People’s Republic of China—Hong Kong Special Administrative Region: Selected Issues

International Monetary Fund

No 2006/051, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; income; market; GDP; yield; investment income; land premium; derivative warrant; land sale; Hong Kong SAR; Aging; Land prices; Stock markets; Personal income; Stocks; Asia and Pacific; Global (search for similar items in EconPapers)
Pages: 49
Date: 2006-02-13
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