chapter  12
10 Pages

Trade Elasticities of the Export-Oriented Household Electrical Appliances Industry of Hong Kong

The household electrical appliances industry was first established in Hong Kong in the 1950s. In 1955, only three factories produced electric fans, heaters, electric hair-dressing apparatus, kitchen appliances, and irons. The number of workers in the industry increased from 111 in 1955 to a peak of 21,200 in 1987, and the output of the industry jumped from HK$5 million in 1955 to a maximum of HK$7.558 billion in 1987. More than 90 percent of the electrical appliances produced are for export.