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Three Essays On Housing Market In Hong Kong : Implications For Public Policy And Macro Economy, Wai Chung, Gary Wong
Three Essays On Housing Market In Hong Kong : Implications For Public Policy And Macro Economy, Wai Chung, Gary Wong
Theses & Dissertations
The thesis contains three papers on different areas of housing study in Hong Kong. The first paper focuses on government policy in public housing privatization on housing market and its effect on the overall economy. By comparing the negative impacts of two financial crises in 1997 and 2008 on housing market, the paper tries to offer explanation for the property downturn during 1997-2003. It aims to study how a public housing privatization program would produce adverse effects on housing transactions and the economy. The second one links up the housing market and macro economy. It is found that housing sector …