Index
Modeling Economic Growth in Contemporary Hong Kong
ISBN: 978-1-83909-937-3, eISBN: 978-1-83909-936-6
Publication date: 29 January 2021
This content is currently only available as a PDF
Citation
(2021), "Index", Fung, M.K. and Sergi, B.S. (Ed.) Modeling Economic Growth in Contemporary Hong Kong (Entrepreneurship and Global Economic Growth), Emerald Publishing Limited, Leeds, pp. 89-91. https://doi.org/10.1108/978-1-83909-936-620211006
Publisher
:Emerald Publishing Limited
Copyright © 2021 by Emerald Publishing Limited
INDEX
Absolute convergence
, 13, 19
ADF unit root test
, 34–35
Autoregressive-Distributed Lag (ARDL)
, 51
Bounds-test
, 79
Capital income
, 3–4
Cash-in-advance theory
, 28
China Data Online
, 15
China–Hong Kong migration
, 49–50
Cohort effect
, 53–54
Cointegration analysis
, 12
Conditional convergence
, 13, 17, 18
Conditioning variables
, 13
Consumer price index (CPI)
, 30–31
Currency substitution (CS)
ADF unit root test
, 34–35
construction
, 32–34
consumer price index
, 38
currency substitution degree
, 30
data explanation
, 32
definition
, 25–26
domestic research
, 28–29
empirical research
, 28
foreign research
, 28
Hong Kong financial markets
, 29
impulse response function
, 35–37
inflation
, 30–31
Inventory Cash Theoretical Model
, 27
model estimation
, 30–41
model selection
, 32–34
net investment inflow, Mainland China
, 32
policy recommendations
, 42–43
portfolio theory
, 27
Preventive Demand Theory of Money
, 27
purpose of
, 25–26
risk
, 29–30
RMB-HKD interest rate
, 31–32
RMB-HKD substitution
, 30–32
symmetric substitution
, 25–26
theories
, 26–27
USD to HKD exchange rate
, 31
variance decomposition analysis
, 37–41
vector autoregressive (VAR) model
, 28–29
Demographic profile
, 54–59
Durbin-Watson test
, 83
Dynamic autoregressive panel model
, 12
European Community Household Panel (ECHP)
, 51
Granger Causality Wald Tests
, 66
Gresham’s Law
, 26
Gross domestic product (GDP)
, 17, 19
Gross national income (GNI)
, 7
Healthcare expenditure
awareness
, 72
Bounds-test
, 79
data
, 76
doctors
, 75
Hong Kong
, 82
income
, 74
long run equilibrium relationship
, 80
long-term factors
, 73–76
methodology
, 77–79
per capita income
, 72
population, elderly proportion of
, 74
population, young people proportion of
, 75
public share
, 75–76
robustness tests
, 83
short run equilibrium relationship
, 83
statistics
, 77
variables
, 77
Hong Kong dollar (HKD)
, 25
RMB interest rate
, 31–32
RMB substitution
, 30–32
USD exchange rate
, 31
Housing markets
capital income
, 3–4
data
, 4
gross national income (GNI)
, 7
housing prices
, 2–4, 6–7
illiquid assets
, 2
labor income
, 3–4
permanent income hypothesis (PIH)
, 2–4, 6–7
rational-expectation permanent income hypothesis (REPIH)
, 2–3
regression equation
, 7
sensitivity
, 3
wealth effects
, 1–4, 7
Housing-price Convergence
absolute convergence
, 13, 19
China Data Online
, 15
city-specific socio-economic characteristics
, 17–19
cointegration analysis
, 12
conditional convergence
, 13, 17–18
conditioning variables
, 13
data
, 15–17
dynamic autoregressive panel model
, 12
economic growth
, 11–12
empirical framework
, 13–15
gross domestic product (GDP)
, 17, 19
hypotheses
, 13–15
life-cycle theory
, 11–12
population
, 17–19
ripple effect hypothesis
, 12
sample cities
, 15
statistics
, 16
steady-state housing price
, 19–20
Illiquid assets
, 2
Immigration
Autoregressive-Distributed Lag (ARDL)
, 51
characteristics
, 54–59
China–Hong Kong migration
, 49–50
Cohort effect
, 53–54
data characteristics
, 53–59
data management
, 53–54
data sources
, 53
demographic profile
, 54–59
economic growth
, 51
estimation models
, 59–61
European Community Household Panel (ECHP)
, 51
Granger Causality Wald Tests
, 66
immigrants skills
, 50–51
immigrants society
, 48
Immigration Arrangements for Non-local Graduates (IANG)
, 48
language/linguistic barrier
, 56–59
language usage
, 50–51
marginal rate of return
, 64
migration decision
, 49–50
research hypotheses
, 52
supporting services
, 58
unintended consequences
, 52
World War II
, 48
Immigration Arrangements for Non-local Graduates (IANG)
, 48
Impulse response function
, 35–37
Inflation
, 30–31
Inventory Cash Theoretical Model
, 27
Keynes’ theory
, 30
Labor income
, 3–4
Language/linguistic barrier
, 56–59
Long run equilibrium relationship
, 80
Marginal rate of return
, 64
Net investment inflow, Mainland China
, 32
Per capita income
, 72
Permanent income hypothesis (PIH)
, 2–4, 6–7
Population
elderly proportion of
, 74
young people proportion of
, 75
Portfolio theory
, 27
Preventive Demand Theory of Money
, 27
Rational-expectation permanent income hypothesis (REPIH)
, 2–3
Regression equation
, 7
Research hypotheses
, 52
Ripple effect hypothesis
, 12
Robustness tests
, 83
Sensitivity
, 3
Short run equilibrium relationship
, 83
Stock markets
capital income
, 3–4
data
, 4
gross national income (GNI)
, 7
labor income
, 3–4
permanent income hypothesis (PIH)
, 2–4, 6–7
rational-expectation permanent income hypothesis (REPIH)
, 2–3
regression equation
, 7
sensitivity
, 3
wealth effects
, 1–4, 7
Structure vector autoregressive (SVAR)
, 25
Symmetric substitution
, 25–26
Unit root test
, 34
US dollar (USD)
, 23
gross domestic product (GDP)
, 15
HKD exchange rate
, 31
risk of RMB Being Substituted by
, 29–30
Variance Decomposition
analysis
, 37–41
consumer price index
, 38
currency substitution
, 39
HKD-USD exchange rate
, 40
RMB-HKD exchange rate
, 41
Vector autoregressive (VAR) model
, 28–29
World War II
, 48
- Prelims
- Chapter 1 The Wealth Effects of Housing and Stock Markets on Consumption: Evidence across Nations Including China and Hong Kong
- Chapter 2 Housing-price Convergence among Cities in China: Absolute or Conditional?
- Chapter 3 Analysis of the Substitution Effect of RMB to Hong Kong Dollar
- Chapter 4 Immigration and Economic Growth in Hong Kong
- Chapter 5 Long-term Determinants of Healthcare Expenditure in Hong Kong
- Index