Social and Behavioral Sciences Commons^™

Challenges And Responses : The Impact Of Classification Methods Of Policies On First-Generation College Students In China And The Us, Ken Cheng

SOC 605 Comparative Social Policy Research Project - Student Works

In China and the United States, with the expansion of higher education, more and more people have become the first-generation of college students in their families. However, while gaining opportunities for social upward mobility, they also face many challenges, and the formation of these challenges is related to their multiple identities. In China, these challenges are more related to regional development differences, while in the United States, they are more impacted by identities such as immigrants and ethnic minorities. At the same time, the governments, universities, and society of both countries have introduced various policies to support first-generation college students, …

Central Bank Bilateral Currency Swap And Trade Flows : An Implication For Renminbi Internationalisation, Abdullahi Ahmed Mohammed

Lingnan Theses and Dissertations (MPhil & PhD)

The emerging economic prosperity of China and its increasing economic integration with the rest of the world as the second largest economy seems to give China an edge to amplify its global competitiveness. For example, the accession of China to World Trade Organization in the early 2001 has intensified its rapid GDP growth, growing trade and current account surpluses, financial inflows and growing stockpiles of reserves holdings. The global financial crisis of 2008 nearly put a halt to China’s export-led and current account surpluses trajectory, in 2007 China’s current account surplus fell from 10% of GDP to about 2% in …

Ceo's Pay Differentials And The Location Of Ipos : An Empirical Study For Chinese A-Share And H-Share Companies, Yi Liu

Theses & Dissertations

This thesis provides an empirical investigation on how different public listing locations affect the CEO (chief executive officer)’s pay of Chinese SOEs (State Owned Enterprises) and whether such a pay differential would in turn affect the listing location choice by those firms, which have not received much attention in the current literature. In particular, we focus on two stock markets, the mainland (including Shenzhen and Shanghai) A-share market and Hong Kong H-share market. Unlike what have been found in many other markets, where firms listed in the foreign markets can normally enjoy a price premium, Chinese firms listed in the …

Rmb Exchange Rate Reform And Cross Listed Stock Price Disparity, Yuqian Rong

Theses & Dissertations

A growing number of Chinese corporations have been listing their shares on foreign stock markets. Hong Kong Stock Exchange (HKEX) and New York Stock Exchange (NYSE) are their major targets. Taking China’s exchange rate system reform as a unique event, I examine the price disparity between A-share and H-share (or ADR) using a sample of 28 Chinese companies listed in Shenzhen, Shanghai, Hong Kong, and New York. I conduct a panel-data investigation to examine the price disparity before and after the transition from the pegged to the managed floating exchange rate.

I have obtained several important findings in this study. …

The Driving Forces Behind The Recent Housing Market Development In Hong Kong : Fundamentals? Bubbles? Policy?, Ki Chiu Lo

Theses & Dissertations

By examining the driving forces behind the recent housing market development in Hong Kong, this thesis offers an explanation for the effects of the ―Capital Investment Entrant Scheme‖ and the movements in the exchange rate between HKD and RMB on the housing prices of the overall market and two sub-markets. Induced by record-low mortgage rates and decreasing amount of new dwelling units completion, housing prices in Hong Kong surged to a record high level recently. To test the equilibrium price of housing, cointegration tests will be used to identify whether there is overvaluation in recent property market. At the end …

Three Essays On Housing Market In Hong Kong : Implications For Public Policy And Macro Economy, Wai Chung, Gary Wong

Theses & Dissertations

The thesis contains three papers on different areas of housing study in Hong Kong. The first paper focuses on government policy in public housing privatization on housing market and its effect on the overall economy. By comparing the negative impacts of two financial crises in 1997 and 2008 on housing market, the paper tries to offer explanation for the property downturn during 1997-2003. It aims to study how a public housing privatization program would produce adverse effects on housing transactions and the economy. The second one links up the housing market and macro economy. It is found that housing sector …

