지원사업
학술연구/단체지원/교육 등 연구자 활동을 지속하도록 DBpia가 지원하고 있어요.
커뮤니티
연구자들이 자신의 연구와 전문성을 널리 알리고, 새로운 협력의 기회를 만들 수 있는 네트워킹 공간이에요.
논문 기본 정보
- 자료유형
- 학술저널
- 저자정보
- 발행연도
- 2011.4
- 수록면
- 211 - 238 (28page)
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초록· 키워드
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Using panels of housing purchase price and jeonse price, I investigate house price convergence in Korea. This study is to analyze mainly two important issues. First, I test whether the house prices are converging over time. For any type of the house prices, purchase price and jeonse price, I find there is little evidence of overall house price convergence. Next, I employ a clustering algorithm to examine the existence of a convergence club where the cross-sectional variation within a subgroup decreases over time. The results support that there is strong evidence of multiple convergence clubs. Despite the fact that national house purchase price and jeonse price share similar time-series properties, the club convergence results suggest that there exist differences in cross-sectional properties between purchase price and jeonse price.
목차
1. INTRODUCTION
2. STYLIZED FACTS OF HOUSE PRICES IN KOREA
3. TESTING HOUSE PRICE CONVERGENCE IN KOREA
4. HOUSE PRICE CONVERGENCE CLUB CLASSIFICATIONS
5. CONCLUSION
REFERENCES
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UCI(KEPA) : I410-ECN-0101-2013-320-000590734