unit

Department of Economics

Title

Impact of CEPA on the labor market of Hong Kong

Language

English

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. © 2012.

Keywords

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

Publication Date

2012

Source Publication Title

Chia Economic Review

Volume

23

Issue

4

Start Page

975

End Page

981

Publisher

Elsevier

DOI

10.1016/j.chieco.2012.04.017

ISSN (print)

1043951X

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