A Ricardian interpretation of the provision of public housing services in Hong kong
用李嘉图理论解释香港二战后经济增长，指出住房服务作为非贸易工资品，其成本上升因土地稀缺而无法通过进口缓解，政府通过补贴房东租金收入来抑制成本增长，从而促进经济。
This paper advances a Ricardian interpretation of the post-World War II growth experience in Hong Kong. It involves a nontradeable wage good item--housing services--the provision of which is subject to increasing cost in land-scarce Hong Kong. Since this obstacle to growth cannot be bypassed via imports, the paper documents how the government has been channelling the rental income of the landlord to subsidize the provision of such services. The government has, thus, promoted growth by dampening the increases in the cost of provision of a dominant wage good. Copyright 1992 by Oxford University Press.