Showing 1 - 10 of 492
Persistent link: https://www.econbiz.de/10009572370
Mainland China have started to weigh on Hong Kong''s growth prospects. Against this backdrop, this paper aims to quantify the … trade and financial spillovers on Hong Kong SAR''s economy from a downturn in the euro area and Mainland China. Based on … event of a hard landing in China, the model simulations suggest that Hong Kong SAR would be on a sustained downturn with …
Persistent link: https://www.econbiz.de/10014396828
Over the last two decades, world trade and production have become increasingly organized around global value chains (GVC). Recent theoretical work has shown that countries can benefit from participation in GVCs through multiple channels. However, little is known empirically about the economic...
Persistent link: https://www.econbiz.de/10012001583
Economic adjustment and reform programs, including those supported by international financial institutions (IFIs), must cope with informational asymmetries and special interest politics. This presents a particularly serious issue when IFIs make structural economic reforms a condition for...
Persistent link: https://www.econbiz.de/10014400737
This paper explores the connection between interest rates in major industrial countries and annual real output growth in other countries. The results show that high large-country interest rates have a contractionary effect on annual real GDP growth in the domestic economy, but that this effect...
Persistent link: https://www.econbiz.de/10014399990
declined over the same period. In short, the recent era of globalization has witnessed the emergence of regional business …
Persistent link: https://www.econbiz.de/10014395417
Persistent link: https://www.econbiz.de/10011281166
possibility that entrepôts may facilitate tariff evasion. Using data on direct exports to mainland China and indirect exports to …
Persistent link: https://www.econbiz.de/10014400698
China and Hong Kong SAR during the subprime crisis. Using both univariate and multivariate GARCH models, this paper finds … that China''s stock market is not immune to the financial crisis, as evidenced by the price and volatility spillovers from … the United States than China''s returns, and past volatility shocks in the United States have a more persistent effect on …
Persistent link: https://www.econbiz.de/10014402277
Hong Kong SAR''s economic integration with the Mainland has primarily taken place in the Pearl River Delta (PRD). Taking stock of integration trends, this paper discusses key implications for ensuring economic benefits of further integration are sustained and associated costs minimized. Besides...
Persistent link: https://www.econbiz.de/10014401985