| Summary: | 碩士 === 淡江大學 === 產業經濟學系碩士班 === 99 === After the Financial Crisis, consumers began to worry about inflation and consider real estate is a better and less risky investment target. With the rapid urban development, the transportation cost becomes one of the important conditions of real estate investment in Taipei City. For this reason, this study focuses on the effects of Mass Rapid Transit (MRT) system on housing price in Taipei City. This study employs the data from Dept. of Land Administration (M.O.I ) housing price during 2000 to 2010 to examine the impact of MRT system on metropolitan housing prices in different locations. First we apply a hedonic price method and take official housing transaction records in Taipei as a case study. Second, using a spatial econometric method — SAR to estimate the spillover effect of housing prices among the Taipei’s 12 districts. Finally, we estimate the housing price change before and after the Neihu Line opened in 2009. Empirical results show that: First, the distance to the MRT station have significant negative impacts on housing price. Second, through the spatial method — SAR, we find a positive spillover effect of housing prices across the districts. Thirdly, using the difference-in-difference method, the opening of Neihu Line has made the housing prices more sensitive to the MRT station along the Line.
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