The capitalization of spatial healthcare accessibility into house prices in Taiwan: an application of spatial quantile regression

Ti-Ching Peng

International Journal of Housing Markets and Analysis, 2020, vol. 14, issue 5, 860-893

Abstract: Purpose - Population ageing is fast becoming a major social concern across the globe. This ageing trend unavoidably fuels elders’ demand for healthcare services. As the main users of health care service, whether the healthcare is geographically approachable in local areas is more imperative to senior residents with restricted mobility. This paper proposes to examine the effect of elders’ healthcare accessibility on property prices of Taipei Metropolis, Taiwan. Design/methodology/approach - Luo and Qi’s (2009) enhanced two-step floating catchment area method – taking both healthcare demand and supply into account – was used to measure three types of healthcare services: “physician-to-elder ratio”, “hospital bed-to-elder ratio” and “ambulance-to-elder ratio”. Spatial quantile regression (SQR) model was then used to examine the spatial effect of healthcare accessibility on different property price ranges. Findings - The “physician-to-elder ratio” and “hospital bed-to-elder ratio” demonstrated expected consistent positive effects across all quantiles of property prices (p

Keywords: Taiwan; Property prices; Elders; E2SFCA method; Health accessibility; Spatial quantile analysis (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:eme:ijhmap:ijhma-06-2020-0076

DOI: 10.1108/IJHMA-06-2020-0076

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