英文摘要 |
This study seeks to provide insights of Taiwan’s Idle Spaces, which involves investment failure and the “reuse policy” issues. To further elaborate on the causes of Idle Spaces, this study also provides theoretical interpretation of principal-agent theory and rent-seeking and political geography theory. By means of Multiple Correspondence Analysis, the data analyzed were the Public Construction Commission announced a total of 515 cases, between 1977 and 2014, related to Idle Spaces in Taiwan. The study found that the relationship between the project and the construction interest group would create “the Civil Engineering Construction Industrial Complex.” The causes of Idle Space were: Infrastructure projects were failure to meet the local actual needs that led to Idle Spaces. The larger scale the project, the fewer done the market assessment, which without any association with demography, population density, and financial pressure. To meet the political policies, most projects of Idle Spaces are focused on, the cash flow investment, to public-owned land, and building reuse. Since political agents are mostly affected by campaign pressure, it often leads to the incompletion of infrastructure projects, which corresponds to the discourse of ballot-seeking and political geography theory. However, many are concerned that even though infrastructure investment promotes economic development and social welfare prosperity, it also leads to government financial deficits. Ultimately, a better market assessment system, fewer political intervention, and encouraging local participation as an inspection would reduce the number of Idle Spaces in Taiwan. |