Although it has been previously accepted that Hong Kong, Japan, Korea, Singapore, and Taiwan have achieved the 'economic miracle' of maintaining high economic growth for several decades prior to the Asian financial crisis, recent literature has now cast doubt upon this economic supposed success....

This article examines the forces driving output growth in 21 manufacturing industries at the 3-digit level in Hong Kong during the period 1976 to 1997. A varying frontier coefficients model is adopted that relaxes the assumption of homogeneous application of the best practice production...

Based on a lifetime consideration, previous research has extended Frank’s graphical model with borrowing, property taxes and moving costs to analyse the welfare effects of housing appreciation and depreciation, and has shown that appreciation can make homeowners worse off, but...