Why doesn＇t the Hong Kong government sell more of its enormous land holding to lower the city＇s high housing price and increase the residents＇ small living space？ We answer the question in an overlapping generatio...Why doesn＇t the Hong Kong government sell more of its enormous land holding to lower the city＇s high housing price and increase the residents＇ small living space？ We answer the question in an overlapping generations framework. We show that while a rapid and complete privatization of government land is efficient in the absence of externalities; it is made politically difficult by a compensation gap, when the losses of current property owners are greater than the government revenue from land sales. We argue that the cross-country diversity of government land ownership owes to historical incidents in some countries （such as the U.S. in the 19th century） that allowed disposal of government land without filling the compensation gap and the absence of such incidents in others （such as Hong Kong）.展开更多
Hong Kong has a long history with its high efficiency and clean and self-disciplined government.Within the past over 20 years,different social development trend has occurred in Hong Kong.The article observed the relat...Hong Kong has a long history with its high efficiency and clean and self-disciplined government.Within the past over 20 years,different social development trend has occurred in Hong Kong.The article observed the relationship between political trust from residence and public service efficiency of government in Hong Kong from 1992 to 2015 and found that the value of public service efficiency has a significant effect on political trust in Hong Kong government,the higher the efficiency of public services,the higher the political trust.The author tried to find the path for the Hong Kong government to improve its public service quality and efficiency after testifying the positive correlation between public service efficiency and residential political trust with empirical analysis.展开更多
Hong Kong’s return to China is a historic event in world affairs as well as inSino-British relations.Britain’s policy toward Hong Kong,therefore,has aninternational significance.Immediately after the British electio...Hong Kong’s return to China is a historic event in world affairs as well as inSino-British relations.Britain’s policy toward Hong Kong,therefore,has aninternational significance.Immediately after the British election in early May,theworld press were generally of the view that the Labour’s victory would make littleor no difference to the Hong Kong handover question.The appraisal still holdslargely true today.Judging from new developments since then,however,there展开更多
文摘Why doesn＇t the Hong Kong government sell more of its enormous land holding to lower the city＇s high housing price and increase the residents＇ small living space？ We answer the question in an overlapping generations framework. We show that while a rapid and complete privatization of government land is efficient in the absence of externalities; it is made politically difficult by a compensation gap, when the losses of current property owners are greater than the government revenue from land sales. We argue that the cross-country diversity of government land ownership owes to historical incidents in some countries （such as the U.S. in the 19th century） that allowed disposal of government land without filling the compensation gap and the absence of such incidents in others （such as Hong Kong）.
基金Our article is a stage achievement of the Project of the 13th Five-year Plan of Education Science of Guangdong Province:“Path to Improve Governance Capacity of Pilot Zone of Shenzhen”(2020GXJK031)the Project of Philosophy&Social of Zhuhai City:“An Investigation on National Identity of University Students from Hong Kong and Macao in Zhuhai”(2019YC052).We appreciate the support from the projects.
文摘Hong Kong has a long history with its high efficiency and clean and self-disciplined government.Within the past over 20 years,different social development trend has occurred in Hong Kong.The article observed the relationship between political trust from residence and public service efficiency of government in Hong Kong from 1992 to 2015 and found that the value of public service efficiency has a significant effect on political trust in Hong Kong government,the higher the efficiency of public services,the higher the political trust.The author tried to find the path for the Hong Kong government to improve its public service quality and efficiency after testifying the positive correlation between public service efficiency and residential political trust with empirical analysis.
文摘Hong Kong’s return to China is a historic event in world affairs as well as inSino-British relations.Britain’s policy toward Hong Kong,therefore,has aninternational significance.Immediately after the British election in early May,theworld press were generally of the view that the Labour’s victory would make littleor no difference to the Hong Kong handover question.The appraisal still holdslargely true today.Judging from new developments since then,however,there
