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The spatial spillover effect of local fiscal expenditure in regional housing market: the case of Taiwan
Abstract To effectively distribute resources and formulate policies, governments and enterprises usually need to obtain accurate geographical information about housing transaction volumes. In this study, the data of counties and cities in Taiwan from 2009 to 2018 were used for the analysis. First, Moran’s I was adopted to test the degree of spatial autocorrelation of the housing transaction volumes of the counties and cities, and GeoDa, a piece of spatial statistical software, was utilized to draw the spatial distribution and local indicators of spatial association cluster of the housing transaction volumes of the counties and cities in Taiwan. After the explanatory comparison between the panel data model and multiple spatial economic models, the Spatial Durbin Model was employed to explore the direct effects on local housing transaction volumes and the spillover effect of neighborhood on the housing transaction volumes at different geographical locations, especially the spatial spillover effect of local fiscal expenditures and the regulations for planned urban environments. Finally, policy implications were offered as reference for the governance of the authorities.
The spatial spillover effect of local fiscal expenditure in regional housing market: the case of Taiwan
Abstract To effectively distribute resources and formulate policies, governments and enterprises usually need to obtain accurate geographical information about housing transaction volumes. In this study, the data of counties and cities in Taiwan from 2009 to 2018 were used for the analysis. First, Moran’s I was adopted to test the degree of spatial autocorrelation of the housing transaction volumes of the counties and cities, and GeoDa, a piece of spatial statistical software, was utilized to draw the spatial distribution and local indicators of spatial association cluster of the housing transaction volumes of the counties and cities in Taiwan. After the explanatory comparison between the panel data model and multiple spatial economic models, the Spatial Durbin Model was employed to explore the direct effects on local housing transaction volumes and the spillover effect of neighborhood on the housing transaction volumes at different geographical locations, especially the spatial spillover effect of local fiscal expenditures and the regulations for planned urban environments. Finally, policy implications were offered as reference for the governance of the authorities.
The spatial spillover effect of local fiscal expenditure in regional housing market: the case of Taiwan
Huang, Hao-Chen (author) / Chu, Su-Hui (author) / Peng, Chi-Lu (author) / Liao, Ting-Hsiu (author)
2021
Article (Journal)
Electronic Resource
English
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