都市更新計畫對周邊房價影響之外溢效果： 臺灣的實證研究

以作者查詢圖書館館藏

、以作者查詢臺灣博碩士

、以作者查詢全國書目

、勘誤回報

、線上人數：60

、訪客IP：3.144.43.194

姓名

張家綺(Jia-Qi Zhang) 查詢紙本館藏

畢業系所

財務金融學系

論文名稱

都市更新計畫對周邊房價影響之外溢效果：臺灣的實證研究
(The spillover effect of urban renewal on the surrounding housing prices: Evidence in Taiwan)

相關論文

★ 董事會性別多樣性與現金持有比例之關聯性－以上市公司為例	★ 應計品質、不動產持有與企業融資
★ 外匯避險策略探討－以個案公司為例	★ 探討員工提案採納之特性-以A銀行為例
★ 銀行辦理新冠肺炎疫情紓困案之研究-以A銀行某分行為例	★ 信用風險加權風險性資產、風險權數與銀行經營項目之關係
★ 分行盈餘之決定因素：以T銀行之個案分析為例	★ 台灣半導體未上市公司股權評價之個案研究：以A公司為例
★ 台灣上市公司股利政策與經濟景氣循環之關係	★ 從以房養老到房貸資產活化－以個案分析為例
★ 台灣LED未上市企業評價之個案研究	★ 留房安養財富傳承—以香港中產夫婦個案分析為例
★ 信託行為規劃與租稅效益之個案分析	★ 臺灣上市櫃公司不動產持有程度之影響因素
★ Corporate social responsibility and stock price crash risk: Evidence from Taiwan	★ 東協國家匯率變動對赴當地投資台商公司績效之影響

檔案

[Endnote RIS 格式]

[Bibtex 格式]

[相關文章]

[文章引用]

[完整記錄]

[館藏目錄]

[檢視]

[下載]

本電子論文使用權限為同意立即開放。
已達開放權限電子全文僅授權使用者為學術研究之目的，進行個人非營利性質之檢索、閱讀、列印。
請遵守中華民國著作權法之相關規定，切勿任意重製、散佈、改作、轉貼、播送，以免觸法。

摘要(中)

本研究蒐集內政部都更事業自2015年至2018年的都更核定案例，採用每一筆案例周圍200公尺內、曾於2012年8月至2020年8月交易的不動產作為研究樣本，共計22,470筆資料。利用特徵價格模型，並以最小平方法與年份固定效果進行迴歸分析，以分析都市更新計畫對全臺各區域之核定案件周邊房屋價格影響。本研究探討都市更新對周圍房價影響的三項外溢效果：分別為都更核定的宣告效果、核定區域範圍影響的外溢效果、以及都更計畫核定後對附近建築重建選擇權價值的影響。實證結果顯示，就整體都更效果而言，全臺灣、臺北市以及新北市地區，都更計畫核定後會提升周圍房價，亦即有正面的外溢效果。然而，以都更核定件數占比最高的臺北市（69.8%）和新北市 (15.9%) 為例，前者的整體正面外溢效果，主要是來自核定之宣告效果與核定範圍兩者之影響，反之後者之正面效果則是來自提昇周邊建築的重建選擇權價值所導致。由於核定都市更新計畫後對臺灣不同區域之外溢效果並不相同，本研究的政策意涵為，政府可考慮採取相應的都更政策，使臺灣民眾擁有舒適美化的居住環境。

摘要(英)

