Abstract
This paper discusses the relationships among house prices and house characteristics, crime rates, and star schools. The analyzed data were collected from 12 administrative regions in Taipei city. The empirical results show that star schools have a significant positive impact on house prices; violent crime rates have a negative but not significant impact on house prices; and theft-type crime rates have a significant positive impact, contrary to expectations. We infer that the cause for this counter-intuitive finding may be the psychological burden, but may also be related to theft-type crime rates in commercial development areas. The results also reveal that using the spatial error model and the spatial lag model will modify overestimated parameters in the conventional OLS model.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
