Hong Kong Fiscal Rules and Macroeconomic Effects, 2000-2023

Quarterly data from 2000 Q1 to 2023 Q4 used in a study analyzing fiscal rules under Hong Kong's land finance pattern. The dataset, authored by Wenwen Zhang and shared on figshare, employs Bayesian estimation and simulation to compare three fiscal rules. Results indicate the debt-responsive rule delivers optimal outcomes for stabilizing consumption, investment, and labor markets.

Use Cases

• Calibrating DSGE models based on the described Bayesian estimation framework.
• Comparing macroeconomic effects of different fiscal rules (exogenous, output-responsive, debt-responsive).
• Analyzing the impact of stamp duty shocks on net exports and government debt ratios as mentioned in the description.
• Simulating fiscal sustainability and welfare outcomes under different policy scenarios.

Strengths

• Data covers a 24-year time range from 2000 to 2023.
• Dataset is licensed under the permissive CC-BY-4.0 license.
• The underlying study methodology (Bayesian DSGE) is explicitly described.

Limitations

• Dataset size is 9.5 KB, indicating a very limited scope.
• Column-level documentation is absent; field semantics must be inferred after download.
• Row count is unknown, which may limit suitability assessment.

Provenance

Source

figshare

Collection Method

Likely contains model parameters and simulation results derived from Bayesian estimation of a DSGE model.

Time Range

2000 Q1 to 2023 Q4

Freshness

Last updated 2026-04-15 17:41:23; freshness should be verified.

Geography

Hong Kong