The Impact of Administrative Characteristics and Residential Types on Income Capitalization Rates in Taipei, Taiwan

Chun-Chang Lee and Hsueh-Ling Fan

Asian Economic and Financial Review, 2016, vol. 6, issue 10, 602-619

Abstract: This paper examines several factors that impact income capitalization rates, and applies the hierarchical linear model as an analytical method. The empirical results suggest that: (1) the average income capitalization rates in different administrative areas of Taipei vary widely; (2) differences in attributes and types of residential properties have a significant impact on income capitalization rates; (3) the influence coefficients in different administrative areas show significant variation; (4) population density has a significantly negative impact on an income capitalization rate and (5) the proportion of commercial property in a given district has a significantly positive impact on income capitalization rate.

Keywords: Income capitalization rate; Residential types; Hierarchical linear model; Random effect; Administrative areas; Population density. (search for similar items in EconPapers)
Date: 2016
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