The residential property market in Hong Kong SAR -- The implications of an aging population for Hong Kong SAR -- Sustainability of volatile fiscal revenue items -- Rapid growth and derivatives markets in Hong Kong SAR
Summary
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
