The Construction and Related Industries in a Changing Socio-Economic Environment: The case of Hong Kong„X
AbstractHong Kong is well known for its "housing market bubble". Both theoretical and empirical studies point to the supply side being the "root of all evil". This paper takes a preliminary step in understanding the supply side of the Hong Kong market by investigating the construction and related industries. After taking into consideration of the unusual public expenditure, the construction industry seems to be "normal" in international standard. Its relationship with the aggregate economy is also examined. Directions for future research are also suggested.
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Bibliographic InfoPaper provided by Chinese University of Hong Kong, Department of Economics in its series Discussion Papers with number 00011.
Date of creation: Oct 2004
Date of revision: May 2005
Contact details of provider:
housing; construction; government policy; employment; investment;
Other versions of this item:
- Charles K. Leung & Kelvin S. Wong, 2004. "The Construction and Related Industries in a Changing Socio-Economic Environment: The Case of Hong Kong," International Real Estate Review, Asian Real Estate Society, vol. 7(1), pages 139-170.
- E0 - Macroeconomics and Monetary Economics - - General
- E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
- R0 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-05-29 (All new papers)
- NEP-GEO-2005-05-29 (Economic Geography)
- NEP-MAC-2005-05-29 (Macroeconomics)
- NEP-TRA-2005-05-29 (Transition Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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