Abstract
Capital investment in transportation, such as Taiwan High Speed Railway (THSR), brings many significant impacts not only population growth, industrial development and land price at a local level, but the economical structure and spatial development pattern at a regional level. Reviewing past domestic studies, many of them predicted the impacts of THSR. Some studies had discussed the impact of THSR on local development. However, these studies usually used single station or a specific year to verify and thereby the results could not have a systematical and whole discussion. As a result, this paper used the land price indexes as analysis data to reveal the impact of THSR and applied spatial error model to explore the impacts of THSR on land price in Taiwan's towns along with THSR. All the THSR stations might be analyzed in four selected years. Moreover, a comparative analysis between different stations was conducted in this paper. The result showed the different influence in selected years, revealing the effects of THSR on land price. More importantly, the effects were affected by the existing development near the stations. The result findings could support governments for transportation investment and regional development.
| Original language | English |
|---|---|
| Pages (from-to) | 47-66 |
| Number of pages | 20 |
| Journal | Journal of Architecture and Planning |
| Volume | 14 |
| Issue number | 1 |
| Publication status | Published - 2013 Dec 19 |
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All Science Journal Classification (ASJC) codes
- Architecture
- Urban Studies
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Applying spatial hedonic price model to explore the effects of taiwan high speed railway on land price. / Tsou Prof., Ko Wan; Cheng, Hao Teng; Kuo, Hsing Fu; Yang, Tsung Ming.
In: Journal of Architecture and Planning, Vol. 14, No. 1, 19.12.2013, p. 47-66.Research output: Contribution to journal › Article
TY - JOUR
T1 - Applying spatial hedonic price model to explore the effects of taiwan high speed railway on land price
AU - Tsou Prof., Ko Wan
AU - Cheng, Hao Teng
AU - Kuo, Hsing Fu
AU - Yang, Tsung Ming
PY - 2013/12/19
Y1 - 2013/12/19
N2 - Capital investment in transportation, such as Taiwan High Speed Railway (THSR), brings many significant impacts not only population growth, industrial development and land price at a local level, but the economical structure and spatial development pattern at a regional level. Reviewing past domestic studies, many of them predicted the impacts of THSR. Some studies had discussed the impact of THSR on local development. However, these studies usually used single station or a specific year to verify and thereby the results could not have a systematical and whole discussion. As a result, this paper used the land price indexes as analysis data to reveal the impact of THSR and applied spatial error model to explore the impacts of THSR on land price in Taiwan's towns along with THSR. All the THSR stations might be analyzed in four selected years. Moreover, a comparative analysis between different stations was conducted in this paper. The result showed the different influence in selected years, revealing the effects of THSR on land price. More importantly, the effects were affected by the existing development near the stations. The result findings could support governments for transportation investment and regional development.
AB - Capital investment in transportation, such as Taiwan High Speed Railway (THSR), brings many significant impacts not only population growth, industrial development and land price at a local level, but the economical structure and spatial development pattern at a regional level. Reviewing past domestic studies, many of them predicted the impacts of THSR. Some studies had discussed the impact of THSR on local development. However, these studies usually used single station or a specific year to verify and thereby the results could not have a systematical and whole discussion. As a result, this paper used the land price indexes as analysis data to reveal the impact of THSR and applied spatial error model to explore the impacts of THSR on land price in Taiwan's towns along with THSR. All the THSR stations might be analyzed in four selected years. Moreover, a comparative analysis between different stations was conducted in this paper. The result showed the different influence in selected years, revealing the effects of THSR on land price. More importantly, the effects were affected by the existing development near the stations. The result findings could support governments for transportation investment and regional development.
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UR - http://www.scopus.com/inward/citedby.url?scp=84890346059&partnerID=8YFLogxK
M3 - Article
AN - SCOPUS:84890346059
VL - 14
SP - 47
EP - 66
JO - Journal of Architecture and Planning
JF - Journal of Architecture and Planning
SN - 1606-8238
IS - 1
ER -