주택가격과 거래량 간 관계 형성에 매도-매수 선호시점이 미치는 영향 연구

• 영문명: How Selling-Buying Time Preference Affects on Forming the Relationship between Housing Price and Trading Volume
• 발행기관: 한국부동산학회
• 저자명: 김대원(Kim, Dai Won) 유정석(Yu, Jung Suk)
• 간행물 정보: 『부동산학보』不動産學報 第54輯, 229~243쪽, 전체 14쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2013.09.30

영문 초록

1. CONTENTS (1) RESEARCH OBJECTIVES The purpose of this study is to identify selling and buying time preferences on the relationship between the housing price and the trading volume in Korea. (2) RESEARCH METHOD This study conducted Granger casuality test and VAR(VEC) model test in order to confirm the positive(+) and dynamic relationship between price and trading volume in the Korean housing market. Additionally this study executed the survey analysis of which questionnaire consisted of the preferences to the time for selling and buying houses in order to figure out the psychological biases of buyers and sellers. (3) RESEARCH FINDINGS In the results of this study, we found that the sellers and buyers have discrete selling and buying time preferences which affect the relationship between price and trading volume. 2. RESULTS This study shows that there generally exists the positive(+) interrelation between price and trading volume with 1∼2 month lags. And the survey results reveal that the sellers and buyers have discrete psychological biases on the variation of housing price ; "loss aversion" for sellers and "expectation" for buyers. These discrete psychological biases influence on forming the relationship between price and trading volume.

목차

Abstract

Ⅰ. 서론

Ⅱ. 선행연구 검토 및 연구의 차별성

Ⅲ. 실증 분석

Ⅳ. 결론

參考文獻

키워드

벡터자기회귀(벡터오차수정)모형 충격반응분석 손실회피 기대심리 매도-매수 선호시점 VAR(VECM) Impulse Response Analysis Loss Aversion Expectation Selling-Buying Time Preference