The Construction and Related Industries in a Changing Socio-Economic Environment: The Case of Hong Kong

Charles Leung and Kelvin S. Wong ()
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Kelvin S. Wong: Department of Real Estate and Construction, The University of Hong Kong, Pokfulam, Hong Kong

International Real Estate Review, 2004, vol. 7, issue 1, 139-170

Abstract: Hong Kong is well known for its “housing market bubble”. Both theoretical and empirical studies point to the supply side being the “root of all evil”. This paper takes a preliminary step in understanding the supply side of the Hong Kong market by investigating the construction and related industries. After taking into consideration of the unusual public expenditure, the construction industry seems to be “normal” in international standard. Its relationship with the aggregate economy is also examined. Directions for future research are also suggested.

Keywords: housing; construction; government policy; employment; investment (search for similar items in EconPapers)
JEL-codes: L85 (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (3)

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