
Hong Kong Investment in China and Income Distribution of Hong Kong
Hong Kong Investment in China and Income Distribution of Hong Kong
- Kui Yin Cheung Chengze Simon Fan
- 세종대학교 경제통합연구소
- Journal of Economic Integration
- 제16권 제4호
- 등재여부 : KCI등재
- 2001.12
- 1 - 31 (31 pages)
Since the Chinese government launched the economic reform and “open door” policies in late 1978, investment between Hong Kong and Mainland China has increased remarkably. In fact, Hong Kong has been the Mainland`s dominant supplier of FDI. Income distribution in Hong Kong was affected when investors, in search of a higher rate of return, moved their capital from Hong Kong to the Mainland. The empirical findings here show that Hong Kong`s investment in the Mainland led to an increase in the rate of return of capital. Regression analysis indicates that the income redistribution effect of Hong Kong`s investment in China has been biased towards skilled workers.
Ⅰ. Introduction
Ⅱ. Theoretical Background and Hypotheses
Ⅲ. Background Information and the Data Set
Ⅳ. Empirical Findings
Ⅴ. Summary and Conclusions