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Table 2 Description of variable and data sources

From: Spatio-temporal diffusion of residential land prices across Taipei regions

Variables

Description

Sources

Dependent variable

  

Land price

Change in median residential land price/Natural log in median residential land price

Department of Land Administration

Independent variables

  

Spatial regressor

A weighted average of neighbour’s land prices in natural log

 

Income

Change in income per capita/Natural log in income per capita

Financial Data Centre, Ministry of Finance

Population density

Change in density/Natural log in density

National Statistics Taiwan

  1. *Relevant variables are converted to real measures using CPI.