Yue Chim Richard Wong 王于漸
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Restrictive Regulations and Rising Housing Prices

By admin On 2016/09/28 · Add Comment · 5,483 views
(This essay was published in Hong Kong Economic Journal on 28 September 2016.) Why have property prices risen steadily since 1984, punctured only by the Asian financial crisis and the ensuing recession of 1997-2003? There are three explanations, two are demand side factors and the third is a supply side factor.
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Stark Housing Realities

By admin On 2016/09/28 · Add Comment · 2,865 views
(This essay was published in South China Morning Post on 28 September 2016.)
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Unlocking Development Gridlock in the New Territories

By admin On 2016/09/21 · Add Comment · 3,166 views
(This essay was published in Hong Kong Economic Journal on 21 September 2016.) Newly elected lawmaker Eddie Chu Hoi-dick has declared war on land corruption deals in the New Territories and vowed to fight “government-developer-rural-triad cronyism.” He wants to make land deals more transparent, permit greater democratic participation in the cause of greater social justice, especially for rural squatters, and champion a lifestyle of rural tranquility.
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How to Solve the Rural Land Development Challenge

By admin On 2016/09/21 · Add Comment · 2,347 views
(This essay was published in South China Morning Post on 21 September 2016.)
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After the LegCo Elections: Where Are We and How Did We Get Here?

By admin On 2016/09/14 · Add Comment · 2,702 views
(This essay was published in Hong Kong Economic Journal on 14 September 2016.) Hong Kong is in the grip of two emotive forces. The politics of anger is about the rising economic divide that grew out of China’s opening and economic globalization since 1980. The politics of fear is a continuing anxiety over whether Beijing will end the previous way of life. The politics of fear gets in the way of finding a solution for the politics of anger. And in producing political paralysis, each force fuels the other.
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Political Gridlock in Hong Kong

By admin On 2016/09/14 · Add Comment · 3,576 views
(This essay was published in South China Morning Post on 14 September 2016.)
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Let Prices Work in the Taxi Business

By admin On 2016/09/07 · Add Comment · 3,316 views
(This essay was published in Hong Kong Economic Journal on 7 September 2016.) The interests of existing taxi license holders and drivers would not be harmed by deregulation. But they would come under pressure to innovate and compete. It is conceivable the widespread adoption of online contracting could reduce cruising on the streets and reduce both congestion and emissions. The number of premium taxis need not be predetermined by a regulatory body on an experimental basis for a pre-committed number of years, but rather by market competition.
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Hong Kong’s Changing Taxi Industry Needs Regulatory Update

By admin On 2016/09/07 · Add Comment · 2,726 views
(This essay was published in South China Morning Post on 7 September 2016.)
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The Logic of Universal Pensions and the Way Forward

By admin On 2016/06/29 · Add Comment · 2,605 views
(This essay was published in Hong Kong Economic Journal on 29 June 2016.) Such an approach would avoid putting extra pressure on public expenditure and would bring in resources to government to fund future government housing supply. Savings in public housing expenditure, and from not introducing a universal social pensions scheme, would provide much needed funding to support future medical expenditure growth due to population ageing.
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Pension Factor

By admin On 2016/06/29 · Add Comment · 2,993 views
(This essay was published in South China Morning Post on 29 June 2016.)
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Why Has Rent Seeking Grown in Hong Kong?

By admin On 2016/06/22 · Add Comment · 3,697 views
(This essay was published in Hong Kong Economic Journal on 22 June 2016.) These different indicators all measure different things. Such is the picture of the modern 21st century economy that Hong Kong is a leader in all these indicators, and is reflecting the way the world is heading today.
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Why Has Rent Seeking Grown in Hong Kong?

By admin On 2016/06/22 · Add Comment · 1,937 views
(This essay was published in South China Morning Post on 22 June 2016.)
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Why is Rent Seeking So Bad for Competition, Growth and Freedom?

By admin On 2016/06/15 · Add Comment · 6,101 views
(This essay was published in Hong Kong Economic Journal on 15 June 2016.) Rent seeking reduces market competition and limits freedom of choice. It is not only bad for economic growth because most rents are ultimately dissipated, but produces divided societies and non-inclusive polities.
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Rent Seeking Just Bad

By admin On 2016/06/15 · Add Comment · 3,001 views
(This essay was published in South China Morning Post on 15 June 2016.)
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Promoting Competition Must Focus on Government Regulation

By admin On 2016/06/08 · Add Comment · 2,627 views
(This essay was published in Hong Kong Economic Journal on 8 June 2016.) Government regulations are the key source of most forms of non-competitive market practice in Hong Kong. Key sectors in the economy suffer from this ailment, and it would be a great service if the Competition Commission would use its powers granted by legislation to bring about some improvement.
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