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What do we know about housing supply?The case of Hong Kong SAR
《Economic and Political Studies》2020年第1期6-20,共15页Charles Ka Yui Leung Joe Cho Yiu Ng Edward Chi Ho Tang 
The authors are grateful to Nan-Kuang Chen,Terence Tai Leung Chong,Qing He,Fred Kwan,Tommy Leung,Shane Su,Byron Tsang,Matthew Yiu,and the anonymous referee for helpful discussion.The authors also express their gratitude to City University of Hong Kong and Hong Kong Shue Yan University for their financial support.Part of the research was conducted when Charles Ka Yui Leung visited the Hoover Institution,whose hospitality is gratefully acknowledged.Moreover,part of the work described in this paper is supported by the Research Grants Council of the Hong Kong Special Administrative Region,China(Project No.:UGC/FDS15/B01/18).The usual disclaimer applies.
The house price in the Hong Kong SAR of China is well-known to be‘unaffordable’.This paper relates the macroeconomy with the housing market of Hong Kong and argues that the housing supply plays a vital role in expl...
关键词：New housing supply oligopolistic market structure ownership structure real estate development real estate developers 
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