Analysis of Real Estate Evaluation from the View Point of Intertemporall and Spatial Economics

跨时空经济学视角下的房地产评估分析

基本信息

批准号：
17203022
负责人：
HATTA Tatsuo
金额：
$ 18.8万
依托单位：
National Graduate Institute for Policy Studies (2007)International Christian University (2005-2006)
依托单位国家：
日本
项目类别：
Grant-in-Aid for Scientific Research (A)
财政年份：
2005
资助国家：
日本
起止时间：
2005 至 2007
项目状态：
已结题

项目摘要

Hatta: He estimated the increase in the congestion rates of major streets of Tokyo caused by the traffic increase generated by easing FAR Taking advantage of this estimate, he estimated the cost and benefit of easing FAR.Kaizoji: He studies on a mechanism of bursting land bubble. In summary, (i) Bubble is a phenomenon that investment capital concentrates on limited areas (for example, Marunouchi-area), and the skewness of the distribution of land price enlarges over time, (ii) as the land prices in limited areas soar extremely, most of available capital is invested in trade of the limited areas, and finally it is impossible to trade at the extreme value of the land. As an unavoidable result, bubble bursts, and (iii) burst of bubble is predictable by observing the time changes of the Gini coefficient of land prices.Takezawa: Between 2005 and 2006, preliminary empirical research on sports facility real estate development and the J-REIT market completed. Published "Operational Attributes … More and Fund Performance: Preliminary Evidence from the J-REIT Market" (with N. Takezawa and H. Saji) in the Journal of Social Science (ICU). Presented work on Stadium naming rights at the Sports Management Association of Australia and New Zealand.Basic Data base for real estate development in sports facilities (stadiums, golf courses) and REITs compiled. Preliminary findings on the Beneficiary Rights in the Japanese REIT Market (with N. Takezawa, K. Takashima) were presented at the 2007 Nippon Finance Association Conference.Karato: The data of land use variation was developed by GIS polygon for the period from 1991 to 2001. Using this data, we measured cost inefficiency of land use in the central area of Tokyo by means of statistically estimating the office/housing rent function. Patterns of land usage changing was observed, and examining the theorem of land re-development by Wheaton.Repeat sales data of condominiums price was developed. We estimated the quality adjusted price-index in real estate market. We proposed the econometric method for the bias of the housing age-effect coefficients which was pointed out as econometric problem of typical Case & Shiller type price-index.He arranged the theory and application in hedonic approach to analyze the micro structure of real estate price. Moreover we proposed the econometrically testing method to investigate spatial interdependence of land price function by spatial econometric analysis. Less

Hatta：他估计了因放宽FAR而导致的交通量增加而导致东京主要街道拥堵率的增加。利用这一估计，他估计了放宽FAR的成本和收益。 Kaizoji：他研究了土地爆裂的机制综上所述，泡沫是指投资资金集中于有限区域（如丸之内地区），并且地价分布的偏度随着时间的推移而扩大的现象，（ii）随着地价的上涨。有限区域内的土地价格极度飙升，大部分可用资金都投入到有限区域的贸易中，最终无法以土地的极值进行交易，不可避免的结果是泡沫破灭，(iii)泡沫破灭。通过观察土地价格基尼系数的时间变化来预测。竹泽：2005年至2006年间，完成了对体育设施房地产开发和J-REIT市场的初步实证研究，发表了“运营属性……更多和”。《基金绩效：来自 J-REIT 市场的初步证据》（与 N. Takezawa 和 H. Saji 合作）发表在《社会科学杂志》(ICU) 上。在澳大利亚和新西兰体育管理协会介绍了有关体育场冠名权的工作。基本介绍了体育设施（体育场馆、高尔夫球场）和房地产投资信托基金的房地产开发数据库（与 N. Takezawa、K. Takashima 合作）编制的日本 REIT 市场受益人权利的初步调查结果。在2007年日本金融协会会议上。唐户：1991年至2001年期间的土地利用变化数据是由GIS Polygon开发的。利用该数据，我们通过以下方法测量了东京市中心地区土地利用的成本无效率：编辑部估计了办公室/住房租金函数，观察了土地使用变化的模式，并检验了 Wheaton 的土地再开发定理。公寓价格的重复销售数据为我们估计了房地产市场的质量调整价格指数，提出了住房年龄效应系数偏差的计量方法，该方法被指出是典型的凯斯和席勒型价格指数的计量问题。此外，我们还提出了通过空间计量分析来研究土地价格函数的空间相互依赖性的计量检验方法。