Housing as a mover of the domestic economy

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Abstract

This chapter explains the important role of housing in the economy. Housing is not only important as collateral for loans for small and medium enterprises, but is also a magnet to keep spending on the domestic economy. It takes the role of a transmission mechanism so that earnings from exports are kept in the domestic economy.
Original languageEnglish
Title of host publicationThe July 1 protest rally: Interpreting a historic event
EditorsJoseph Y. S. CHENG
Place of PublicationHong Kong
PublisherCity University of Hong Kong Press
Chapter10
Pages307-335
Number of pages29
ISBN (Print)9629371138
Publication statusPublished - 2005

Keywords

  • Housing
  • Hong Kong

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