Housing supply elasticity and government-owned land: evidence from Hong Kong
研究了土地所有权对住房供给弹性的影响，发现政府所有土地因开发成本优势能显著增加供给弹性，对香港2003-2018年数据的分析证实了这一点。
Abstract Housing supply elasticity is known to be related to three types of development constraints: topography, regulations, and scarcity of undeveloped land. This article shows that land ownership can also explain the spatial heterogeneity in supply elasticity if development costs differ between private and public land. Using data from Hong Kong (2003–2018), where government-owned land is common and has development advantages, this article confirms that the availability of government land contributes significantly to housing supply elasticity, in addition to the three constraints. This article sheds light on the potential of utilizing public land to increase housing supply.