research paper series China and the World Economy Research Paper 2006 / 37 On Income Convergence among China , Hong Kong and Macau

@inproceedings{Lei2006researchPS,
  title={research paper series China and the World Economy Research Paper 2006 / 37 On Income Convergence among China , Hong Kong and Macau},
  author={Chun Kwok Lei and Shujie Yao},
  year={2006}
}
Hong Kong and Macau were re-united with China in the late 1990s as two special administrative regions (SARs). Over the last half century, they were China’s good examples of economic development, windows of openness and investors. Due to historical reasons, China lagged far behind Hong Kong and Macau in terms of per capita incomes. However, rapid economic growth in China over the last three decades must have brought about a significant convergence of the three economies. This paper aims to… CONTINUE READING