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Success by indirection: The Taiwan g...
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Liao, Su.
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Success by indirection: The Taiwan government's emphasis on national economic growth fostered housing development (1949-1989).
紀錄類型:
書目-電子資源 : Monograph/item
正題名/作者:
Success by indirection: The Taiwan government's emphasis on national economic growth fostered housing development (1949-1989)./
作者:
Liao, Su.
出版者:
Ann Arbor : ProQuest Dissertations & Theses, : 1993,
面頁冊數:
168 p.
附註:
Source: Dissertations Abstracts International, Volume: 55-02, Section: A.
Contained By:
Dissertations Abstracts International55-02A.
標題:
Public administration. -
電子資源:
http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=9321435
Success by indirection: The Taiwan government's emphasis on national economic growth fostered housing development (1949-1989).
Liao, Su.
Success by indirection: The Taiwan government's emphasis on national economic growth fostered housing development (1949-1989).
- Ann Arbor : ProQuest Dissertations & Theses, 1993 - 168 p.
Source: Dissertations Abstracts International, Volume: 55-02, Section: A.
Thesis (Ph.D.)--University of Pennsylvania, 1993.
This item must not be sold to any third party vendors.
This dissertation explores the role of the government of the Republic of China in the housing sector of Taiwan. It argues that although direct government intervention in the housing market to solve the housing problems of the average person is common in developing countries, there is not only no convincing economic reason but also no effective means for the government to do so. Because economic growth is closely related to housing development, economic policies can affect housing development directly and indirectly. The best strategies for solving housing problems in developing countries are to foster a desirable macro-economic environment through economic policies that facilitate economic growth thereby stimulating housing investment, and to balance development among cities and rural areas through urbanization policies that decentralize population and economic activities thereby stabilizing the price inflation of urban housing. This study analyzes the development of Taiwan's housing policy and demonstrates that several government-led structural changes in the market, such as land reform, facilitated economic development in ways that would not have evolved under a free market system. Finally, two least-squares regression models are developed to prove that economic development has much more influence on housing investment than direct government intervention, and that urbanization policies are the most effective strategies in stabilizing price inflation of urban housing. Consequently, although this study confirms those arguments of no-policy observers that Taiwan has no housing policy and that the government has, at most, played an indirect role in housing development, it concludes that a policy that focuses on national economic development also is a good policy for housing development, and that this indirect role is, in fact, more influential than direct government intervention on the housing market. Also, in addition to rapid economic growth and the existence of the competitive housing market, the success of housing development in Taiwan should be attributed to the government's refraining from distorting the market function in the interaction between the private and public sectors in the housing market.Subjects--Topical Terms:
531287
Public administration.
Subjects--Index Terms:
China
Success by indirection: The Taiwan government's emphasis on national economic growth fostered housing development (1949-1989).
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This dissertation explores the role of the government of the Republic of China in the housing sector of Taiwan. It argues that although direct government intervention in the housing market to solve the housing problems of the average person is common in developing countries, there is not only no convincing economic reason but also no effective means for the government to do so. Because economic growth is closely related to housing development, economic policies can affect housing development directly and indirectly. The best strategies for solving housing problems in developing countries are to foster a desirable macro-economic environment through economic policies that facilitate economic growth thereby stimulating housing investment, and to balance development among cities and rural areas through urbanization policies that decentralize population and economic activities thereby stabilizing the price inflation of urban housing. This study analyzes the development of Taiwan's housing policy and demonstrates that several government-led structural changes in the market, such as land reform, facilitated economic development in ways that would not have evolved under a free market system. Finally, two least-squares regression models are developed to prove that economic development has much more influence on housing investment than direct government intervention, and that urbanization policies are the most effective strategies in stabilizing price inflation of urban housing. Consequently, although this study confirms those arguments of no-policy observers that Taiwan has no housing policy and that the government has, at most, played an indirect role in housing development, it concludes that a policy that focuses on national economic development also is a good policy for housing development, and that this indirect role is, in fact, more influential than direct government intervention on the housing market. Also, in addition to rapid economic growth and the existence of the competitive housing market, the success of housing development in Taiwan should be attributed to the government's refraining from distorting the market function in the interaction between the private and public sectors in the housing market.
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