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Effects of US inflation on Hong Kong and Singapore

Cheung, Yin-Wong; Yuen, Jude - 2002

this paper, we examine how inflation rates in two small open economies, namely Hong Kong and Singapore, interact with those … model is used to study the inflation dynamics. It is found that Hong Kong and Singapore inflation rates, but not the U ….S. one, respond to the error correction term. Compared with Singapore, the Hong Kong inflation rate is more responsive to U …

Persistent link: https://www.econbiz.de/10011409761

Hong Kong output dynamics : an empirical analysis

Cheung, Yin-Wong - 2001

Advanced statistical techniques are used to analyze Hong Kong output dynamics. Hong Kong, Japan and the U.S. are found to share some common long-term and short-term cyclical variations. While the Hong Kong economy is susceptible to external shocks and Granger-caused by the other two economies,...

Persistent link: https://www.econbiz.de/10011398863

The suitability of a Greater China currency union

Cheung, Yin-Wong; Yuen, Jude - 2004

The study assesses the level of integration among the three Greater China economies (namely China, Hong Kong, and Taiwan) and examines the suitability of a Greater China currency union. Currently, the three economies have extensive trade and investment linkages. Our analyses show that these...

Persistent link: https://www.econbiz.de/10011401335

Immigration and the distribution of incomes

Blau, Francine D.; Kahn, Lawrence M. - 2013

Immigration may impact income distribution both by affecting the skill composition of a country's residents, and, by changing relative factor supplies, its relative factor prices. We provide some background evidence on compositional factors but focus primarily on factor prices. We first consider...

Persistent link: https://www.econbiz.de/10010227178

China, Hong Kong, and Taiwan : a quantitative assessment of real and financial integration

Cheung, Yin-Wong; Chinn, Menzie David; Fujii, Eiji - 2003

The status of real and financial integration of China, Hong Kong, and Taiwan is investigated using monthly data on one-month interbank rates, exchange rates, and prices. Specifically, the degree of integration is assessed based on the empirical validity of real interest parity, uncovered...

Persistent link: https://www.econbiz.de/10011514149

Why are pollution damages lower in developed countries? : insights from high-income, high-particulate matter Hong Kong

Colmer, Jonathan; Lin, Dajun; Liu, Siying; Shimshack, Jay P. - 2021

Conventional wisdom suggests that marginal damages from particulate matter pollution are high in less-developed countries because they are highly polluted. Using administrative data on the universe of births and deaths, we explore birthweight and mortality effects of gestational particulate...

Persistent link: https://www.econbiz.de/10012599044

Pandemics and economic growth : evidence from the 1968 H3N2 influenza

Jinjarak, Yothin; Noy, Ilan; Ta, Quy - 2020

We evaluate the 1968 H3N2 Flu pandemic’s economic cost in a cross-section of 52 countries. Using excess mortality rates as a proxy for the country-specific severity of the pandemic, we find that the average mortality rate (0.0062% per pandemic wave) was associated with declines in consumption...

Persistent link: https://www.econbiz.de/10012308629

Gotcha! : a profile of smuggling in international trade

Berger, Helge (contributor); Nitsch, Volker (contributor) - 2008

This paper explores official trade data to identify patterns of smuggling in international trade. Our main measure of interest is the difference in matched partner trade statistics, i.e., the extent to which the recorded export value in the source country deviates from the reported import value...

Persistent link: https://www.econbiz.de/10003790986

Trade booms, trade busts, and trade costs

Jacks, David S.; Meissner, Christopher M.; Novy, Dennis - 2009

What has driven trade booms and trade busts in the past and present? We derive a micro-founded measure of trade frictions from leading trade theories and use it to gauge the importance of bilateral trade costs in determining international trade flows. We construct a new balanced sample of...

Persistent link: https://www.econbiz.de/10003882603

Unemployment in an interdependent world

Felbermayr, Gabriel; Larch, Mario; Lechthaler, Wolfgang - 2009

We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms. Countries may differ with respect to size, geographical location, and labor market institutions. Contrary to the literature, our single-sector perspective pays special attention...

Persistent link: https://www.econbiz.de/10003887183

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