806
Views
11
CrossRef citations to date
0
Altmetric
Research Articles

What do we know about housing supply? The case of Hong Kong SAR

, &
Pages 6-20 | Received 20 Mar 2019, Accepted 04 May 2019, Published online: 18 Dec 2019

References

  • Baumol, William J., John C. Panzar, and Robert D. Willig. 1982. Contestable Markets and the Theory of Industrial Structure. San Diego, CA: Harcourt Brace Jovanovich.
  • Baumol, William J., and Robert D. Willig. 1986. “Contestability: Developments since the Book.” Oxford Economic Papers 38: 9–36.
  • Brander, James A., and Anming Zhang. 1990. “Market Conduct in the Airline Industry: An Empirical Investigation.” The RAND Journal of Economics 21: 567–583.
  • Chang, Kuang-Liang, Nan-Kuang Chen, and Charles Ka Yui Leung. 2012. “The Dynamics of Housing Returns in Singapore: How Important Are the International Transmission Mechanisms?” Regional Science and Urban Economics 42: 516–530.
  • Chang, Kuang-Liang, Nan-Kuang Chen, and Charles Ka Yui Leung. 2013. “In the Shadow of the United States: The International Transmission Effect of Asset Returns.” Pacific Economic Review 18: 1–40.
  • Chang, Kuang-Liang, Nan-Kuang Chen, and Charles Ka Yui Leung. 2015. “Losing Track of the Asset Markets: The Case of Housing and Stock.” ISER Discussion Paper 0932. Institute of Social and Economic Research, Osaka University.
  • Cheung, Yan Leung, Aristotelis Stouraitis, and Weiqiang Tan. 2010. “Does the Quality of Corporate Governance Affect Firm Valuation and Risk? Evidence from a Corporate Governance Scorecard in Hong Kong.” International Review of Finance 10: 403–432.
  • Chong, Terence Tai-Leung, and Alex Yiu. 2019. “The Nexus Between Visitor Arrivals and Residential Property Rents in Hong Kong.” Pacific Economic Review 24: 464–478.
  • Chow, Ying Foon, Chi Fai Wong, Charles Ka Yui Leung, Eddie Hin Fai Cheng, and Wai Hin Yan. 2002. Xianggang Fangdichan Shichang: Shishi yu Zhengce [Hong Kong Real Estate Market: Facts and Policies]. Hong Kong: Ming Pao Publications.
  • Demographia. 2019. 15th Annual Demographia International Housing Affordability Survey: 2019. http://demographia.com/dhi.pdf
  • DiPasquale, Denise. 1999. “Why Don’t We Know More about Housing Supply?” The Journal of Real Estate Finance and Economics 18: 9–23.
  • DiPasquale, Denise, and William C. Wheaton. 1996. Urban Economics and Real Estate Markets. Englewood Cliffs: Prentice-Hall.
  • Green, Richard K., and Stephen Malpezzi. 2003. A Primer on U.S. Housing Markets and Housing Policy. Washington D.C.: Urban Institute Press.
  • Green, Richard K., Stephen Malpezzi, and Stephen K. Mayo. 2005. “Metropolitan-specific Estimates of the Price Elasticity of Supply of Housing, and Their Sources.” American Economic Review 95: 334–339.
  • Hanushek, Eric A., Steven G. Rivkin, and Lori L. Taylor. 1996. “Aggregation and the Estimated Effects of School Resources.” The Review of Economics and Statistics 78: 611–627.
  • Huang, Daisy, Charles Ka, Yui Leung, and Baozhi Qu. 2015. “Do Bank Loans and Local Amenities Explain Chinese Urban House Prices?” China Economic Review 34: 19–38.
  • Jaggi, Bikki, Sidney Leung, and Ferdinand Gul. 2009. “Family Control, Board Independence and Earnings Management: Evidence Based on Hong Kong Firms.” Journal of Accounting and Public Policy 28: 281–300.
  • Kwan, Yum Keung, Charles Ka Yui Leung, and Jinyue Dong. 2015. “Comparing Consumption-Based Asset Pricing Models: The Case of an Asian City.” Journal of Housing Economics 28: 18–41.
  • Lee, Kim, and Lisa Barnes. 2017. “Corporate Governance and Performance in Hong Kong Founded Family Firms: Evidence from the Hang Seng Composite Industry Index.” The Journal of Developing Areas 51: 401–410.
