The Impact of Supply of Subsidized Sale Flats on Private Housing Prices in Hong Kong

AbstractIn this article, we argue that rising housing prices increase voter approval of incumbent governments because such a rise increases personal wealth, which leads to greater voter satisfaction. This effect is strongest under right-wing governments because those who benefit from rising prices—homeowners—are more likely to be right-leaning. Non-homeowners, who are more likely to vote for left-leaning parties, will view rising housing prices as a disadvantage and therefore feel the government does not serve them well, which will mitigate the advantage to left-wing governments. We find support for our arguments using both macro-level data (housing prices and government approval ratings in 16 industrialized countries between 1960 and 2017) and micro-level data (housing prices and individuals’ vote choices in the United Kingdom using the British Household Panel Survey). The findings imply that housing booms benefit incumbent governments generally and right-wing ones in particular.

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Share Contract Revisited: A New Transaction Cost Approach

Man and the Economy ◽

10.1515/me-2021-0001 ◽

2021 ◽

Vol 0 (0) ◽

Author(s):

Jian Ding ◽

Yixiao Zhou

Keyword(s):

Hong Kong ◽

Transaction Cost ◽

Empirical Studies ◽

Theoretical Explanation ◽

Empirical Testing ◽

Cost Approach ◽

Satisfactory Answer ◽

The Impact

Abstract The purpose of this paper is to explore how sharecropping contracts are chosen over fixed-rent contracts. There are two concerning issues. First, theoretical explanation has been criticized for not providing a satisfactory answer to the question as to why share contracts are chosen. Second, among the existing empirical studies, there are great controversies about the impact of variance of output. Inspired by the latest insights from (Cheung, S. N. S. 2014. Economic Explanation. Hong Kong: Arcadia Press.), this paper not only provides an explanation for the choice of share contract that is suitable for empirical testing, but also solves the puzzle over variance of output.

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The impact of SARS and COVID-19 on major trauma in Hong Kong

The American Journal of Emergency Medicine ◽

10.1016/j.ajem.2021.02.030 ◽

2021 ◽

Author(s):

Joseph Harold Walline ◽

Kevin Kei Ching Hung ◽

Janice Hiu Hung Yeung ◽

Priscilla P. Song ◽

Nai-Kwong Cheung ◽

...

Keyword(s):

Hong Kong ◽

Major Trauma ◽

The Impact

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Is it the flood, or the disclosure? An inquiry to the impact of flood risk on residential housing prices

Land Use Policy ◽

10.1016/j.landusepol.2021.105443 ◽

2021 ◽

Vol 106 ◽

pp. 105443

Author(s):

Lin-Han Chiang Hsieh

Keyword(s):

Flood Risk ◽

Housing Prices ◽

Residential Housing ◽

The Impact

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Has tourism driven house prices in Germany? Time-varying evidence since 1870

Tourism Economics ◽

10.1177/13548166211008832 ◽

2021 ◽

pp. 135481662110088

Author(s):

Sefa Awaworyi Churchill ◽

John Inekwe ◽

Kris Ivanovski

Keyword(s):

World War Ii ◽

Historical Data ◽

House Prices ◽

Housing Prices ◽

Time Varying ◽

Data Set ◽

Time Series Modelling ◽

The Impact ◽

Tourism Flows ◽

Non Parametric

Using a historical data set and recent advances in non-parametric time series modelling, we investigate the nexus between tourism flows and house prices in Germany over nearly 150 years. We use time-varying non-parametric techniques given that historical data tend to exhibit abrupt changes and other forms of non-linearities. Our findings show evidence of a time-varying effect of tourism flows on house prices, although with mixed effects. The pre-World War II time-varying estimates of tourism show both positive and negative effects on house prices. While changes in tourism flows contribute to increasing housing prices over the post-1950 period, this is short-lived, and the effect declines until the mid-1990s. However, we find a positive and significant relationship after 2000, where the impact of tourism on house prices becomes more pronounced in recent years.

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