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Articles 1 - 13 of 13
Full-Text Articles in Social and Behavioral Sciences
Tax Reform: Postitive Directions For A Better World, Lok Sang Ho
Tax Reform: Postitive Directions For A Better World, Lok Sang Ho
Hong Kong Economic Association Biennial Workshop
No abstract provided.
Tax Policy In Denmark (And Eu), Jens Holger Helbo Hansen
Tax Policy In Denmark (And Eu), Jens Holger Helbo Hansen
Hong Kong Economic Association Biennial Workshop
No abstract provided.
Optimal Income Tax For China, Shuanglin Lin, Chengjian Li, Jinlu Li
Optimal Income Tax For China, Shuanglin Lin, Chengjian Li, Jinlu Li
Hong Kong Economic Association Biennial Workshop
No abstract provided.
Hong Kong Tax Regime: Where Do We Go From Here?, Yvonne Law
Hong Kong Tax Regime: Where Do We Go From Here?, Yvonne Law
Hong Kong Economic Association Biennial Workshop
No abstract provided.
Tax Reform And Democratic Reform In Hong Kong, Richard Simmons
Tax Reform And Democratic Reform In Hong Kong, Richard Simmons
Hong Kong Economic Association Biennial Workshop
No abstract provided.
Tax On Capital Income, Yong Wang, Wai Hong Ho
Tax On Capital Income, Yong Wang, Wai Hong Ho
Hong Kong Economic Association Biennial Workshop
No abstract provided.
Competition In Hong Kong’S Banking Industry, Lai Yee Chu, Yue Cui, Nan Ye, Yuelin Yan
Competition In Hong Kong’S Banking Industry, Lai Yee Chu, Yue Cui, Nan Ye, Yuelin Yan
Lingnan Journal of Banking, Finance and Economics
This paper tests the competition structure of Hong Kong’s banking industry using the Panzar-Rosse approach and a panel dataset of the largest 20 banks in Hong Kong from 1998 to 2011. The estimation results showed that the competitive pressures were equal across time and across the different sizes of the banks in Hong Kong’s banking industry. Competitive pressures may heighten in the near future as banks will seek to gain competitive edge and they can do so through mergers and acquisitions. Regulations are also slowly being relaxed after the financial crisis in order to boost the economy and more advances …
Assess The Crisis Management Effort Following The Outbreak Of The Subprime Crisis, Yuchen Luo
Assess The Crisis Management Effort Following The Outbreak Of The Subprime Crisis, Yuchen Luo
Lingnan Journal of Banking, Finance and Economics
In this paper, I employ a linear regression model to examine the effectiveness of four microeconomic variables, namely government debt, GDP growth rate, household consumption growth rate and government spending growth rate, in stimulating economic growth. In order to test the effectiveness of expansionary fiscal policy in different macro-environments, countries were first partitioned into low and high government debt categories. In addition, raw dataset was partitioned into two time periods, respectively, representing normal macroeconomic years and recession years. My results suggest that countercyclical government spending has been an effective stimulation tool but its effect was more significant in countries of …
Can The Euro Rival The United States Dollar And Become The World Currency?, Kar Wai Man, Feissal Thomas Germais Mombo Paraga Apengue, Weixin Zhang, Yiqing Tu, Yuan Yuan
Can The Euro Rival The United States Dollar And Become The World Currency?, Kar Wai Man, Feissal Thomas Germais Mombo Paraga Apengue, Weixin Zhang, Yiqing Tu, Yuan Yuan
Lingnan Journal of Banking, Finance and Economics
Due to the outstanding performance of the Euro since its advent, the public may wonder whether the Euro would, one day, replace the US dollar (USD) which has all along been a force to be reckoned with all around the world. By tracing the chain of contributions the USD (the United States of America) and the Euro (European Union) have made to the world economy in the past and at present, we hope to arrive at some conclusions. However, the paper will give primacy to predicting the future trends for them separately.
Democracy And Economic Growth: A Perspective Of Cooperation, Menghan Yang, Li Zhang
Democracy And Economic Growth: A Perspective Of Cooperation, Menghan Yang, Li Zhang
Lingnan Journal of Banking, Finance and Economics
Does democracy cause higher economic growth? We build a model taking culture and interpersonal cooperation into account and find that democracy increases economic productivity through giving people more equal rights, which allows people to build a larger interpersonal network so that they can reduce investment risk and employ high-productivity (high-risk) methods in production.
Does Okun’S Law Still Hold Today?, Michael Jeffrey White, Lai Yee Chu
Does Okun’S Law Still Hold Today?, Michael Jeffrey White, Lai Yee Chu
Lingnan Journal of Banking, Finance and Economics
Arthur Okun claimed that when a country’s unemployment rate fell, the GDP expanded. This paper investigates the claim of Arthur Okun and the effect of unemployment rates and GDP of a country on each other. Data from three countries, namely, USA, Japan, and France, were tested to see if there was a causal link between the two variables. It was found that the proposed law of Arthur Okun did not hold. In the USA, there was a two way causality link but different directions of effect. France and Japan did not have a causal link between the two variables.
Impact Of Change In Exchange Rate On Foreign Direct Investment: Evidence From China, Weifeng Jin, Qing Zang
Impact Of Change In Exchange Rate On Foreign Direct Investment: Evidence From China, Weifeng Jin, Qing Zang
Lingnan Journal of Banking, Finance and Economics
Based on the monthly data of foreign direct investment (FDI) in China and the index of real effective exchange rate (REER) of RMB during Jan 1997 to Sep 2012, we develop a statistical model in this paper to test the impact of changes in exchange rate in the host country on FDI, with reference to international and domestic research. According to the results of the empirical test, the appreciation of RMB promotes FDI after the reforms in the exchange rate regime in 2005 and this phenomenon is a result from the change in the type of FDI into China in …
Tax Reform : Toward A Simpler, More Pro-Growth Tax Regime, Lok Sang Ho
Tax Reform : Toward A Simpler, More Pro-Growth Tax Regime, Lok Sang Ho
Centre for Public Policy Studies : CPPS Working Paper Series
This paper proposes that tax reform should take the direction of focusing on economic rent as the tax base. Since personal incomes that are very high typically carries a large component of economic rent, even very high marginal tax rates may not have much adverse effect on effort provided that the tax bands are wide enough so that, say, 90% of the working population will enjoy very low marginal tax rates. From this perspective, the author proposes to abolish the profits tax altogether, but to treat dividends and capital gains (net of inflationary gains) the same as labor income.