Analysis of the Housing Price Differences Before and After Fourteenth Presidential Election--Cases of Taipei and Kaohsiung Cities
| Autor: | LIN, HSIN-HUI, 林欣慧 |
|---|---|
| Rok vydání: | 2017 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 105 Dr. Ing-Wen Tsai from the Democratic Progressive Party was elected to be the 14th president on January 16, 2016 in Taiwan. President Tsai has faced many political and economic challenges domestically and internationally since the day she took the office. Therefore, the real estate markets vicissitudes in Taipei and Kaohsiung before and after her presidency becomes an interesting subject to study. Previous empirical researches suggested that the political and economic situation affected the housing prices. When the political situation stabilized, it aroused consumer confidence that would reflect in stable housing market. Being a part of economic markets, real estate market is very sensitive to all the market information. The demand and supply of the real estate are highly influenced by any delicate situation that may result in price variation. Tso-You Lin’s publication in 2003 using quantitative analysis showed that the stable political and economic situation is the basic factor for stable stock market, currency exchange and housing prices. However, this study did not perform any empirical analysis. This study applied hedonic price method to analyze the housing price variation in Taipei and Kaohsiung after the presidential election day. The empirical analysis showed that the housing price in Taipei reduced significantly. In contrast, the housing price in Kaohsiung remained comparatively calm. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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