This study investigates how the approval of urban renewal projects affects the prices of surrounding properties in all regions of Taiwan by using Hedonic pricing models. The sample of this study is drawn from the real housing transaction data between August 2012 and August 2020 published by Taiwan Economic Journal (TEJ), and is limited to those of properties within 200 meters of urban renewal cases approved by the Ministry of Interior from 2015 to 2018. The empirical analysis resulting from employing multiple regression analysis with year fixed effect aims to research the spillover effects of the approval of urban renewal projects on surrounding housing prices, where I consider the separated impacts from (1) the approval of urban renewal projects, (2) the size of the area which has been approved to renew, and (3) how the approval of urban renewal projects effects on the value of the “redevelopment options” of surrounding properties. The empirical results of this study are as follows. First, there exist a positive spillover effect for the whole Taiwan, or for Taipei city or New Taipei city where the housing prices in the surrounding area have increased after the approval of an urban renewal project. Secondly, the detailed spillover effects in Taipei city differ from that of New Taipei city where most and second most renewal projects are developed, respectively. That is, the overall positive spillover effect for Taipei city is mainly from the influence of both the approval of urban renewal projects, and the site size of those projects. By contrary, the overall positive spillover effect in New Taipei city mainly results from the impact that the properties nearby the renewal sites obtaining higher options value of redevelopment after the approval. The policy implication of this study is that the Government may consider adopting different urban renewal policies accordingly, so as to improve both the housing and environmental conditions in Taiwan.

關鍵字(中)

★ 都市更新
★ 特徵價格
★ 外溢效果
★ 都更範圍
★ 重建實質選擇權

關鍵字(英)

★ Urban renewal
★ Hedonic pricing models
★ Spillover effect
★ Urban renewal size
★ Redevelopment options

論文目次

中文摘要 i
ABSTRACT ii
誌謝 iii
目錄 iv
圖目錄 v
表目錄 vi
一、緒論 1
1-1 研究背景與動機 1
1-2 研究目的 2
1-3 論文架構 3
1-4 研究流程 4
二、文獻回顧及研究假設 5
2-1 文獻回顧 5
2-2 研究假說 10
三、樣本資料以及研究方法 13
3-1 樣本資料 13
3-2 變數衡量、定義及實證模型設計 15
3-3 實證模型 21
四、實證結果 26
4-1 敘述統計量 26
4-2 迴歸分析結果 32
五、結論 51
5-1 實證結果討論與結論 51
5-2 穩健性分析與研究建議 54
參考文獻 56

參考文獻

中文文獻：
［1］高伊葦，「都市更新會造成周圍地區住宅價格上漲嗎?-台北市都市更新價格外溢之探討」，國立政治大學，地政學系碩士論文，民國104年。
［2］梁仁旭：都市更新方式外溢效果之比較研究。2009年9月7日，
取自http://ir.lib.pccu.edu.tw/handle/987654321/2138。

