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An Assessment of the Closer Economic Partnership Arrangement Between China and Hong Kong

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  • Hung-Gay Fung
  • Jian Zhang

Abstract

In 2004, China and Hong Kong established a free trade agreement (FTA) called the Closer Economic Partnership Arrangement, intended to phase out all trade barriers to trade and investment between them. This research uses a computational general equilibrium model to evaluate the effects of the FTA on the Hong Kong and Chinese economies. The results indicate that Hong Kong improves its exports to China and gains in welfare at China's expense.

Suggested Citation

  • Hung-Gay Fung & Jian Zhang, 2007. "An Assessment of the Closer Economic Partnership Arrangement Between China and Hong Kong," Chinese Economy, Taylor & Francis Journals, vol. 40(2), pages 36-50, April.
    • Handle: RePEc:mes:chinec:v:40:y:2007:i:2:p:36-50
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    Cited by:

    1. Kun‐Ming Chen & Meng‐Chia Tsai & Chia‐Ching Lin & Chaw‐hsia Tu, 2009. "Impact of Cross‐Strait Trade Liberalization: A Computable General Equilibrium Analysis," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 17(6), pages 106-122, November.
    2. Zhou, Yonghong & Zheng, Xian & Yuan, Ziqing, 2022. "Trade liberalization and wages: Evidence from the closer economic partnership arrangement between mainland China and Hong Kong," Research in International Business and Finance, Elsevier, vol. 61(C).

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