People’s Republic of China; Hong Kong Special Administrative Region: Selected Issues
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.
Year of publication: |
2006-02-13
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Institutions: | International Monetary Fund (IMF) ; International Monetary Fund |
Subject: | Aging | Financial systems | Foreign investment income | Hong Kong SAR | Selected issues | Tax revenues | land sales | real property | residential land | real estate | real property prices | housing construction | housing prices |
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