People's Republic of China-Hong Kong Special Administrative Region : Selected Issues.

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 dut...

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Bibliografische gegevens
Coauteur: International Monetary Fund
Formaat: Tijdschrift
Taal:English
Gepubliceerd in: Washington, D.C. : International Monetary Fund, 2006.
Reeks:IMF Staff Country Reports; Country Report ; No. 2006/051
Online toegang:Full text available on IMF
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520 3 |a 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. 
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