英文摘要 |
In addition to housing characteristics, environment quality and public facilities also play an important role on determining housing prices and rents. The purpose of this paper is to test if there is significant effect of environment quality and public facilities on housing prices and rents in Taiwan. Sometime it is difficult to distinguish the effect for a single factor of environment quality or a single public facilities from others. In this paper, we separate all relevant characteristics into three groups as housing characteristics, environment quality, and public facilities, and then we apply a J-test to test the importance of the three groups. Applying a cross sectional housing data in 1989 from a Survey conducted by Directorate-General of Budget, Accounting and Statistics, we find that all of the three groups have significant effect on housing prices and rents. Environment quality and public facilities are significant but less important, and we cannot tell which one has a larger effect. |