Commodification of Development Rights and What It Does to the Urban Housing Market in Taiwan
| Autor: | Chin Oh Chang, Hsiutzu Betty Chang, Mi Shih, Ying-Hui Chiang |
|---|---|
| Rok vydání: | 2017 |
| Předmět: |
Economic growth
Commodification 05 social sciences Geography Planning and Development 0211 other engineering and technologies 0507 social and economic geography 021107 urban & regional planning 02 engineering and technology Development Urban Studies Deregulation Market economy Business 050703 geography |
| Zdroj: | Journal of Planning Education and Research. 39:194-205 |
| ISSN: | 1552-6577 0739-456X |
| DOI: | 10.1177/0739456x17737139 |
| Popis: | The enactment of the transfer of development rights (TDR) policy in Taiwan since the late 1990s is part of a broader trend of commodification and deregulation of development rights. This study examines the spillover effect of TDR on the sale prices of existing housing stock that constitutes the main housing market for the majority of urban residents. Three hedonic models, ordinary least squares (OLS) regression, quantile regression, and spatial lag regression, show that the presence of TDR utilization in real estate development is a significant price driver that generates a financial burden that disproportionally affects poor families. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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