Browse > Article

A Study about the Real Estate' Policy Impact on house prices (Focusing on the time series analysis and regression)  

Ko, Pill-Song (전주대학교 부동산학과)
Park, Chang-Soo (전주대학교 부동산학과)
Publication Information
The Journal of the Korea institute of electronic communication sciences / v.5, no.2, 2010 , pp. 205-213 More about this Journal
Abstract
This study was to analyze the past regime's real estate policy and the time-series data on real estate price index from 1986 to 2009 in 24 years. Also, the real estate index and macroeconomic variables, the impact on house price index variable conducted to regression analysis and to analyze whether and how much is affected. Analyzed as follows: First, Korea's real estate policy was the post-policy and the past regime's real estate policy was inconsistent with each other. Second, in the normal phase whenever real estate issues, the measures of the strengthening regulation and of the economic recovery were only to repeat periodically. Third, the timing and means of policy enforcement was an inappropriate and Real estate market was getting worse at the time whenever a real estate policies performed. Fourth, The apartments prices index of the housing types rose the highest and were the most popular for 24 years. Increase or decrease the amount of the price index for apartments, Roh Tae-woo(65.0%) - Kim Dae-jung (42.5%) - Roh Moo-hyun (32.8%) were in order. Fifth, the results of the regression analysis carried out: The impact on housing prices among independent variables were followed by Cap Construction- one per capita income - Housing consumer price index - Accompanying Composite Index - Trailing Composite Index - Home subscription Subscriber account - Leading Composite Index.
Keywords
The time-series data; Regression analysis; The post-policy; Accompanying Composite Index;
Citations & Related Records
연도 인용수 순위
  • Reference
1 이원곤, 부동산정책이 부동산관련 가치에 미치는 영향에 관한 연구, 인천대 행정학박사학위논문, pp.51-75, 2008.
2 전광섭, 역대정부 주택정책 비교연구, 한국외대행정학박사학위논문, pp.49- 93, 2007.
3 안왕모, 주택정책이 주택가격에 미치는 영향에 관한 연구, 광운대 행정학박사학위논문, pp.54-70, 2007.
4 안재금, 부동산경기가 부동산정책에 미치는 영향에 관한 실증적 연구, 건국대 행정학박사학위논문, pp.50-95 2006.
5 오정석, 부동산정책의 효과성 평가에 관한 연구, 경희대 행정학박사학위논문, pp.107-129, 2006.
6 김진. 민규식. 김형종, "거시경제변수가 주택가격에 미치는 영향에 관한 연구", 한국지적학회지, Vol. 23, No. 2, pp.103-116, 2007.
7 김현아. 이승우, "부동산대책이 건설산업에 미치는 영향", 한국건설산업연구원, pp.18-54, 2005.
8 국민은행, [월간] 전국 주택가격 동향조사, pp.60-86, Jan. 2010.
9 하성규, 주택정책론, p.57, (서울: 박영사, 2001)
10 국토해양부, 주택 종합계획, 2009.
11 건설교통통부, 주택종합계획 2003-2012.
12 건설교통부, 주택업무편람, 2009.
13 통계청, 경기종합지수, 2009.
14 D. C. Stafford, "The Economics of Housing Policy", London : Croom Helm, pp38-73, 1978.