People’s Republic of China—Hong Kong Special Administrative Region: Selected Issues
February 13, 2006
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This Selected Issues paper for the People’s Republic of China—Hong Kong Special Administrative Region (SAR) reviews the residential property market and implications of an aging population. The fiscal sector impact of price fluctuations is important in Hong Kong SAR with land sales and stamp duties providing an important source of government revenue. The simulations are based on a dynamic general equilibrium system with forward-looking behavior and rational expectations. Hong Kong SAR’s revenue flows are characterized by relatively volatile nontax items.
Subject: Aging, Financial institutions, Financial markets, Land prices, National accounts, Personal income, Population and demographics, Prices, Stock markets, Stocks
Keywords: Aging, Asia and Pacific, CR, derivative warrant, GDP, Global, Hong Kong SAR, income, investment income, ISCR, land premium, Land prices, land sale, market, Personal income, Stock markets, Stocks, yield
Pages:
49
Volume:
2006
DOI:
Issue:
051
Series:
Country Report No. 2006/051
Stock No:
1HKGEA2006002
ISBN:
9781451816945
ISSN:
1934-7685
