The Study on the Substituting Relationship Between Captial and Land at Urban Central and Fringe Areas

• Main Authors: Chang , Tsui En, 張翠恩
• Other Authors: Han , Chien
• Format: Others
• Language: zh-TW
• Published: 2000
• Online Access: http://ndltd.ncl.edu.tw/handle/18413107058442159963

碩士 === 逢甲大學 === 土地管理學系 === 88 === The land policies in Taiwan are mostly apt to newtown development or seeking for undeveloped land around city fringe areas for development whenever there is a need for land. However, it is inefficient from the control of urban-sprawl or growth management point of view. On the other hand, the prevailing thought and trend for urban land use is more capital intensive rather than land extensive. This study uses the transaction prices of the residential housing in the City of Taichung as baseline data. By separating the values of land and improvement and using cost method to estimate the prices of land and buildings. The price of buildings was taken as the capital investment and the price of land as the investment of land. Then, a linear regression model of the capital/land substitution elasticity between urban center and urban fringe areas was built by using the constant elasticity of sbstitution (CES) production function. It can be observed from this study that the land use policies in Taiwan should be more capital intensive in the urban center areas rather than land extensive at the urban fringe areas. The concept of growth management should be employed when we are seeking for the hightest and best use of land. Urban renewal should be the major concern than urban expansion if we want to improve our urban environment and make our cities more sustainable.