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Outline Of The Pair China-Hong Kong Link Model

In: Econometric Modeling Of China

Author

Listed:
  • So Umezaki

    (The Institute of Developing Economies, Japan)

Abstract

The following sections are included:PAIR ProjectData ProblemsChinaDecomposition of Net ExportsDeflators for Merchandise TradeInvestment DeflatorHong KongDefinition of Re-exportsEstimation of the Re-export Margin (RRXM)Merchandise Trade StatisticsModel SpecificationBackgroundTrade LinkDomestic BlockChinaHong Kong BlockEstimation Results and Simulation AnalysisEstimation ResultsSimulation Analyses of Exchange Rate PolicySimulation settingsImpacts of Depreciation of RMB YuanImpacts of Depreciation of the Hong Kong DollarImpacts of Depreciation in Both CurrenciesAppendix 1. Estimation Results of RRXMAppendix 2. Structure of Trade Block in PCHLMAppendix 3. Price Determination Structure of China BlockAppendix 4. List of Equation (PLM ver.98.1)Appendix 5-1-1. List of Variables for ChinaAppendix 5-1-2. Data Set for ChinaAppendix 5-2-1. List of Variable for Hong KongAppendix 5-2-2. Data Set for Hong KongAppendix 6. Estimation Results of EquationsAppendix 7. Final Test (1985–1996)

Suggested Citation

  • So Umezaki, 2000. "Outline Of The Pair China-Hong Kong Link Model," World Scientific Book Chapters, in: Lawrence R Klein & Shinichi Ichimura (ed.), Econometric Modeling Of China, chapter 4, pages 151-200, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9789812792457_0004
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    Keywords

    China; Macroeconometric Models; Current Account; Factor Productivity; Substitution Elasticity; Economic Reform;
    All these keywords.

    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General

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