아파트 매매가격 및 전세가격의 지역별 파급효과

• 영문명: An Analysis on Regional Ripple Effects of the Sale and Chenosei Prices of the Apartments: A GVAR Approach
• 발행기관: 강원대학교 경영경제연구소
• 저자명: 윤재형
• 간행물 정보: 『아태비즈니스연구』제13권 제3호, 343~359쪽, 전체 17쪽
• 주제분류: 인문학 > 문학
• 파일형태: PDF
• 발행일자: 2022.09.30

영문 초록

We analyze the regional ripple effects of both the sale prices and cheonsei prices using the global VAR(GVAR) model. The interest rate shock causes the regional sale prices to fall. Moreover, the greatest responses to the shock are those of Gangnam-gu, etc. because of there were many transactions for investment purpose. When interest rate rose, the cheonsei price in Gangnam-gu reacted greatly. Conversely, if interest rates fall, the cheonsei demand to live in Gangnam-gu increases. Furthermore, the response of sale price to the interest rate shock are greater than those of the cheonsei prices. Whereas, a positive shock on the sale price in Gangnam-gu increases the sale price there. It also raises the sale prices of the surrounding area in a similar pattern. The shock on the sale price in Gangnam-gu also increases the cheonsei price in Gangnam-gu. In addition, an increase in the sale price in Gangnam-gu leads to increases of cheonsei prices in other regions. Therefore, the recent rise of the base rate can negatively affect the sale prices, and thus a decrease in the sale price spreads to the surrounding areas. Accordingly, it is time for policy alternatives to make a soft landing in sale prices.

목차

Ⅰ. 서론

Ⅱ. 기존연구

Ⅲ. 분석자료 및 분석방법론

Ⅳ. 서울지역 아파트 가격에 대한 GVAR 모형의 추정결과

Ⅴ. 요약 및 결론

References

키워드

Cheonsei Price Interest Rate Effect GVAR Sale Price