An Assessment of the Long-Term Economic Impact of the New Regulatory Reform on Hong Kong

Author(s):  
T. C. Wong ◽  
Tom Fong ◽  
Ka-Fai Li ◽  
Henry Choi
2019 ◽  
Author(s):  
Noora Kanerva ◽  
Paulus Torkki ◽  
Ossi Rahkonen ◽  
Johanna Pekkala ◽  
Olli Pietiläinen ◽  
...  

Author(s):  
Abraham L. Newman ◽  
Elliot Posner

Chapter 6 examines the long-term effects of international soft law on policy in the United States since 2008. The extent and type of post-crisis US cooperation with foreign jurisdictions have varied considerably with far-reaching ramifications for international financial markets. Focusing on the international interaction of reforms in banking and derivatives, the chapter uses the book’s approach to understand US regulation in the wake of the Great Recession. The authors attribute seemingly random variation in the US relationship to foreign regulation and markets to differences in pre-crisis international soft law. Here, the existence (or absence) of robust soft law and standard-creating institutions determines the resources available to policy entrepreneurs as well as their orientation and attitudes toward international cooperation. Soft law plays a central role in the evolution of US regulatory reform and its interface with the rest of the world.


2021 ◽  
Vol 197 ◽  
pp. 111000
Author(s):  
Pin Wang ◽  
William B. Goggins ◽  
Yuan Shi ◽  
Xuyi Zhang ◽  
Chao Ren ◽  
...  
Keyword(s):  

2021 ◽  
Vol 270 ◽  
pp. 116285
Author(s):  
Lewei Zeng ◽  
Hai Guo ◽  
Xiaopu Lyu ◽  
Beining Zhou ◽  
Zhenhao Ling ◽  
...  

2012 ◽  
Vol 13 (5) ◽  
pp. 455-462 ◽  
Author(s):  
Jihui Zhang ◽  
S.P. Lam ◽  
S.X. Li ◽  
M.W.M. Yu ◽  
A.M. Li ◽  
...  

2017 ◽  
Vol 17 (18) ◽  
pp. 10919-10935 ◽  
Author(s):  
Yu Wang ◽  
Hao Wang ◽  
Hai Guo ◽  
Xiaopu Lyu ◽  
Hairong Cheng ◽  
...  

Abstract. Over the past 10 years (2005–2014), ground-level O3 in Hong Kong has consistently increased in all seasons except winter, despite the yearly reduction of its precursors, i.e. nitrogen oxides (NOx =  NO + NO2), total volatile organic compounds (TVOCs), and carbon monoxide (CO). To explain the contradictory phenomena, an observation-based box model (OBM) coupled with CB05 mechanism was applied in order to understand the influence of both locally produced O3 and regional transport. The simulation of locally produced O3 showed an increasing trend in spring, a decreasing trend in autumn, and no changes in summer and winter. The O3 increase in spring was caused by the net effect of more rapid decrease in NO titration and unchanged TVOC reactivity despite decreased TVOC mixing ratios, while the decreased local O3 formation in autumn was mainly due to the reduction of aromatic VOC mixing ratios and the TVOC reactivity and much slower decrease in NO titration. However, the decreased in situ O3 formation in autumn was overridden by the regional contribution, resulting in elevated O3 observations. Furthermore, the OBM-derived relative incremental reactivity indicated that the O3 formation was VOC-limited in all seasons, and that the long-term O3 formation was more sensitive to VOCs and less to NOx and CO in the past 10 years. In addition, the OBM results found that the contributions of aromatics to O3 formation decreased in all seasons of these years, particularly in autumn, probably due to the effective control of solvent-related sources. In contrast, the contributions of alkenes increased, suggesting a continuing need to reduce traffic emissions. The findings provide updated information on photochemical pollution and its impact in Hong Kong.


2021 ◽  
pp. 135481662110290
Author(s):  
Bala Ramasamy ◽  
Howei Wu ◽  
Matthew Yeung

Hosting sports events to attract international tourists is a common policy practised by many host governments. Hosting mega-sports events like the Olympics is said to leave a legacy that could impact the attractiveness of a country/city in the long term. However, the opportunity to host these mega-events is limited and expensive. This study considers the economic impact of hosting annual international sporting events, specifically the extent to which Formula 1, ATP Tennis and PGA Golf can attract international tourists. Using monthly data from 1998 to 2018, we show that the effect differs from one sport to another within a country and the same sport across countries. Hosting the Formula 1 is most effective for Canada but has no significant impact in Australia and the United Kingdom. ATP Tennis and PGA Golf have a significant impact on at least two countries. Policy-makers must consider carefully the sport that gives the best bang-for-the-buck.


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