Yiu, Matthew S.; Yu, Jun; Jin, Lu - In: Journal of Asian Economics 28 (2013) C, pp. 115-124
This study uses a newly developed bubble detection method (Phillips, Shi, and Yu, 2011) to identify real estate bubbles in the Hong Kong residential property market. Our empirical results reveal several positive bubbles in the Hong Kong residential property market, including one in 1995, a...