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

Detecting Multiple Bubbles in the Korean Housing Market and Housing Market Policy
Recommendations
Search

한국 주택시장의 거품 검정과 주택시장 정책

논문 기본 정보

Type
Academic journal
Author
Yongjae Lee (한국자산평가) Cheolbeom Park (고려대학교)
Journal
Yonsei Economic Research Institute 한국경제학보 한국경제학보 제26권 제2호
Published
2019.1
Pages
277 - 300 (24page)

Usage

cover
Detecting Multiple Bubbles in the Korean Housing Market and Housing Market Policy
Ask AI
Recommendations
Search

Abstract· Keywords

Report Errors
We apply the bubble test, proposed by Phillips, Shi and Yu (2015), to the apartment purchase price indices and apartment jeonse price indices in Korea. We find that multiple bubbles have existed in apartment purchase price indices and jeonse price indices for Korea, Seoul, six metropolitan cities and 25 districts in Seoul and that more bubble periods are estimated for apartment purchase price indices than apartment jeonse price indices. Estimated bubble periods from the apartment purchase price index of Seoul shows the highest accordance rate with the base of housing policy. Finally, movements of the interest rate affect the apartment jeonse price indices more strongly than apartment price indices.

Contents

No content found

References (15)

Add References

Recommendations

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

Related Authors

Recently viewed articles

Comments(0)

0

Write first comments.