People's Republic of China-Hong Kong Special Administrative Region

Abstract

Cover -- CONTENTS -- INCOME INEQUALITY IN HONG KONG SAR -- A. Background -- B. Empirical Analysis -- C. Policy Recommendations -- References -- TABLES -- 1. Panel Regression Estimates of the Drivers of Inequality -- 2. Summary Results from Literature on Growth and Inequality -- FINANCIAL CONDITIONS AND GROWTH-AT-RISK IN HONG KONG SAR -- References -- TABLE -- 1. Underlying FCI Variables by Category -- FIGURE -- 1. Changes in Financial Conditions Affect Growth Risks -- APPENDIX -- I. Estimation of the Conditional Quantiles -- POSSIBLE SPILLOVERS FROM INTERNATIONAL TAX REFORMS -- A. The 2018 U.S. Tax Reform and Other Recent Reforms -- B. Impact on Hong Kong SAR from U.S. Tax Rate Cut -- C. Impact from Other Reforms -- D. Conclusions -- References