Transmitted Unemployment And Exchange Rate Effect On Labor Market, Youqing Zhou

Theses & Dissertations

This thesis examines the link between exchange rate and unemployment. The unemployment problem in an open economy has mostly been discussed at the micro level. Previous studies focus on job losses from trade by the manufacturing industries. However, the macro level relationship between exchange rate and unemployment has been largely ignored. The aims of this study are twofold. Firstly, a simple theoretical relationship between exchange rate and unemployment is established by the PPP and Phillips curve. The model shows that, under the linked exchange rate system, the unemployment in currency-linked country is a function of the unemployment in the base …

The Security Dilemma In Sino-Japanese Relations, Yu Pan Lee

Theses & Dissertations

Even though economic relations between China and Japan have improved in recent decades, their security relations raise the prospect of clashes due to the perceived incompatibility of their interests, as manifested for example in territorial claims and rivalry for energy resources. This thesis analyzes the two states’ security relations using the “security-dilemma” and “constructivist theories” of international relations.

The security dilemma is a condition in which states’ attempts to increase their own security, out of the mutual fear and suspicion, results a decrease in security for all. The constructivist theories suggest that the identities of actors, social norms, states’ interests …

Negotiation In Cross-Cultural Marriages : An Exploratory Qualitative Study Among Middle Class Professionals In Hong Kong, Pui Kwan Man

Theses & Dissertations

This thesis attempts to focus on families and their children (if any) in cross-cultural marriages. These families potentially face extra stress and strains in addition to those which all families face. As a result of recent social and economic changes, certain roles such as those of the breadwinner and caregiver, traditionally male-female roles, may be becoming more interchangeable. Cross-cultural families’ may have differences in cultural backgrounds, attitudes and expectations, as well as potential support networks, so the research will investigate whether these sorts of changes place even greater than usual demands on families.

Therefore, it may be important for couples …

America New China Policy : The Hedgagement Approach, Cheong Wai Yuen

Theses & Dissertations

In the past few decades, the rise of China has shifted the political landscape in the Asia Pacific region. China has succeeded in economic development since the reform in 1979. It is transforming its growing economic strength into military power by substantially increasing military expenditure. According to the estimation of Global Trends 2025, by 2025 China will be the second largest economic and military power if current trend persists. The emergence of China has inevitably altered its international role when it is becoming the great power. With increasing economic interdependence and the anti-terrorism, the Sino-U.S. relations have become more complicated …

China's Efforts And The Development Of The Six-Party Talks In 2007, Keyu Gong

CAPS Working Paper Series

The Six-Party Talks concerning North Korea’s nuclear issue achieved significant progress in 2007 with the issuance of two joint agreements on the concrete steps towards the denuclearization of the Korean Peninsula. Largely thanks to China’s strenuous efforts, the talks in 2007 were marked by clear objectives, a strong sense of time, direct emphases and high feasibility. Sharing important stakes on the issue, China has played an ever active role in promoting the communication and negotiation among all parties, which is widely acknowledged by the international society.

The North Korea-China Relationship : Context And Dynamics, Tim Beal

CAPS Working Paper Series

All bilateral relationships are embedded within a wider context, but nowhere is this context more important than in the North Korea China relationship. For North Korea (the DPRK), China has been a bulwark against the United States, and in earlier periods, a counterbalance to the Soviet Union. However, North Korea has always been wary of becoming too dependent on China and one reason, though obviously not the major one, for its desire to establish normal and even friendly, relations with the United States, and Japan, is to offset Chinese influence. For China also, the United States is the main focus …

Powerless Or Perilous? : Ageing Women As An Emerging Social Force In Hong Kong, Kit Ling Luk

Theses & Dissertations

Ageing women have so often been represented in government policy rhetoric, gerontology literatures and journalistic discourse as the genderless, powerless and passive objects of welfare and services;, by and large, as a social problem that needs to be monitored and managed. Taking a cultural research approach, this thesis explores ageing women’s actual practices in Hong Kong social movements and aims to rerepresent ageing women as active social agents capable of generating multiple “tactical identities” enabling them to participate in and interact with an environment that poses concrete challenges to their participation.

