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Full-Text Articles in Social and Behavioral Sciences
Economic Anomalies Following The Handover Of Hong Kong, Nathan Martin
Economic Anomalies Following The Handover Of Hong Kong, Nathan Martin
Economics Undergraduate Honors Theses
This paper seeks to examine and provide a possible explanation for economic anomalies in Hong Kong following its handover to China. Hong Kong was on a 99-year lease to the United Kingdom from China before being handed back over July 1st, 1997. Due to the “one country, two systems” policy espoused in the handover agreement that was to be implemented for fifty years, this event marks a rare natural experiment of a peaceful regime change without a significant change in governance. This paper seeks to understand the impact of the act of regime change on selected key macroeconomic …
An Anomaly In Unemployment Rates: A Comparative Analysis Of Federal Governments’ Responses To The Covid-19 Pandemic, Trent Arney
An Anomaly In Unemployment Rates: A Comparative Analysis Of Federal Governments’ Responses To The Covid-19 Pandemic, Trent Arney
Economics Undergraduate Honors Theses
During the COVID-19 pandemic, the United Kingdom experienced extremely low unemployment rates compared to similarly developed nations. As a result of the ensuing national recessions, the United States’ and Canada’s Phillip’s Curves shifted, while the United Kingdom’s remained steady. Each of these three nations pursued relatively similar monetary and fiscal policies; however, the United Kingdom’s government-supported wage policy had different requirements and specifications than that of the United States’ and Canada’s. The United Kingdom’s government-supported wage policy prioritized saving jobs while the United States’ and Canada’s policies prioritized saving firms, leading to the disparity in national unemployment rates observed during …