패널 VAR모형을 이용한 한국 주택 매매, 전세시장에 관한 연구

• 영문명: A Study on the Korean Housing Sales and Chonsei Market Using Panel VAR Model
• 발행기관: 한국주거환경학회
• 저자명: 전해정(Chun, Hae-Jung)
• 간행물 정보: 『주거환경(한국주거환경학회논문집)』住居環境 제13권 제2호 (통권 제28호), 1~12쪽, 전체 12쪽
• 주제분류: 사회과학 > 지역개발
• 파일형태: PDF
• 발행일자: 2015.06.30

영문 초록

In this study, the dynamic relationships between the housing sales market and the Chonsei market use VAR model, and for the spatial range, 16 metropolitan cities·provinces are set, and for the timely range,from the first quarter of 2006 to third quarter of 2014 are set to divide before and after the global financial crisis to perform the empirical analysis. For the macroeconomic variables effecting the housing market, interest rate was set as CD interest rate, the economic growth and housing demand were set as number of economically active people, and finally, the housing supply was set as land transaction volume. As a result of the empirical analysis, the number of economically active people showed to have plus (+) effect and the land transaction volume to have minus (-) effect to the housing sales price in general. When we look at the difference before and after the financial crisis, in the period before the crisis, the Chonsei price and the CD interest rate had minus (-) effect on the housing sales price, but on the other hand, in the period after the crisis, it showed to have a plus (+) effect. This is because in the period before the financial cris, the housing sales market was in the increasing period, and realization of capital gain was possible through sales to have almost no influence of the lease market of housing Chonsei market to the housing sales market, but in the period after the crisis, the housing sales market maintained downward stabilization, but the Chonsei price increase to be judged that the Chonsei market has big influence on the sales market. Regarding influence of CD interest rate on the housing sales market, the reason that it showed plus (+) influence after the financial crisis is judged to be due to the reason that because the government executed continuous decrease in interest rate to activate the housing sales market, but the sales market is maintaining downward stabilization.

목차

Ⅰ. 서 론

Ⅱ. 선행연구 고찰

Ⅲ. 실증분석

Ⅳ. 결 론

키워드

주택매매시장 전세시장 패널 벡터자기회귀모형 패널 그랜저 인과관계 검정 패널 충격반응분석 Housing sales market Chonsei market Panel VAR model Panel granger causality test Panel impulse response analysis