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The Urban Blight Costs in Taiwan

Chich-Ping Hu (), Tai-Shan Hu (), Peilei Fan () and Hai-Ping Lin ()
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Chich-Ping Hu: Department of Urban Planning and Disaster Management, Ming Chuan University, Taoyuan City 333, Taiwan
Tai-Shan Hu: Department of Urban Planning, National cheng Kung University, Tainan City 701, Taiwan
Peilei Fan: Urban & Regional Planning and Center for Global Change & Earth Observations, Michigan State University, East Lansing, MI 48824-3407, USA
Hai-Ping Lin: Department of Urban Planning, National cheng Kung University, Tainan City 701, Taiwan

Sustainability, 2020, vol. 13, issue 1, 1-16

Abstract: Urban blight is not only an eyesore for city residents, but also a threat to health, psychological well-being, and safety. It not only represents substantial economic decline, but also spreads through urban space. As well as the loss of personal property value, urban blight also harms public interests in the public domain. This study finds that danger and age are the two main factors of urban blight. Ignoring these two factors causes housing prices to fall. The decline in population due to long-term economic stagnation and the exodus of residents and industries, coupled with the long-term decline in income and spending on maintenance of old houses, has led to major visual and physical economic blight. This investigation adopts the hedonic model to analyze the correspondence of house prices with urban blight, based on real estate prices and related township variables announced by the government in Taiwan in 2017, and applies the spatial regression model to investigate the direct and indirect effects of real estate prices. The following conclusions can be drawn from the analytical results. 1. The spatial lag model finds that urban blight has a spatial spillover effect. 2. The government must not disregard the blight, due to its detrimental effect on housing prices and spatial diffusion effect. 3. The factors that affect the blight are age of residents, age of buildings, poverty, and danger.

Keywords: blight; hedonic model; spatial regression model (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
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