Causality (cause-result) | Shenzhen | Hong Kong | ||||
Obs | F-Statistic | Prob | Obs | F-Statistic | Prob | |
TFP growth rate- Employment proportion growth rate | 9 | 5.5287 | 0.0706* | 9 | 0.0157 | 0.9845 |
Employment proportion growth rate - TFP growth rate | 0.3676 | 0.7136 | 1.7641 | 0.2823 | ||
Employment proportion growth rate - Labour costs growth rate | 10 | 0.1961 | 0.6712 | 10 | 16.5130 | 0.0048*** |
Labour costs growth rate- Employment proportion growth rate | 0.4207 | 0.5373 | 0.9835 | 0.3544 | ||
Labour costs growth rate - Economic growth rate | 9 | 5.5287 | 0.0706* | 9 | 0.0157 | 0.9845 |
Economic growth rate - Labour costs growth rate | 0.3676 | 0.7136 | 1.7641 | 0.2823 |