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In our previous blog post, we introduced 3 common measures of divorce. Both the crude divorce rate and the refined divorce rate of the United States show that the number of divorces in the U.S. has been declining. We now look at some factors affecting divorce.   Domestic Violence Bowlus...

There has been a myth in the United States, which is that over 50% of the married couples in United States will end in divorce. If true, it will bring a lot of irreparable damages to children, families, and the taxpayers. Are we able to debunk the myth from the...

I. Introduction Gresham’s Law is a theory that predicts what will happen when two kinds of money circulate in an economy at the same time. However, the Gresham’s Law is conditional on certain circumstances. Outside of those circumstances, its predictions may not come true.   II. The Story of Gresham's...

Inflationary pressure in the United State has been piling up since the middle of 2020, whose price level as measured in the consumer price index(CPI) increased from almost zero per cent to 8.5% in May 2022, marking four-decade highs. During the same period, price levels in ASEAN economies also demonstrate...

What is dividend tax? Dividend refers to the part of after-tax profits of a company for distribution to its shareholders in proportion to the number of shares they hold. With dividend tax imposed, part of companies’ dividend distribution will be taxed by a certain percentage. Hong Kong does not levy...

I. What happened In 2012, Hurricane Sandy greatly damaged New Jersey’s infrastructure and led to a temporary outage that disrupted the operation of some gas stations. Newspapers reported that 60% of the gas stations in New Jersey were closed. The sellers raised the gasoline price by as much as 30%...

I. What happened Uber is a well-known app providing ride-hailing services, with businesses operating around the world. It is a rather new business model – “the sharing economy” which matches up taxi passengers and drivers. In India before 2016 when price used to be unregulated, as opposed to the traditional...

I. What happened Hard hit by COVID-19, Sri Lanka's tourism sector was severely dragged in 2020. Its tourism revenue dropped from the highest of USD 450 million in December 2019 to nearly zero throughout the second and third quarter of 2020. As a result, the country's economic growth in 2020 also...

On 19 March 2022, Prof Travis Ng was invited to Pui Ching Middle School to deliver a lecture on the topic of "Evolution of Money". Due to another outbreak of COVID-19 in Hong Kong, the lecture was held virtually on ZOOM. There were about 35 students attended the class. While...

Understanding common errors in surveys and statistical reports Errors extensively exist in most of the survey results, whose sources vary from nonresponse error, measurement error, framing error, etc. When reading statistics from a survey, we need  to recognize all sorts of potential errors behind it, in order to avoid being...

Cautionary remarks of interpreting the survey results There are a few cautionary remarks worth paying attention to when reading the number of Regional Headquarters(RHQs) /Regional Offices(ROs)/Local Offices(LOs) in the report of “Annual survey of companies in Hong Kong with Parent Companies Located outside Hong Kong" ( called the Survey hereafter),...

Executive summary: The number of RHQs in Hong Kong grew steadily in the long run, despite dropping for two consecutive years in 2020 and 2021. The number of RHQs from mainland China rose exceptionally in recent years, narrowing the share gap with the US, the head in the list. Over...

On 3 September 2021, the Belt & Road Global Forum Annual Roundtable 2021 was held by Belt and Road Global Forum in Hong Kong. Prof SHENG Liugang participated in the event with a presentation on "Driving Growth through Connectivity—Harnessing the new momentum of the GBA（Greater Bay Area）and RCEP（Regional Comprehensive Economic...

Read more on the Summit On 26th June 2021, we had our final session, Presentation. 14 teams presented their work within 10 minutes and were asked by the judges of panel subsequently. We had invited Dr. Vinci Chow and Dr. Wallace Mok from Department of Economics, CUHK, to be the panel...

Read more on the Summit Orientation   On 29th May 2021, our orientation day of the Summit, we had around 54 students (17 teams) participating in the event. Prof. Travis Ng provided an analysis training to them and helped them grasp the idea of how to analyse a policy from Economics...

In international trade, conflicts arise because of different systems of commercial law in various countries, which leads to the so-called conflict of laws.   For example, when dealing with a trade dispute, each country’s judicial system works on different principles. Which country’s law should be applied? This, in turn, is another...

Our student helper team has conducted a test run on their game – Unilateral Trade – on the last Saturday, 27 February 2021. The test run was to examine the game design and whether the messages behind can be effectively delivered. Unilateral Trade is a teaching case for promoting trade...

