Valuing Long-Term Property Rights with Anticipated Political Regime Shifts
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下载链接：
https://www.nber.org/papers/w27665
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资源简介：
We identify exposure to political risk by exploiting a unique variation around land lease extension protection after 2047 in Hong Kong's housing market due to historical arrangements under the One Country, Two Systems design. Relative to properties that have been promised an extension protection,
提供机构：
美国国家经济研究局
创建时间：
2020-08-01