In filling the gap between research on social movements …

On The Logic Of The Economic Integration Of Hong Kong Into The Greater China Economy, Hoi Cheung Cheung

CAPS Working Paper Series

Hong Kong has encountered an economic downturn since the outbreak of the Asian Financial Crisis in 1997. It was a result of the lack of long-term preparation for adjustment to changes in the industrial structure. Without a foundation to upgrade its industrial structure from labour-intensive manufacturing to mid and high-tech industry, Hong Kong could only transit its industrial structure directly from the secondary sector to the tertiary sector – financial services, trading and logistics, and related services. Nonetheless, due to the keen competition in terms of cost advantages from the neighbouring economies, mainly those regional economies in the Pearl River …

Managers' Occupational Stress In China : The Role Of Self-Efficacy, Changqin Lu, Oi Ling Siu, Cary L. Cooper

Centre for Public Policy Studies : CPPS Working Paper Series

The role of self-efficacy, an individual difference variable, in occupational stress research is seldom discussed, and is even rarely examined in Chinese societies. This study investigates the relationships between stressors, managerial self-efficacy (MSE) and work-related strains (job satisfaction, physical strain, and psychological strain). A total of 450 enterprise managers in eight cities of the People's Republic of China completed a battery of structured questionnaires. The results of the study generally support that total stressors was negatively related to job satisfaction, physical strain, and psychological strain. Furthermore, MSE was statistically significantly related to strains in that respondents with high levels of …

Competition Policy In East Asia : The Cases Of Japan, People's Republic Of China, And Hong Kong, Ping Lin

CAPS Working Paper Series

This paper describes and evaluates the competition policies in Japan, China, and Hong Kong. A simple framework based on the economic incentive of violations of law is used to evaluate the effectiveness of competition policy. After half a century of effort, Japan has finally established of a modern antitrust system, although its surcharge system could be further improved so as to enhance the deterrence effect of the law. China and Hong Kong (as most other East Asia countries) are at the early stage of developing an adequate and effective competition policy. Their short experiences, however, demonstrate the importance and complexity …

Do China And Hong Kong Constitute An Optimum Currency Area?, Yue Ma, Shu Ki Tsang

CAPS Working Paper Series

After the political unification of Hong Kong with China, Hong Kong is supposed to function as a separate economic entity under the framework of "one country, two systems". However, the increasingly close ties between the two economices have raised the possibility of full economic integration, and even of monetary union as the Chinese currency progresses towards full convertibility. This paper employs the theory of optimum currency area (OCA) and adopts recently developed techniques to test whether China and Hong Kong constitute an OCA. The empirical findings based on disaggregated historical data are overwhelmingly negative. Other considerations also point to a …

Incentives And Corruption In Chinese Economic Reform, Chengze, Simon Fan, Herschel I. Grossman

Centre for Public Policy Studies : CPPS Working Paper Series

This paper argues that, given the legacy of Chinese communism and its political structure, corruption, together with the threat of punishment for corruption and the selective enforcement of this threat, serves as a method of compensation that both satisfies the political objectives of the Communist Party and provides an effective inducement to local officials to promote economic reform.

Corporatism And Civil Society In The People's Republic Of China : Empirical Evidence And Theoretical Implications, Yiu Chung Wong, Che Po Chan

CAPS Working Paper Series

This paper raises serious doubts about the theme that depicts “China as a corporatist system”, and argues that, although the Chinese Communist Party (CCP) is truly loosening its control over the state enterprises, it still maintains its formal authority and is still playing a leading role in the industrial system. A clarification of the notion is timely in view of the conceptual ambiguity involved. Corporatism could be understood as a set of structures, which link society with the state; in other words, it could be studied as a broader problem of interrelationships between state and society.

