Earticle

초록

영어

With the recent increase of housing price, Korean Government has considered the price of condominium projected to rebuild(CPR) the major cause that stimulates the price of other condominiums around the CPR. The Gangnam area, expecially CPR in the area, has been believed the typhonic center of the housing price skyrocketing. The Government has made very strong regulation on the CPR and the condominium in the Gangnam area.This study tries to find out whether the previous studies and practical senses regarding the causality between CPR's prices and others' in Seoul metropolitan area are correct or not, especially focusing on the spill over effect of the housing price of the Gangnam area. By using Granger causality test and cointegration test of time series data from January 2000 to November 2007, this empirical study finds three findings as following. Frist, the price of CPR not always precedes the price of other condominiums. Second, the housing price in the Gangnam area would lead the ones in Seoul metropolitan area, and vice versa. Third, the previous assumption on the information delivery gap between housing markets can not be supported by the empirical result of this study. These findings are the contrary of the common thoughts, Government's assertion and some results of previous studies.

목차

Abstract:
 1. 서론
 2. 선행연구 검토 및 분석의 틀 설정
  2.1 선행연구 검토
  2.2 분석의 틀 설정
 3. 연구 자료의 특성 및 기초 통계 분석
  3.1 자료의 특성
  3.2 기초 통계 분석
 4. 그랜저 인과 관계 및 공분산 검정
  4.1 그랜저 인과 관계 분석
  4.2 공적분 검정
 5. 결론
 참고문헌

키워드

저자

• 김호철 [ Kim, Ho-cheol | 단국대학교 도시계획 • 부동산학부 교수 ] 주저자
• 최창규 [ Choi, Chang-Gyu | 수원대학교 도시부동산개발학과 전임강사 ]

참고문헌

발행기관

간행물

표지보기 관심저널 등록

• 간행물명

  한국지역개발학회지 [Journal of the Korean Regional Development Association]

• 간기

  연5회

• pISSN

  1225-9055

• 수록기간

  1989~2026

• 등재여부

  KCI 등재

• 십진분류

  KDC 322 DDC 330