People’s Republic of China—Hong Kong Special Administrative Region: Selected Issues

February 13, 2006

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People’s Republic of China—Hong Kong Special Administrative Region: Selected Issues, (USA: International Monetary Fund, 2006) accessed November 8, 2024

Summary

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

Publication Details

Pages:

49
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/051
Stock No:

1HKGEA2006002
ISBN:

9781451816945
ISSN:

1934-7685

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