Register  |  Login  |  Inquiries  |  Sitemap |  
Advanced Search
Journal of Economic Integration 2022 June;37(2) :179-215.
DOI: https://doi.org/10.11130/jei.2022.37.2.179
Economic Effects of Macao’s Integration with Mainland China: A Causal Inference Study

Cruz A. EchevarríaSerhat HasancebiJavier García-Enríquez 

University of the Basque Country UPV/EHU, Spain
Corresponding Author: Serhat Hasancebi ,Email: serhat.hasancebi@gmail.com
Copyright ©2022 Journal of Economic Integration
ABSTRACT
Macao was a Portuguese colony until 1999, when its sovereignty was transferred to China, initiating its integration process. This article attempts to estimate the consequences of this socio-economic process in terms of per capita gross domestic product (GDP). We build a panel data set spanning 1970 to 2012, with 25 countries, setting 2000 as the initial treatment year for the integration process. The analysis is carried out through two alternative methodologies: the synthetic control method and the panel data approach. The integration treatment had a significant, positive effect on Macao’s per capita GDP. As additional outcome variables, we also analyze the effects of integration on the per capita net inflow of foreign direct investment, the unemployment rate, and the per capita exports and imports of goods and services.

JEL Classification
C14: Semiparametric and Nonparametric Methods: General
C15: Statistical Simulation Methods: General
C20: General
C34: Truncated and Censored Models; Switching Regression Models
Keywords: comparative case studies | synthetic control method | panel data approach | causal inference | integration | Macao
TOOLS
PDF Links  PDF Links
Full text via DOI  Full text via DOI
Download Citation  Download Citation
Supplement  Supplement
  E-Mail
  Print
Share:      
METRICS
0
Crossref
0
Scopus
382
View
44
Download
On Effects of Market Integration on Technology Choice  2006 September;21(3)
Editorial Office
Center for Economic Integration, Sejong University, 209, Neungdong-Ro, Gwangjin-Gu,
Seoul, 05006, Korea
TEL : +82-2-3408-3338    FAX : +82-2-6935-2492   E-mail : jei@sejong.ac.kr
Browse Articles |  Current Issue |  For Authors and Reviewers |  About
Copyright© by Center for Economic Integration.      Developed in M2PI