Is Hong Kong still an entrepôt under the Sino-U.S. trade war?

Terence Tai Leung Chong and Vincent Pok Ho Lo

MPRA Paper from University Library of Munich, Germany

Abstract: This paper studies the Hong Kong economy from a trade intermediary’s perspective. Using a structural vector autoregression (SVAR) framework, we discover that trade-related external shocks mainly affect the economy through re-exports channel over the offshore trade channel. We observe that re-exports shock does not transmit to the real economy through employment channel. A puzzling phenomenon is that trade-related employment has been in decline since 2008. Moreover, we notice that although the Sino-U.S. trade war exerted much downward pressure on economic growth between 2018 and 2019, the trade intermediary sector swiftly recovered in 2020, reflecting the versatility of the external trade sector in Hong Kong.

Keywords: Hong Kong; Entrepôt; Re-Export; Sino-U.S. Trade War. (search for similar items in EconPapers)
JEL-codes: F13 F14 F16 (search for similar items in EconPapers)
Date: 2024-12-20
New Economics Papers: this item is included in nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/120642/1/MPRA_paper_120642.pdf original version (application/pdf)

Related works:
Journal Article: Is Hong Kong still an entrepôt under the Sino‐U.S. trade war? (2024)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:120642

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().