On the last Saturday (23 Jan 2021), we have successfully tested our teaching case - Balance of Payment. The aim of this test run is to examine whether our game design of this teaching case is effective to deliver the message behind. Balance of Payment is a teaching case that introduces Current Account and Capital...

“Play” It Forward HK@APEC Game Design Competition was held successfully on 14th November, 2020. 22 student teams devised creative games with international trade concepts. Prof. Travis NG was invited to judge the game designs and gave valuable recommendations to the participants. The Competition was co-organised by JAHK with seminars and...

The E-APEC Study Centres Consortium Conference 2020 was hosted by Malaysian APEC Study Center (MASC) at the Institute of Malaysian and International Studies (IKMAS), Universiti Kebangsaan Malaysia (UKM) on Sept 23, 2020. Due to the COVID-19 pandemic ,the Conference was held through ZOOM meeting. The theme this year is “Towards an Inclusive, Sustainable Growth...

Introduction This data set aimed at providing a general view on the development of aviation industry within Asia-Pacific Economic Cooperation (APEC) in the past decade. This data hope to serve as a platform to introduce the recent development of the fast-growing aviation industry in APEC to the public, as well...

Introduction This is a teaching case aiming to introduce certain trade concepts and Hong Kong trade situation to secondary school students or non-economic undergraduates. Two groups of students from Department of Economics, The Chinese University of Hong Kong involved in the whole project, from conducting research on Hong Kong Trade statistics to...

On May 15 and 20, Prof. Travis NG led our student helpers to implement our game “Invisible Trade” for the students from Pentecostal Lam Hon Kwong School and Po Leung Kuk Yao Ling Sun College respectively. It was a valuable experience for both of our students and the secondary school...

We had successfully run a pilot test for the teaching case invisible trade. The objectives of the pilot test are the following: Examining the validity of the designated games Testing whether the games successfully deliver the main intuition to the subjects. The teaching case consists 4 parts:   Introduction Tutor...

We joined and supported the Workshop: 101 on Hong Kong Public Funding for Startups organised by StartupsHK on 29 Nov 2018. The Hong Kong government announced billions of dollars of funding for startups and SMEs, in this year, Financial Secretary Paul Chan has set aside HKD 50 billion to enhance Hong Kong’s innovation...

The 22nd Air Transport Research Society (ATRS) World Conference held on 2-5 July 2018 at COEX, Seoul, Republic of Korea. This four-day event allows presentations and discussions of, on the one hand, completed research in air transportation and, on the other hand, research in process. Also high-level speakers from academia, government as...

The 2018 APEC Study Centre Consortium Conference (ASCCC) held on 14-15 May 2018 at the International Convention Centre in Port Moresby, Papua New Guinea. The conference aims to support the overall objectives of APEC 2018 hosted by Papua New Guinea. It will also be another opportunity for APEC’s network of...

APEC Study Centre hosted an International Student Summit (ISS) from 10 May 2018 12 May 2018 for elite students from different countries. It aims to bring together high schools and universities from different economies, deepen understanding each others themes and exchanging ideas so as to foster global perspectives and partnerships....

From left: Professor Anthony Y.H. Fung (CUHK), Professor Sung Yun Wing (CUHK), Mr Najeeb Haider (AIIB), Professor Fanny M.C. Cheung (CUHK), Professor Lawrence J. Lau (CUHK), Mr Edward Yau Tang-wah (HKSARG), Professor Richard Y.C. Wong (HKU), Ms Salina Yan (HKSARG), Mr Eduardo Pedrosa (PECC), Dr Patrick Low (HKU) and Professor...

Dr Law Cheung Kwok, Co-director of APEC Study Centre, participated in a conference and presented a paper: “Policy for Promoting MSMEs Modernization towards Industry 4.0 in Hong Kong, China”    

APEC 2nd Senior Officials’ Meeting (SOM-2) APEC Study Centre, CUHK participated in APEC 2nd Senior Officials’ Meeting (SOM-2) and related meetings held in Hanoi, Vietnam from 10th - 13th May 2017 and presented in 2 sessions. Workshop on SMEs’ Integration into Global Value Chains in Services Industries Under the chair...

The Econometric Society is an international society for the advancement of economic theory in its relation to statistics and mathematics. The society is holding meeting around the worlds to provide a platform for scholars to share their fruits of research and exchange ideas with outstanding scholars. This year, the Asian Meeting of...