Prospects for the U. S. economy

Speech to the Hong Kong Association of Northern California, San Francisco, CA, October 16, 2006 ; President Janet L. Yellen presented similar remarks to the California Independent Bankers 16th Annual Convention in Laguna Beach, California on October 9, 2006.Economic conditions - United States

Christian worship: unity in cultural diversity

Reviewed Book: Stauffer, S Anita. Christian worship: unity in cultural diversity. Geneva: Lutheran World Federation, 1996. Reviewed Book: Stauffer, S Anita. Worship and culture in dialogue: reports of international consultations: Cartigny, Switzerland, 1993; Hong Kong, 1994. Geneva: LWF, 1994

[Review of the book \u3ci\u3eThe Four Little Dragons: The Spread of Industrialization in East Asia\u3c/i\u3e]

[Excerpt] This slim and eminently readable volume presents the 1990 Edwin O. Reischauer lectures delivered by Ezra Vogel, the Henry Ford II Professor of Social Sciences at Harvard University and a leading scholar on Asia. In the first chapter Vogel establishes the context for the experiences of the late late industrializes . Japan and the Four Little Dragons (Hong Kong, Korea, Singapore, and Taiwan). The next three chapters are devoted to the experiences of Taiwan, Korea, and Hong Kong and Singapore, respectively. The last chapter offers an explanation for the dragons\u27 successes

Estimating Price Effects in an Almost Ideal Demand Model of Outbound Thai Tourism to East Asia

This paper analyzes the responsiveness of Thai outbound tourism to East Asian destinations, namely China, Hong Kong, Japan, Taiwan and Korea, to changes in effective relative price of tourism, total real total tourism expenditure, and one-off events. The nonlinear and linear Almost Ideal Demand (AID) models are estimated with monthly data to identify the price competitiveness and interdependencies of tourism demand for competing destinations in both long run (static) and short run error correction (dynamic) specifications. The homogeneity and symmetry restricted long run and short run AID models are estimated to calculate elasticities. The income elasticities, and the compensated and uncompensated own-price and cross-price elasticities, provide useful information for public and private tourism agents at the various destinations to maintain and improve price competitiveness. The empirical results show that price competitiveness is important for tourism demand for Japan, Korea and Hong Kong in the long run, and for Hong Kong and Taiwan in the short run. With regard to long run cross-price elasticities, the substitution effect can be found in the following pairs of destinations: China-Korea, Japan-Hong Kong, Taiwan-Hong Kong, Japan-Korea, and Taiwan-Korea. In addition to the substitution effect, the complementary effect can be found in the following pairs of destinations: China-Hong Kong, China-Japan, China-Taiwan, Japan-Taiwan, and Korea-Hong Kong. Contrary to the findings obtained from the long run AID specification, Japan-Korea and Taiwan-Korea are complements in the short run. Furthermore, the real total tourism expenditure elasticities indicate that China’s share of real total tourism expenditure is inelastic in response to a change in real total tourism expenditure, while Korea’s share of real total tourism expenditure is most sensitive to changes in expenditure in the long run. The greatest impact on the share of real total tourism expenditure in the short run is tourism demand for Taiwan.tourism demand;almost ideal Demand (AID) model;compensated prices;budget shares;complements;error correction;monthly frequency;price competitiveness;substitutes;uncompensated prices

A Three-Dimensional Voting System in Hong Kong

The voting system in the Legislative Council of Hong Kong (Legco) is sometimes unicameral and sometimes bicameral, depending on whether the bill is proposed by the Hong Kong government. Therefore, although without any representative within Legco, the Hong Kong government has certain degree of legislative power --- as if there is a virtual representative of the Hong Kong government within the Legco. By introducing such a virtual representative of the Hong Kong government, we show that Legco is a three-dimensional voting system. We also calculate two power indices of the Hong Kong government through this virtual representative and consider the $C$-dimension and the $W$-dimension of Legco. Finally, some implications of this Legco model to the current constitutional reform in Hong Kong will be given

Country of origin effect on products from Mainland China in Hong Kong

This study examines the effect of the country of origin cue on Hong Kong consumers’ purchasing of products from the two countries—China and Japan. The research findings suggest that the country of origin and brand image are the important evaluative criteria for Hong Kong consumer. There are three main objectives in the report. First is to explore the overall image of Mainland Chinese products in Hong Kong market. The other is to assess the impact of the country of origin on Mainland Chinese products in Hong Kong market. Last, we make some suggestions for improving the image of Mainland Chinese products in Hong Kong market. The literature review and survey give the picture of the image of Mainland Chinese products in other markets. Overall, Mainland Chinese products have a negative image in those markets. The country of origin effect influences the country image so much, there has a negative image towards China. Hong Kong people view Mainland Chinese products as old-fashioned, cheap and unattractive. To alleviate that, the Chinese businesses could improve their marketing strategies in Hong Kong, especially the marketing mix. They could change the product designs and packages with good brand names, put more emphasis on promotions and advertising, and improving the advertisements to adapt to the tastes of Hong Kong consumers. In addition, they could increase the number of retail channels that are more convenient for consumers to get information and easier to find the products. The low price of China brand products in Hong Kong gives people “cheap” and “low-class” impression. So, Mainland Chinese firms should raise the quality of products in order to set a higher price in Hong Kong market

A research study on Hong Kong's building services engineering profession: a review of the building services engineering profession in the United Kingdom

A review of the building services engineering profession in the United Kingdom is considered in this document. It provides supporting information for a comprehensive study into the profession in Hong Kong which is being conducted by Hong Kong Polytechnic University on behalf of the Hong Kong Institution of Engineers. The overall aim of the work is to investigate mechanisms for raising the profile of building services engineers in Hong Kong

Hong Kong Summer Abroad

Field Placement Experience, Summer 2019 -- Hong Kong, Hong Kong -- Partner Agencie(s): University of Hong Kong; Christian Action - Centre for Refugeeshttps://deepblue.lib.umich.edu/bitstream/2027.42/152315/1/Castro_Poster.pd

Global Field Placement in Hong Kong: Christian Action - Centre for Refugees

Field Placement Experience, Summer 2018 -- Hong Kong, Hong Kong -- Partner Agencie(s): University of Hong Kong; Chirstian Action - Centre for Refugeeshttps://deepblue.lib.umich.edu/bitstream/2027.42/145775/1/Scorpio_Poster.pd