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Title:	大眾捷運系統對房地產價格的影響 : 以桃園機場捷運與林口地區為例 Impact of Mass Rapid Transit System on Property Values: Taoyuan Airport MRT and Linkou Area Case
Authors:	藍聖杰 Langarica Herrera, Sergio Francisco
Contributors:	吳文傑 Wu, Wen-Chieh 藍聖杰 Langarica Herrera, Sergio Francisco
Keywords:	捷運房地產 MRT Value capture Real estate Land value
Date:	2018
Issue Date:	2018-07-17 11:34:46 (UTC+8)
Abstract:	none The present research work uses both a hedonic pricing model regression and difference-in-differences model regression to empirically investigate the impacts that the construction of rapid transit system stations have on property values. It uses real estate transactions data from the Linkou area in Northern Taiwan where two stations of the recently built Taoyuan Airport MRT are located. The hedonic pricing approach finds several significant internal characteristics of the properties that contribute to the determination of real estate prices. It also finds that a measurement of distance to the closes MRT station, an exogenous characteristic to the property, has a significant impact. A price decrease of 1,536 New Taiwanese Dollars for every meter further away from the station was the result found. The difference-in-differences model found that after year 2014 those properties located within 1000 meters of the stations saw an average price increase of 709,223 New Taiwanese Dollars. This is during the construction phase of the MRT and 3 years before it commenced operations. These findings can back important public policy implications such as the potential taxation of the land-value increase to support the financing of large infrastructure projects, a value capture strategy.
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Description:	碩士國立政治大學應用經濟與社會發展英語碩士學位學程(IMES) 1052660071
Source URI:	http://thesis.lib.nccu.edu.tw/record/#G1052660071
Data Type:	thesis
DOI:	10.6814/THE.NCCU.IMES.002.2018.F06
Appears in Collections:	[International Master`s Program of Applied Economics and Social Development] Theses

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