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Author: International Monetary
Publisher: International Monetary Fund
Published: 2022-03-07
Total Pages: 28
ISBN-13:
DOWNLOAD EBOOKPeople’s Republic of China—Hong Kong Special Administrative Region: Selected Issues
Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 2000-04-06
Total Pages: 102
ISBN-13: 1451816898
DOWNLOAD EBOOKThis study estimates quantitative, industry-level measures of the intensity of competition and also discusses various methodologies and data used for measuring competition. The following data are also included in the study: gross fixed capital formation, selected price indicators, labor force, employment, and unemployment, property market development, public expenditure by function, monetary indicators, balance sheet of all authorized institutions, equity price developments, exchange fund balance sheet, wages, labor productivity, public expenditure by function, revenue, government expenditure under the general revenue account, and so on.
Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 2007-01-08
Total Pages: 43
ISBN-13: 1451816952
DOWNLOAD EBOOKThis Selected Issues paper reviews medium-term fiscal challenges for Hong Kong Special Administrative Region (Hong Kong SAR). It focuses on key considerations that need to be evaluated when formulating a medium-term reserves policy in the face of fiscal challenges, such as accommodating future spending pressures and revenue fluctuations. The broad conclusion of the paper is that fiscal reserves will likely remain an important feature of future fiscal policy. The paper also discusses more general aspects of Hong Kong SAR’s economy’s competitiveness, and the outlook for Hong Kong SAR’s financial center.
Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 2018-01-22
Total Pages: 59
ISBN-13: 1484338413
DOWNLOAD EBOOKThis Selected Issues paper examines medium-term fiscal prospects and policy recommendations for Hong Kong Special Administrative Region (SAR). Hong Kong SAR’s fiscal framework has worked well over the last 20 years but challenges have emerged that will strain the fiscal position in the medium to long term. Consequently, while fiscal space is ample currently, it could become gradually constrained over time. The fiscal rule should be implemented flexibly and revenue mobilization needs to be considered down the road. On the expenditure side, containment will be hard, given rapid aging and still high inequality. The challenge will be to maintain investment and boost land supply while increasing social spending to guarantee that those who need support are effectively protected.
Author: International Monetary Fund. Asia and Pacific Dept
Publisher: International Monetary Fund
Published: 2019-01-24
Total Pages: 32
ISBN-13: 1484395778
DOWNLOAD EBOOKThis Selected Issues paper discusses income inequality in Hong Kong Special Administrative Region (SAR). Income inequality in Hong Kong SAR remains high, despite declining recently. Redistributive policies implemented by the authorities have helped to lower income inequality. However, inequality is likely to rise in the medium-term due to aging and thus more needs to be done. A package of policies could lower the Gini index by 3–4 points by 2050 including: more progressive salaries tax; higher reliance on recurrent property taxes; and increased public expenditure on social welfare, health, housing, education and childcare. According to recent evidence in the literature, these policies could also boost growth by 0.2–0.5 percentage points per year. Public spending on social welfare could continue to be raised to boost redistribution and increase access of poorer households. Spending on education and childcare should be raised to help lower the market income inequality directly. The commissioned study aiming to determine the demand and supply for childcare services and map out the long-term service development programs, as well as the initiatives mentioned in the 2018 Policy Address, should help in this regard.
Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 2018-01-22
Total Pages: 59
ISBN-13: 1484338375
DOWNLOAD EBOOKThis Selected Issues paper examines medium-term fiscal prospects and policy recommendations for Hong Kong Special Administrative Region (SAR). Hong Kong SAR’s fiscal framework has worked well over the last 20 years but challenges have emerged that will strain the fiscal position in the medium to long term. Consequently, while fiscal space is ample currently, it could become gradually constrained over time. The fiscal rule should be implemented flexibly and revenue mobilization needs to be considered down the road. On the expenditure side, containment will be hard, given rapid aging and still high inequality. The challenge will be to maintain investment and boost land supply while increasing social spending to guarantee that those who need support are effectively protected.
Author:
Publisher:
Published: 2007
Total Pages: 48
ISBN-13:
DOWNLOAD EBOOKAuthor: International Monetary Fund. Asia and Pacific Dept
Publisher: International Monetary Fund
Published: 2017-01-12
Total Pages: 66
ISBN-13: 1475566034
DOWNLOAD EBOOKThis 2016 Article IV Consultation highlights that with a soft global trade environment and a downturn in tourism arrivals from Mainland China, the growth rate of Hong Kong Special Administrative Region is expected to have slowed to 1.5 percent in 2016. Growth is likely to pick up modestly to about 2 percent in 2017, with private consumption continuing to be a main driver supported by a steady labor market. The current account surplus remained below 3 percent of GDP. Over the longer term, aging pressures may weaken the structural fiscal position, requiring fiscal planning to alleviate the decline, and a housing supply shortage also needs to be tackled.
Author: Richard C. Bush
Publisher: Brookings Institution Press
Published: 2016-10-11
Total Pages: 255
ISBN-13: 0815728131
DOWNLOAD EBOOKA close-up look at the struggle for democracy in Hong Kong. Hong Kong in the Shadow of China is a reflection on the recent political turmoil in Hong Kong during which the Chinese government insisted on gradual movement toward electoral democracy and hundreds of thousands of protesters occupied major thoroughfares to push for full democracy now. Fueling this struggle is deep public resentment over growing inequality and how the political system—established by China and dominated by the local business community—reinforces the divide been those who have profited immensely and those who struggle for basics such as housing. Richard Bush, director of the Brookings Institution’s Center on East Asia Policy Studies, takes us inside the demonstrations and the demands of the demonstrators and then pulls back to critically explore what Hong Kong and China must do to ensure both economic competitiveness and good governance and the implications of Hong Kong developments for United States policy.