The Labor Income Tax Equivalent Of Price Scissors In Pre-Reform China, Hiroyuki Imai

CAPS Working Paper Series

The government in a centrally planned economy can raise investable resources through price and wage manipulation. By treating price and wage controls as an implicit form of labor income taxation. I have assessed the scale of resource transfers from households to the government in pre-reform China. From the observed rise of the labor income share in the non-agricultural sector output resulting from price and wage liberalization since 1979, the implicit tax revenue during the 1964-78 period is assessed as 10.1 % of GDP. According to estimates based on a two-sector model, this implicit labor income tax led to implied reduction …

中國貿易保護代價的測算 : 方法、結論和意義 = An Estimate Of The Welfare Cost Of Protection In China, Shuguang Zhang

CAPS Working Paper Series

本項研究是一項實証研究,目的在於計算中國貿易保護的程度和貿易自由化的福利效應, 並對計算結果進行初步分析和國際比較。

This study was sponsored by the Institute of International Economics in the United States. Jointly conducted by Zhang Shuguang, Zhang Yansheng, and Wan Zhongxin, it has estimated, for the first time, the elasticity of demand for 25 of China’s major import categories. It has also estimated the welfare cost of protection in China and has made comparison with that in other selected countries.

New World Order And A New U.S. Policy Toward China, James C. Hsiung

CAPS Working Paper Series

While domestic politics is divided between Congress and the White House, generally along partisan lines, President Bill Clinton’s al-out engagement policy toward China, announced shortly after he began his second term in office, is aimed at fostering a Sino-US partenship for the twenty-first century. Below, I shall explain that this policy came at the end of three separate policy reviews conducted since Clinton’s first term. Here, though, I would like to note that rationale of the new China policy is in keeping with the requirements of the new world order, to meet the challenge posed by the three attributes identified …

Old Ally Versus New Friend : China's Economic Relations With The Two Koreas, Brian Bridges

CAPS Working Paper Series

This paper examines the nature of China’s economic relationship with the two Koreas, discussing the motivations behind China’s policy changes in the 1990s and assessing recent trends in trade, investment and economic cooperation. The prospects of the Tumen river development programme, which brings together all three countries in a multilateral cooperative venture, will also be analysed. The paper ends with some assessments of the future course of China’s relations with the two Koreas, especially with the uncertain internal situation in the North making the prospect of reunification loom larger.

Pre-Commitment Vs. Flexibility : Uncertainty And Distribution Reform In P.R. China, Kong Wing, Clement Chow

Hong Kong Institute of Business Studies Working Paper Series

The Chinese economic reform is remarkably different from the East European reforms in which the Chinese model emphasizes competition over privatization. This paper explains why the Chinese distribution reform is successful, although the Chinese government has made no attempt in privatizing her inefficient state-owned enterprises. By extending Coughlan's (1 985) price competition model to endogenize the pre-commitment versus flexibility decision, it is shown that reducing uncertainty can encourage enterprises to pre-commit their investment which allows further development of the retail sectors. This results supports the gradual pace of distribution reform policy of China. By contrast, the 'renolutionary' East European model …

Export Competitiveness Of China And Asean In The Us Market, Thomas J. Voon

CAPS Working Paper Series

This paper aims to provide a comparison of the changing pattern of export competitiveness among China and the four ASEAN countries comprising Indonesia, Malaysia, Singapore and Thailand (hereafter ASEAN-4) as exporters of primary commodities, labour-intensive goods as well as technology-intensive manufactures in the US market. Competitiveness is defined as country A’s ability to gain market share on a common export destination (such as the US import market). There are many popssible factors contributing to the changing level of competitiveness of a trading country. In this paper, we confine our analyss to evaluating how important relative changes in real exchange rate, …

Growth-Inflation Tradeoff In China, Hiroyuki Imai

CAPS Working Paper Series

The high growth and wide fluctuations of fixed investment are the main driving forces of the rate of inflation in China in the reform period. Investment expansion generates strong demand pressures in the consumption goods market. Its inflationary impact is magnified further as it brings about higher wage costs during a boom. An implied short-run tradeoff is derived from dynamic simulation of a small macroeconomics model. In a given year, each additional percentage point of economic growth or investment growth leads to, respectively, a 2.7 or a 0.9 percent increase in the rate of inflation that year.

Growth Into A Market Economy : The "Incremental Approach" In China, Gang Fan

Centre for Public Policy Studies : CPPS Working Paper Series

No abstract provided.