Speculate a lot

Edward Chi Ho Tang

MPRA Paper from University Library of Munich, Germany

Abstract: While the residential and commercial property markets in Hong Kong are extensively discussed, little attention is paid to the carpark market. This work contributes to fill the research gap in three ways. First, it provides a simple empirical model to explain carpark ratios in residential buildings. Second, it hand-collects transaction-level data and constructs a price index for the carpark market in Hong Kong. Third, it shows that changes in stamp duties increase the volatility in the carpark market. This research may shed light to the current debate on the effectiveness of the stamp duty in stabilizing the real estate market.

Keywords: Carpark ratio; carpark price index; GARCH model; stamp duty; volatility (search for similar items in EconPapers)
JEL-codes: G18 R14 R30 (search for similar items in EconPapers)
Date: 2019-01-01
New Economics Papers: this item is included in nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/94747/1/MPRA_paper_94747.pdf original version (application/pdf)

Related works:
Journal Article: Speculate a lot (2021)
Working Paper: Speculate a Lot (2020)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:94747

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().