경관지구에서의 공시지가변화에 관한 연구

Abstract

Previous studies argued that to designate a special-purpose district to preserve scenery under the Act of National Land Planning Utilization is likely to bring about the decrease of land value (or land price) and the infringement of private property rights. The purpose of this study is to investigate empirically what effect the designation of scenic districts has on the change of land value around the districts. For the data collection, we checked the scenic districts which local governments designated in their nature, watersides, and cities. Based on the district locations and addresses, we looked at the changes of the land values evaluated officially after and before the designation year. And then, the data on the land value was categorized in accordance with the types of scenic districts including waterside, nature, and cities within metropolitan, major, and general cities as well as counties. The collected data was analyzed through regression models. We applied the fluctuation rate of land values as the depend variable for the models rather than using the land values per se that are affected by various factors, such as regions, evaluation periods, and et cetera. Utilizing the Land Price Index Table, we selected important indices as a set of independent variables (or explanatory variables) by considering the correlations between and significances of the indices. The regression model to investigate the effect of designating scenic districts on the fluctuation rate of land values shows high levels of model explanations and significances. The explanatory variables that are significant for the land values have lower significances for the fluctuation rate of land values. Our findings confirm that designating the scenic districts has negative effect on the fluctuation rate of land values. The regression models to investigate the effect of designating scenic districts on the fluctuation rate of land values categorized in accordance with the types of scenic districts shows also of model explanations and significances. The explanatory variables that are significant for the land values have also lower significances for the fluctuation rate of land values. The results also reveal that designating the scenic districts has negative effect on the fluctuation rate of land values. The most negatively-affecting districts are those in cities, followed by nature and then watersides.