本研究採用實價登錄 2018 年至 2022 年的房地產交易資料，透過 差異中之差異法並納入房地產的特徵作為控制變數，來衡量台積電於 2020 年在台南科學園區新建立的廠房完工並開始量產後，對於鄰近地 區房價的影響。根據估計的實證結果，台積電擴廠對於周遭的房價有 顯著的正向影響之外，影響的效果也延續了數個季度;此外，實證結 果也顯示，房屋年齡較低、距離廠房交通時間較短或距離廠房交通距 離較近的房地產，其價格提升的幅度更大。

This paper examines the impact of TSMC constructing new plants and starting mass production in 2020 on the housing prices of nearby districts. Using the Real Estate Transaction Data, Difference-in-Differences (DiD) model was applied to mea- sure the extent of change in average unit price per ping, and various characteristics of property were included as control variables in the model. The empirical results suggest that property values increased significantly and continued for several quar- ters. Besides, we find that properties with younger age, with shorter commuting time to factories or with shorter commuting distance from home exhibit higher price changes.

Agnew, K. and Lyons, R. C. (2018). The impact of employment on housing prices: De- tailed evidence from fdi in ireland. Regional Science and Urban Economics, 70:175– 189.
Al Totanji, D. M. and Bin Ishak, M. S. (2023). Factors affecting residential land prices: a review of the literature. SCIREA Journal of Civil Engineering and Building Construc- tion.
Case, K. E. and Mayer, C. J. (1996). Housing price dynamics within a metropolitan area. Regional Science and Urban Economics, 26(3–4):387–407.
Dehring, C. A., Depken II, C. A., and Ward, M. R. (2007). The impact of stadium an- nouncements on residential property values: Evidence from a natural experiment in dallas-fort worth. Contemporary Economic Policy, 25(4):627–638.
Diao, M., Leonard, D., and Sing, T. F. (2017). Spatial-difference-in-differences models for impact of new mass rapid transit line on private housing values. Regional Science and Urban Economics, 67:64–77.
Fredriksson, A. and Oliveira, G. M. (2019). Impact evaluation using difference-in- differences. RAUSP Management Journal, 54(4):519–532.
He, Q., Huang, Y., and Han, Y. (2021). The impact of industrial agglomeration on commercial real estate prices: an empirical study of 74 counties and cities in zhe-
32
jiang province. International Journal of Intelligent Technologies and Applied Statistics, 14(4):221–241.
Im, J. and Hong, S. H. (2017). Impact of a new subway line on housing values in daegu, korea: Distance from existing lines. Urban Studies, 55(15):3318–3335.
Meer, J. and West, J. (2016). Effects of the minimum wage on employment dynamics. The Journal of Human Resources, 51(2):500–522.
Miller, S., Johnson, N., and Wherry, L. R. (2021). Medicaid and mortality: New evi- dence from linked survey and administrative data. The Quarterly Journal of Economics, 136(3):1783–1829.
Roth, J., Sant’Anna, P. H. C., Bilinski, A., and Poe, J. (2023). What’s trending in difference-in-differences? a synthesis of the recent econometrics literature. Journal of Econometrics.
Vor, F. and Groot, H. L. d. (2011). The impact of industrial sites on residential property values: A hedonic pricing analysis from the netherlands. Regional Studies, 45(5):609– 623.
Zhu, Y. and Diao, M. (2016). The impacts of urban mass rapid transit lines on the density and mobility of high-income households: A case study of singapore. Transport Policy, 51:70–80.