The widening industry earnings hole in Hong Kong has seriously hindered the balanced development of enterprise and sustained and wholesome monetary boom. therefore, it is of great significance to discover the have an impact on mechanism of industrial shape evolution on industry income gap and the connection among them. This paper takes Hong Kong’s business structure evolution and enterprise earnings gap because the research object, and comprehensively makes use of statistical facts and census facts to analyze in element the causal courting between industrial structure evolution and industry income hole. starting with the evolution of Hong Kong’s business shape, this paper follows the idea that the industrial structure determines the employment shape and as a result affects the exchange of the enterprise profits gap. Then we use agent variables which describe the nature of industrial shape evolution and enterprise income gap to behavior causality evaluation and regression evaluation to locate the dynamic and quantitative dating among them.
due to the fact its starting in 1841, Hong Kong has finished the transition from the “traditional economy” to the “business economic system” to the “provider financial system”. because the reunification, although Hong Kong has suffered a series of external shocks together with the Asian monetary crisis, SARS and the united states subprime loan crisis, that have hit its monetary boom to a sure quantity, the real monetary growth has remained at a particularly high degree. And it has regularly formed a trade logistics industry, economic offerings, professional and producer support services and tourism because the pillar industries of the economic structure. In twenty-first century, Hong Kong’s financial system became once in a downturn, but it quickly began a brand new turn to the “understanding–based economy”. on the way to sell the diversification of the neighborhood business shape, the Hong Kong SAR government has recognized six industries which have obvious benefits in Hong Kong and have capacity for further development. At the present degree, the monetary development of Hong Kong has shown a very good situation in fashionable and is the freest economy in the world. As a developed economic system, Hong Kong has long been within the top 10 in the international competitiveness index launched via the arena economic discussion board. within the cutting-edge 2017-2018 ranking, Hong Kong ranks sixth above Japan [1] .
With the rapid financial increase, the earnings hole of Hong Kong has been expanding. It has shaped a coexistence of speedy financial boom and widening earnings gap. the gap among the rich and the bad in Hong Kong has no longer changed a whole lot for the reason that reunification. Its Gini coefficient has always been a excessive level in evolved international locations or areas and has remained above zero.5 for a long time, and the distribution of income has not stepped forward with the financial growth. even though the minimum wage policy has raised the profits of low paid workers, the state of affairs of in-carrier poverty in Hong Kong is still very serious, and the profits distribution gap between industries is widening. there may be a problem of the coordination and interplay mechanism among monetary improvement and social balance. in the context of provider–orientated industrial structure in Hong Kong, this examine chooses to start with the evolution of commercial structure in Hong Kong, following the concept that industrial shape determines the employment shape after which influences the trade of enterprise profits gap. This paper attempts to take a look at the relationship among the evolution of Hong Kong’s business shape and enterprise earnings hole.
This paper is prepared as follows. firstly, this paper evaluations the applicable research literature. Then this paper clarifies the connection among industrial structure evolution and employment shape and the alternate of enterprise earnings hole caused by employment shape. furthermore, we empirically analyze the relationship between commercial shape evolution and enterprise profits gap in Hong Kong. in the end, the conclusion of this paper is drawn.
the main contribution of this paper is to speak about in detail the connection among industrial structure evolution and enterprise profits hole in Hong Kong, and to provide a new manner of wondering for the have a look at of enterprise profits hole. It additionally proves that there is a progressive mechanism and causality among commercial shape evolution and enterprise profits gap in Hong Kong, which offers a visual angle for Hong Kong to examine the way to slim the enterprise earnings gap. because of the constraints of man or woman academic stage and facts acquisition, this paper has the subsequent shortcoming. there may be no systematic theoretical model for the transmission mechanism of industrial shape and employment shape and industry income hole in Hong Kong, which isn’t always convincing sufficient, that’s expected to preserve to analyze and enhance inside the future. this is predicted to improve in future research.