Impact of CEPA on the labor market of Hong Kong

Steve Ching, Cheng Hsiao and Shui Ki Wan

China Economic Review, 2012, vol. 23, issue 4, 975-981

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: Panel data; Counterfactual analysis; Hong Kong labor market; Unemployment (search for similar items in EconPapers)
JEL-codes: C01 C18 C23 C51 C54 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:chieco:v:23:y:2012:i:4:p:975-981

DOI: 10.1016/j.chieco.2012.04.017

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