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, Bingley, 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