The driving forces behind the recent housing market development in Hong Kong : fundamentals? bubbles? policy?

After presenting general facts concerning the evolution of the labor market in Brazil over the 2004–2014 decade, this chapter documents the outstanding formalization process that took place, as well as its main consequences and driving forces. In this period, the Brazilian economy achieved sizable GDP growth rates. Although far below Chinese or Indian performances, in contrast to the experiences of the latter, Brazilian growth was notable for being (re)distributive (i.e. associated with important reductions in inequality). In particular, the new growth path was accompanied by a sustained expansion in formal employment, an increase in labor incomes, particularly of earnings at the bottom end of wage distribution, and a consistent decline in wage inequality. Thus, the chapter discusses some of the interventions that led to these achievements and the challenges now faced if these achievements are to be preserved or built upon.

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The Driving Forces of Customer Loyalty

Electronic Business ◽

10.4018/978-1-60566-056-1.ch095 ◽

2009 ◽

pp. 1540-1557

Author(s):

T. C.E. Cheng ◽

L. C.F. Lai ◽

A. C.L. Yeung

Keyword(s):

Hong Kong ◽

Customer Satisfaction ◽

Service Quality ◽

Customer Loyalty ◽

Structural Equation ◽

Driving Forces ◽

Corporate Image ◽

Equation Modeling ◽

Internet Service ◽

Broadband Market

In this study we examine the driving forces of customer loyalty in the broadband market in Hong Kong. We developed and empirically tested a model to examine the antecedents of customer loyalty towards Internet service providers (ISPs) in Hong Kong. Structural equation modeling (SEM) was used to evaluate the proposed model. A total of 737 valid returns were obtained through a questionnaire survey. The results show that customer satisfaction, switching cost, and price perception are antecedents that lead directly to customer loyalty, with customer satisfaction exerting the greatest influence. Although we found that service quality significantly influences customer satisfaction, which in turn leads to customer loyalty, we did not find a direct relationship between service quality and customer loyalty. Our results also reveal that corporate image is not related to customer loyalty. Our empirical investigation suggests that investing huge resources in building corporate image can indeed be a risky strategy for ISPs.

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The macroeconomic drivers of stock market development: evidence from Hong Kong

Journal of Financial Economic Policy ◽

10.1108/jfep-11-2018-0163 ◽

2019 ◽

Vol 12 (2) ◽

pp. 185-207 ◽

Cited By ~ 1

Author(s):

Sin-Yu Ho ◽

Nicholas M. Odhiambo

Keyword(s):

Hong Kong ◽

Stock Market ◽

Inflation Rate ◽

Banking Sector ◽

Trade Openness ◽

Market Development ◽

Content Type ◽

Stock Market Development ◽

Banking Sector Development ◽

Short Run

Purpose The purpose of this paper is to examine the macroeconomic drivers of stock market development in Hong Kong during the period 1992Q4-2016Q3. Specifically, it investigates the impact of banking sector development, economic growth, inflation rate, exchange rate, trade openness and stock market liquidity on stock market development. Design/methodology/approach This paper uses quarterly time-series data covering the period 1992Q4-2016Q3, which have been obtained from various reliable sources. The study uses the autoregressive distributed lag bounds testing procedure to identify both the long- and short-run macroeconomic drivers of stock market development in Hong Kong. Findings We find that banking sector development and economic growth have positive impacts on stock market development, whereas the inflation rate and the exchange rate have negative impacts on stock market development both in the long and short run. In addition, the results show that trade openness has a positive long-run impact but a negative short-run impact on stock market development. Originality/value Despite the phenomenal growth of stock market in Hong Kong, there are, to the best of the authors’ knowledge, no relevant studies on the macroeconomic drivers of stock market development in Hong Kong. Therefore, this paper endeavours to enrich the literature by examining the macroeconomic drivers of stock market development in Hong Kong during the period 1992Q4-2016Q3.

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