Speculate a lot

IF 1.1 4区经济学 Q3 ECONOMICS

Pacific Economic Review Pub Date : 2020-08-12 DOI:10.1111/1468-0106.12340

E. Tang

引用次数: 2

Abstract

While the residential and commercial property markets in Hong Kong are extensively discussed, little attention is paid to the carpark market. This work contributes to fill the research gap in three ways. First, it provides a simple empirical model to explain carpark ratios in residential buildings. Second, it hand-collects transaction-level data and constructs a price index for the carpark market in Hong Kong. Third, it shows that changes in stamp duties increase the volatility in the carpark market. This research may shed light to the current debate on the effectiveness of the stamp duty in stabilizing the real estate market.

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多猜测

虽然香港的住宅和商业地产市场被广泛讨论，但很少关注停车场市场。这项工作从三个方面填补了研究空白。首先，它提供了一个简单的经验模型来解释住宅停车场比率。其次，它手工收集交易层面的数据，并构建香港停车场市场的价格指数。第三，这表明印花税的变化增加了停车场市场的波动性。这项研究可能会为当前关于印花税在稳定房地产市场方面的有效性的争论提供线索。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Pacific Economic Review ECONOMICS-

CiteScore

2.70

自引率

0.00%

发文量

期刊介绍： The Pacific Economic Review (PER) publishes high-quality articles in all areas of economics, both the theoretical and empirical, and welcomes in particular analyses of economic issues in the Asia-Pacific area. Published five times a year from 2007, the journal is of interest to academic, government and corporate economists. The Pacific Economic Review is the official publication of the Hong Kong Economic Association and has a strong editorial team and international board of editors. As a highly acclaimed journal, the Pacific Economic Review is a source of valuable information and insight. Contributors include Nobel Laureates and leading scholars from all over the world.