Housing Investrnent in A Developing Country

• 발행기관: 한국지역개발학회
• 저자명: Je-H∞n Lee
• 간행물 정보: 『한국지역개발학회지』제14권 제3호, 107~122쪽, 전체 16쪽
• 주제분류: 사회과학 > 지역개발
• 파일형태: PDF
• 발행일자: 2002.12.30

영문 초록

The main contribution by this paper is the addition of macroeconomics and political context to empirical analysis and interpretation of housing investment in Korea. First, 1 present a theoretical discussion to explain how investment in housing is determin， then a model of housing investment using time-series analysis. Regression models using time-series data from Korea covering the period of 1953-1993 are estimated to establish the empirical relationships. Results show that housin investment in Korea is statistically explained by levels of income, military spending, election, housing picy， foreign aÍÍ;rs， and global context of finance. These results are made more meaningful by adng intemationa1, domestic, and institutional variables to the context in which housing policy was formulated. The analysis also shows a statistically significant relationship between historical pattems of investment in housing sector and the structure of Koreas tota1 investment.

목차

1. I ntroduction

2. Formulating of Research Questions and Models of Analvsis

3. Theoretical Analysis and Model Structure

4. Group 1: Housing Investment Share Models

5. Group 2: Housing Construction Area Models

6. Group 3: Housing Investment Household Models

7. Conclusion

Endnotes

키워드

housing investment housing conswnption housing policy economic development housing rnarket