Page 3 - Econ project

- Enhancing hiking trails: $55 million

“No matter from the perspective of economic efficiency or the
number of users, mountain trails cannot be compared with the main
streets in the city, and the resources available to maintain mountain
trails cannot be endless."
——Wang Jiafu, Chief Lecturer, Faculty of Business and Economics,

The University of Hong Kong

➢ Low attractiveness to tourists

- The main characteristic of Hong Kong people is that they have
busy life with long hours.

- Their time cost of visiting country park is high.

- Country park is not a necessity for them.

- Their demand is inelastic.

➢ The allocation of resource is ineffective.

- The quantity demanded

for country decreases from
13.2 million in 2010 to 12

million in 2020.

- It tends to decrease in a
foreseeable future.

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