People’s Republic of China—Hong Kong Special Administrative Region: Selected Issues
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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.
Series:
Country Report No. 2006/051
Subject:
Aging Financial institutions Financial markets Land prices National accounts Personal income Population and demographics Prices Stock markets Stocks
English
Publication Date:
February 13, 2006
ISBN/ISSN:
9781451816945/1934-7685
Stock No:
1HKGEA2006002
Pages:
49
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