earticle

영어

This paper explores the determinants of industrial land values classified by location types by means of Hedonic Price Model. Major findings from the empirical analysis can be summarized as follows: In all the models, the results commonly show that workforce in the surrounding area have a strongly positive influence on industrial land values, and that, contrary to expectations, the amount of added value of local manufacturing companies has a negative relationship with them. It is also found that there exists a distinct difference between the planned and footloose location models in terms of the effects of the parcel size and the width of the road on industrial land values. Lastly, this paper is considered significant in that it might be the first step toward a series of domestic research to break down industrial land values into its different attributes.