| Title |
Exploring the Relationship between Designating of Disaster Preventing Zones and Land Prices - The Case of Seoul |
| Authors |
김자은(Kim, Ja Eun) ; 이성호(Lee, Sung Ho) |
| DOI |
https://doi.org/10.12652/Ksce.2020.40.3.0295 |
| Keywords |
방재지구;토지이용규제;이중차분;토지가격 Disaster preventing zones;Land use regulation;Different in different;Land price |
| Abstract |
Disaster Preventing Zone (DPZ) is one of the zoning for land use regulation. Though the purpose of the designating of DPZs is to improve the area be safer, people has the negative recognition on DPZs. They think DPZs are regulation to restrict the actions and finally causes decrease on the land price. In this context, the aim of this study is to investigate the correlation between the designation of the DPZs and the land price of the DPZs in Seoul Metropolitan City. We applied the Difference in different (DID) which is one of the research methods to verify the cause and effect of specific policy. As a result, it was found statistically significant that land price of parcels designated as DPZs was 420,000 won higher than those not designated. The same results were obtained when the land characteristics were added, and the robustness of the model was indirectly confirmed. Based on the results, the designating of the DPZs was contrary to the expectation. Although it is necessary to analyze the result of the study more microscopically, It will be necessary to change the perception that it will decline. |