Hong Kong housing market theory and evidence.

by Wong Yim Chun.Thesis (M.Phil.)--Chinese University of Hong Kong, 1998.Includes bibliographical references (leaves 78-80).Abstract also in Chinese.Abstract --- p.iiAcknowledgments --- p.iiiTable of Contents --- p.ivList of Tables --- p.viList of Charts --- p.viiList of Appendices --- p.viiiChapter Chapter 1. --- Introduction --- p.1Chapter Chapter 2. --- "Inflation, Housing Price, and Economic Growth" --- p.3Chapter 2.1 --- Introduction --- p.3Chapter 2.2 --- Basic Model --- p.4Chapter 2.3 --- Results --- p.6Chapter 2.4 --- Price Index --- p.15Chapter 2.5 --- Conclusion --- p.19Chapter Chapter 3. --- Natural Vacancy Ratein Hong Kong Housing Market --- p.22Chapter 3.1 --- Introduction --- p.22Chapter 3.2 --- Price-Adjustment Mechanism and Natural Vacancy Rate --- p.23Chapter 3.3 --- Model Estimation --- p.25Chapter 3.4 --- Conclusion --- p.26Chapter Chapter 4. --- Dynamics of Property Market in Hong Kong --- p.29Chapter 4.1 --- Introduction --- p.29Chapter 4.2 --- Findings --- p.30Chapter 4.3 --- Conclusion --- p.34Appendices --- p.54Bibliography --- p.7