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A Study on Factors Affecting Land Price Change Rate in Changwon-si
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창원시 지가변동률에 미치는 영향 요인에 관한 연구

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Type
Academic journal
Author
Sung Joo Han (창신대학교) Sang CheolJeong (창신대학교)
Journal
한국부동산학회 부동산학보 부동산학보 제86호 KCI Candidated Journals
Published
2022.2
Pages
31 - 40 (10page)

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A Study on Factors Affecting Land Price Change Rate in Changwon-si
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1. CONTENTS (1) RESEARCH OBJECTIVES The purpose of this study is to identify the important factors affecting the land price change rate in Changwon City. (2) RESEARCH METHOD This study employed VEC model to achieve the major objectives of this study. (3) RESEARCH FINDINGS The implication of this study is that the influence of interest rates and money supply shown in other previous studies has no significant effect on the change in land price in Changwon, and real estate variables in Changwon, which are the rate of change in Changwon land transaction volume and change in Changwon apartment sale price, have a great influence. 2. RESULTS In this study, the VEC(1) model was used to find out which factors have the greatest influence on the land price change rate in Changwon City. The results of this study are summarized as follows. The factor that has the greatest effect on the land price change rate excluding its own variables in the impact on the land price change rate in Changwon is the Changwon land transaction volume change rate (GLTV), followed by the Impact Response and variance decomposition in the order of the Changwon apartment sale price change rate (GAPTSALE). It was found that the explanatory power of Other variables were found to have no significant meaning in the rate of land price change.
#벡터오차수정모형 #창원시 #지가변동률 #토지거래량 변화율 #매매가격 변화율 #Vector Error Correction Model #Changwon-si #The Change Rate of Land Price #The Change Rate of Land Transaction Volume #Sale The Change Rate of Price

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