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
Link to Publisher's Edition
http://dx.doi.org/10.1016/j.chieco.2012.04.017
ISSN (print)
1043951X
APA Citation
Ching, S., Hsiao, C., & Wan, S. (2012). Impact of CEPA on the labor market of Hong Kong. Chia Economic Review, 23 (4), 975-981. https://doi.org/10.1016/j.chieco.2012.04.017