  • Leung, Charles Ka Yui. 2004. “Macroeconomics and Housing: A Review of the Literature.” Journal of Housing Economics 13: 249–267.
  • Leung, Charles Ka Yui. 2017. “Special Issue on Housing and Financial Stability: An Introduction.” Pacific Economic Review 22: 273–275.
  • Leung, Charles Ka Yui, and Nan-Kuang Chen. 2017. “A Special Issue on Housing, Credit Markets, and the Marcoeconomy: An Introduction.” Taiwan Economic Review 45: 1–3.
  • Leung, Charles Ka Yui, Kenneth Chow, Matthew Yiu, and Dickson Tam. 2011. “House Market in Chinese Cities: Dynamic Modeling, In-sampling Fitting and Out-of-sample Forecasting.” International Real Estate Review 14: 85–117.
  • Leung, Charles Ka Yui, and Joe Cho Yiu Ng. 2019. “Macroeconomic Aspects of Housing.” In Oxford Research Encyclopedia of Economics and Finance, edited by Jonathan H. Hamilton, Avinash Dixit, Sebastian Edwards, and Kenneth Judd. Oxford University Press. Retrieved from https://oxfordre.com/economics/view/10.1093/acrefore/9780190625979.001.0001/acrefore-9780190625979-e-294
  • Leung, Charles Ka Yui, and Edward Chi Ho Tang. 2012. “Comparing Two Financial Crises: The Case of Hong Kong Real Estate Markets.” In Global Housing Markets: Crises, Institutions and Policies, edited by Ashok Bardhan, Robert H. Edelstein, and Cynthia A. Kroll, 377–398. New York: John Wiley & Sons.
  • Leung, Charles Ka Yui, and Edward Chi Ho Tang. 2015. “Availability, Affordability and Volatility: The Case of Hong Kong Housing Market.” International Real Estate Review 18: 383–428.
  • Leung, Charles Ka Yui, and Wei Wang. 2007. “Chinese Housing Market through the Lens of DiPasquale-Wheaton Model: A Graphical Attempt.” International Real Estate Review 10: 131–165.
  • Leung, Charles Ka Yui, and Siu Kei Wong. 2004. “The Construction and Related Industries in a Changing Socio-Economic Environment: The Case of Hong Kong.” International Real Estate Review 7: 139–176.
  • Martin, Stephen. 1989. “Sunk Cost, Financial Markets, and Contestability.” European Economic Review 33: 1089–1113.
  • Morrison, Steven A., and Clifford Winston. 1987. “Empirical Implications and Tests of the Contestability Hypothesis.” The Journal of Law and Economics 30: 53–66.
  • Saiz, Albert. 2010. “The Geographic Determinants of Housing Supply.” Quarterly Journal of Economics 125: 1253–1296.
  • Somerville, C. Tsuriel. 1999. “The Industrial Organization of Housing Supply: Market Activity, Land Supply and the Size of Homebuilder Firms.” Real Estate Economics 27: 669–694.
  • Spence, Michael. 1983. “Contestable Markets and the Theory of Industry Structure: A Review Article.” Journal of Economic Literature 21: 981–990.
  • Tirole, Jean. 1988. The Theory of Industrial Organization. Cambridge: MIT Press.
  • Wang, Ko, and Yuqing Zhou. 2006. “Equilibrium Real Options Exercise Strategies with Multiple Players: The Case of Real Estate Markets.” Real Estate Economics 34: 1–49.
  • Williamson, Oliver E. 1975. Markets and Hierarchies: Analysis and Antitrust Implications. New York: The Free Press.
  • Williamson, Oliver E. 1996. The Mechanisms of Governance. New York: Oxford University Press.
  • Wong, Richard Yue-Chim. 1998. On Privatizing Public Housing. Hong Kong: City University of Hong Kong Press.
  • Wu, Jing, Joseph Gyourko, and Yongheng Deng. 2012. “Evaluating Conditions in Major Chinese Housing Markets.” Regional Science and Urban Economics 42: 531–543.
  • Wu, Jing, Joseph Gyourko, and Yongheng Deng. 2016. “Evaluating the Risk of Chinese Housing Markets: What We Know and What We Need to Know.” China Economic Review 39: 91–114.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.