Hong Kong is one of the most expensive places to live in the world. This paper investigates the effects of retail property rents on the rents of small/medium-sized flats in Hong Kong. It is demonstrated that tourism policies such as the Individual Visit Scheme for Mainland residents, which is...

Chinese Abstract: 美國次按危機的主要原因是100%的購房貸款，大大增加了違約風險。內地首付貸款以P2P...

This paper investigates the sources of economic fluctuations in China since its reform that started in 1978. Using the framework of a standard neoclassical open economy model with time-varying frictions (wedge), we study the relative contribution of the efficiency, labor, investment and foreign...