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Articles 1 - 13 of 13

Full-Text Articles in Social and Behavioral Sciences

A General Framework For Price Regulation Of Airports, Sock Yong Phang Nov 2016

A General Framework For Price Regulation Of Airports, Sock Yong Phang

PHANG Sock Yong

Price cap regulation (PCR) was first implemented for privatized utilities in the UK in the 1980s. It has since been adopted by numerous countries as a regulatory regime in several sectors. This paper focuses on the development of different forms of price regulation of airports of which PCR is one variant. In countries where airport privatization is still in the early stages, the spectrum of airports and varied nature of regulatory regimes can be confusing and the lack of a general framework can itself become an obstacle to privatization. This paper proposes a general framework comprising decisions to be made …


Home Prices And Inequality: Singapore Versus Other 'Global Superstar Cities', S Y Phang Apr 2015

Home Prices And Inequality: Singapore Versus Other 'Global Superstar Cities', S Y Phang

PHANG Sock Yong

No abstract provided.


Superstar Cities, Inequality And Housing Policy, S Y Phang Mar 2015

Superstar Cities, Inequality And Housing Policy, S Y Phang

PHANG Sock Yong

Income and wealth inequality have been constantly debated, especially in recent years. Most studies, such as the recent work by Thomas Piketty, compare inequality across countries and over time. National inequality measures, however, mask considerable variations across cities within the same country. A country’s biggest and most economically dynamic cities also tend to have the largest inequality gaps. These cities – what Joseph Gyourko calls “Superstar Cities” – are also distinguished by their high housing prices. Migration in and out of cities limits the extent to which Superstar Cities can use local redistributive policies (including housing policies) to reduce inequality. …


Managing Private Vehicles In Asian Cities, S Y Phang Jun 2014

Managing Private Vehicles In Asian Cities, S Y Phang

PHANG Sock Yong

No abstract provided.


Do Singaporeans Spend Too Much On Housing?, Sock Yong Phang Jun 2013

Do Singaporeans Spend Too Much On Housing?, Sock Yong Phang

PHANG Sock Yong

According to a 2011 IMF study, Singapore's level of government intervention in housing finance is the highest in the developed world (Slide 3). This level of intervention in housing finance has correspondingly produced the highest level of homeownership amongst advanced countries. This housing outcome is the result of our very unique HDB-CPF housing framework – an institutional framework that was established in the 1960s during the formative period of our country?s history (Slides 4 and 5). Singapore was, at that particular point in time, faced with a situation of chronic housing shortage, low homeownership rates and an underdeveloped housing mortgage …


Port Multipliers For Singapore: Impact On Income, Output, And Employment, Rex S. Toh, Sock-Yong Phang, Habibullah Khan Dec 2010

Port Multipliers For Singapore: Impact On Income, Output, And Employment, Rex S. Toh, Sock-Yong Phang, Habibullah Khan

PHANG Sock Yong

This article examines the contribution of the activities of the Port of Singapore Authority (PSA), a government-owned statutory board which operates almost all of the port related activities in Singapore, to the prosperity of the entire country, by way of multiplier analysis. Input-output analysis is used to compute the income, output, and employment multipliers of port activities, broken down into direct, indirect, and induced effects. The policy implications on port investment and maritime policy follow.


An Evaluation Of Car-Ownership And Car-Usage Policies In Singapore, Sock-Yong Phang, Anthony Chin Dec 2010

An Evaluation Of Car-Ownership And Car-Usage Policies In Singapore, Sock-Yong Phang, Anthony Chin

PHANG Sock Yong

Report presented to Parliament 2 January 1990 as part of Select Committee on Land Transportation Policy. Covers the transportation policies of Singapore from 1960s to 1980s. Analysis of car ownership policies, including PARF. Analysis of car usage policies.


Public Private Partnership In Urban Rail Transit: Recent International Experience, Sock-Yong Phang Dec 2010

Public Private Partnership In Urban Rail Transit: Recent International Experience, Sock-Yong Phang

PHANG Sock Yong

No abstract provided.


Port Multipliers For Singapore: Impact On Income, Output, And Employment, Rex S. Toh, Sock-Yong Phang, Habibullah Khan Dec 2010

Port Multipliers For Singapore: Impact On Income, Output, And Employment, Rex S. Toh, Sock-Yong Phang, Habibullah Khan

PHANG Sock Yong

This article examines the contribution of the activities of the Port of Singapore Authority (PSA), a government-owned statutory board which operates almost all of the port related activities in Singapore, to the prosperity of the entire country, by way of multiplier analysis. Input-output analysis is used to compute the income, output, and employment multipliers of port activities, broken down into direct, indirect, and induced effects. The policy implications on port investment and maritime policy follow.


Hong Kong And Singapore, Sock-Yong Phang Dec 2010

Hong Kong And Singapore, Sock-Yong Phang

PHANG Sock Yong

No abstract provided.


Book Review Of Competition Law And Policy In Singapore, By Cavinder Bull, Lim Chong Kin, Academy Publishing, Singapore, 2009, Sock-Yong Phang Dec 2010

Book Review Of Competition Law And Policy In Singapore, By Cavinder Bull, Lim Chong Kin, Academy Publishing, Singapore, 2009, Sock-Yong Phang

PHANG Sock Yong

No abstract provided.


Motor Vehicle Taxes As An Environmental Management Instrument: The Case Of Singapore, Ngee-Choon Chia, Sock-Yong Phang Dec 2010

Motor Vehicle Taxes As An Environmental Management Instrument: The Case Of Singapore, Ngee-Choon Chia, Sock-Yong Phang

PHANG Sock Yong

No abstract provided.


Road Congestion Pricing In Singapore: 1975-2003, Sock-Yong Phang, Rex S. Toh Dec 2010

Road Congestion Pricing In Singapore: 1975-2003, Sock-Yong Phang, Rex S. Toh

PHANG Sock Yong

Facing traffic congestion in the Central Business District and enormous demands on scarce land resources by the growing number of motor vehicles, Singapore, a small island city-state the size of Seattle, embarked on a bold decision to reduce road congestion by implementing the famous Area Licensing Scheme in 1975. This was a manual system of tolls for multiple entries into the Restricted Zone. While achieving the intended effect of cutting down on the volume of vehicular traffic in the Restricted Zone, the authors (and others) found that the problem of congestion had merely shifted in time and place. Many changes …