TY - JOUR
T1 - The successes and failures of a key transportation link
T2 - Accessibility effects of Taiwan's high-speed rail
AU - Andersson, David Emanuel
AU - Shyr, Oliver Feng-Yeu
AU - Lee, Angel
PY - 2012/2/1
Y1 - 2012/2/1
N2 - Taiwan does not only have a high population density; its population exhibits a strong preference for high-density downtown living. Rich Taiwanese thus live downtown, not in the suburbs. In addition, the expected negative relationship between accessibility and the spaciousness of housing is weak or non-existent in Taiwan's metropolitan areas. Taiwan should therefore be highly suited to rail transportation investments. In 2007, a new high-speed railroad was inaugurated, connecting seven metropolitan areas. Hedonic estimates show that high-speed rail accessibility has a substantial impact on house prices in at least four of the regions. Interregional downtown-to-downtown commuting time seems to be the most important determinant of success in generating a station-centered price-distance gradient. Neighborhoods around HSR stations in suburban locations are not likely to spawn residential communities for commuters, since most Taiwanese prefer downtown residential locations.
AB - Taiwan does not only have a high population density; its population exhibits a strong preference for high-density downtown living. Rich Taiwanese thus live downtown, not in the suburbs. In addition, the expected negative relationship between accessibility and the spaciousness of housing is weak or non-existent in Taiwan's metropolitan areas. Taiwan should therefore be highly suited to rail transportation investments. In 2007, a new high-speed railroad was inaugurated, connecting seven metropolitan areas. Hedonic estimates show that high-speed rail accessibility has a substantial impact on house prices in at least four of the regions. Interregional downtown-to-downtown commuting time seems to be the most important determinant of success in generating a station-centered price-distance gradient. Neighborhoods around HSR stations in suburban locations are not likely to spawn residential communities for commuters, since most Taiwanese prefer downtown residential locations.
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U2 - 10.1007/s00168-010-0405-5
DO - 10.1007/s00168-010-0405-5
M3 - Article
AN - SCOPUS:84855892079
SN - 0570-1864
VL - 48
SP - 203
EP - 223
JO - Annals of Regional Science
JF - Annals of Regional Science
IS - 1
ER -