英文文獻：
［1］Ahlfeldt, G. M., “ Blessing or curse? Appreciation, amenities and resistance to urban renewal ”, Regional Science and Urban Economics, 41(1), 32-45, 2011.
［2］Ahlfeldt, G. M., Maennig, W., & Richter, F. J., “ Urban renewal after the Berlin Wall: a place-based policy evaluation ”, Journal of Economic Geography, 17(1), 129-156, 2017.
［3］Ball, M. J., “ Recent empirical work on the determinants of relative house prices ”, Urban Studies, 10(2), 213-233, 1973.
［4］Carroll, T. M., Clauretie, T. M., & Jensen, J., “ Living next to godliness: Residential property values and churches ”, The Journal of Real Estate Finance and Economics, 12(3), 319-330, 1996.
［5］Chau, K., & Wong, S. K., “ Externalities of urban renewal: A real option perspective ”, The Journal of Real Estate Finance and Economics, 48(3), 546-560, 2014.
［6］Chau, K. W., & Chin, T., “A critical review of literature on the hedonic price model ”, International Journal for Housing Science and Its Applications, 27(2), 145-165, 2003.
［7］Clapp, J. M., Jou, J. B., & Lee, T., “ Hedonic models with redevelopment options under uncertainty ”, Real Estate Economics, 40(2), 197-216, 2012.
［8］Clapp, J. M., & Salavei, K., “ Hedonic pricing with redevelopment options: A new approach to estimating depreciation effects ”, Journal of Urban Economics, 67(3), 362-377, 2010.
［9］Clark, D. E., & Herrin, W. E., “ The impact of public school attributes on home sale prices in California ”, Growth and Change, 31(3), 385-407, 2000.
［10］Court, A. T., Hedonic price indexes with automotive examples in the dynamics of automobile demand., New York, 99-117, 1939.
［11］Forrest, D., Glen, J., & Ward, R., “ The impact of a light rail system on the structure of house prices: a hedonic longitudinal study ”, Journal of Transport Economics and Policy, 31(4), 15-29, 1996.
［12］Freeman, A. M., “ Hedonic prices, property values and measuring environmental benefits: A survey of the issues ”, Scandinavian Journal of Economics, 81(2), 154-171, 1979.
［13］Garrod, G. D., & Willis, K. G., “ Valuing goods′ characteristics: an application of the hedonic price method to environmental attributes ”, Journal of Environmental Management, 34(1), 59-76, 1992.
［14］Immergluck, D., “ Large redevelopment initiatives, housing values and gentrification: the case of the Atlanta Beltline ”, Urban Studies, 46(8), 1723-1745, 2009.
［15］Lai, L. W., Chau, K. W., Yiu, E. C., Wong, K. S., Wong, W. S., & Chan, P. Y., “ Measuring and interpreting the effects of a public-sector-led urban renewal project on housing prices—An empirical study of a comprehensive development area zone developed upon ‘taking’ in Hong Kong ”, Environment and Planning B: Planning and Design, 34(3), 524-538, 2007.
［16］Lancaster, K. J., “ A new approach to consumer theory ”, Journal of Political Economy, 74(2), 132-157, 1966.
［17］Lee, C. C., Liang, C. M., & Chen, C. Y., “ The impact of urban renewal on neighborhood housing prices in Taipei: an application of the difference-in-difference method ”, Journal of Housing and The Built Environment, 32(3), 407-428, 2017.
［18］Leggett, C. G., & Bockstael, N. E., “ Evidence of the effects of water quality on residential land prices ”, Journal of Environmental Economics and Management, 39(2), 121-144, 2000.
［19］Malpezzi, S., & O’Sullivan, T., Gibb, K. (Eds.), Hedonic pricing models: A selective and applied research. Housing Economics and Public Policy., Blackwell Science, Oxford, 2003.
［20］Pavlov, A., & Blazenko, G. W., “ The neighborhood effect of real estate maintenance ”, The Journal of Real Estate Finance and Economics, 30(4), 327-340, 2005.
［21］Rosen, S., “ Hedonic prices and implicit markets: product differentiation in pure competition ”, Journal of Political Economy, 82(1), 34-55, 1974.
［22］Rosenthal, S. S., & Helsley, R. W., “ Redevelopment and the urban land price gradient ”, Journal of Urban Economics, 35(2), 182-200, 1994.
［23］Sirmans, S., Macpherson, D., & Zietz, E., “ The composition of hedonic pricing models ”, Journal of Real Estate Literature, 13(1), 1-44, 2005.
［24］Sirpal, R., “ Empirical modeling of the relative impacts of various sizes of shopping centers on the values of surrounding residential properties ”, Journal of Real Estate Research, 9(4), 487-505, 1994.
［25］Yau, Y., “ Does comprehensive redevelopment change the housing price gradient? A case study in Mongkok, Hong Kong ”, Urbaniizziv, 22(2), 98-106, 2011.
［26］Yau, Y., Ho, D. C. W., & Chau, K. W., “ Determinants of the safety performance of private multi-storey residential buildings in Hong Kong ”, Social Indicators Research, 89(3), 501-521, 2008.
［27］Zietz, J., Zietz, E. N., & Sirmans, G. S., “ Determinants of house prices: a quantile regression approach ”, The Journal of Real Estate Finance and Economics, 37(4), 317-333, 2008.

指導教授

李丹

審核日期

2021-6-30

推文