메뉴 건너뛰기
Library Notice
Institutional Access
If you certify, you can access the articles for free.
Check out your institutions.
ex)Hankuk University, Nuri Motors
Log in Register Help KOR
Subject
Humanities
General Humanities History Philosophy Religious Studies Linguistics and Literature Other Humanities
Social science
General Social Science Business Management Tourism Education Military Science Library and Information Science Law Sociology Journalism and Media Studies Psychological Science Political Science and Diplomacy Geography Public Administration Economics International Trade Anthropology Other Social Science
Natural science
General Natural Science Physics Biology Life Sciences Mathematics/Statistics Astronomy Earth Science Chemistry Other Natural Science
Engineering
General Engineering Architectural Engineering Mechanical Engineering Industrial Engineering Material/Energy Engineering Electrical and Electronic Engineering Marine and Ocean Engineering Chemical Engineering Computer Science Other Engineering
Medical science
General Medical Science Nursing Science Veterinary Pharmacy Traditional Korean Medicine Basic Medicine Clinical Medicine Other Medicine
Agriculture and Fishery
General Agriculture and Fishery Agriculture Fishery Science Food Science Forestry Animal Husbandry Marine Transportation Studies Other Agriculture and Fishery
Art and Kinesiology
General Arts Design Fine Arts Cosmetology Photography Music Fashion Kinesiology Performing Media Arts Other Arts and Kinesiology
Interdisciplinary Studies
Interdisciplinary Research Science and Technology Studies Brain and Cognitive Science Technology Policy Other Interdisciplinary Studies

KOR

The Effect of Population Aging on Housing Price
Recommendations
Search

논문 기본 정보

Type
Academic journal
Author
Cho Sungwon (조선대학교)
Journal
The Korean Data Analysis Society Journal of The Korean Data Analysis Society Journal of The Korean Data Analysis Society 제23권 제3호 KCI Accredited Journals
Published
2021.1
Pages
1,021 - 1,029 (9page)

Usage

cover
The Effect of Population Aging on Housing Price
Ask AI
Recommendations
Search

Abstract· Keywords

Report Errors
This paper investigates Granger causality between population aging and housing price using the time series data of Korea. Old age dependency ratio is used as a measure of aging population, and the causality between population aging and housing price is examined by the Granger causality test using an error correction model. Prior to conducting the causality test, the time-series properties of variables are checked by the unit root and the cointegration tests, and an error correction model is constructed to examine the causal relationship between population aging and housing price. The unit root test result reveals that the variables are stationary after differencing and the cointegration test indicates that there is a cointegrating relationship between population aging and housing price. Following the cointegration test, an error correction model is specified to test for the causal relationship. The Granger causality test using an error correction model reveals strong causality running from population aging to housing price. Empirical results of this paper implies that population aging is useful in forecasting housing price, and prior values of population aging have the ability to predict the future values of housing price in Korea.
#housing price #population aging #old dependency ratio #Granger causality #error correction model

Contents

No content found

References (16)

Add References
조만 / 2018 / 인구고령화와 주택가격 : 벡터오차수정모형(VECM)을 통한 실증연구 / 한국경제의 분석 24(3):151~183 dbpia 조성원 / 2019 / Causal Relationship between Income Inequality and Economic Growth / Journal of The Korean Data Analysis Society 21(3):1131~1138 dbpia 조성원 / 2020 / The Effect of Macroeconomic Fundamentals and Demographic Change on Housing Price / Journal of The Korean Data Analysis Society 22(6):2251~2259 dbpia Dickey, D. / 1979 / Distribution of the estimators for autoregressive Time series with a unit root / Journal of the American Statistical Association 74(366):427~431 google schola Engelhardt, G. / 1991 / House prices and demographic change : Canadian Evidence / Regional Science and Urban Economics 21:539~546 google schola

Recommendations

It is an article recommended by DBpia according to the article similarity. Check out the related articles!

Related Authors

Recently viewed articles

현대사회에서 종교의 역할
한내창The Research Institute of Won-buddhist Thought2014.10

Comments(0)

0

Write first comments.