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http://dx.doi.org/10.5762/KAIS.2013.14.3.1073

Governments' Realestate Policies and Effectiveness after '90s  

Kim, Jinsu (PhD Graduate School of Economics, University of Seoul)
Publication Information
Journal of the Korea Academia-Industrial cooperation Society / v.14, no.3, 2013 , pp. 1073-1080 More about this Journal
Abstract
Owing to 88 Olympic, social atmosphere changed to more freely and abundant liquidity, which caused by trade surplus, had led to the surge in real estate prices. Accordingly, The Roh Taewoo government announced the construction of five new towns, Bun-dang, Il-san etc. The Kim Youngsam government had dramatically enhanced the transparency of transactions on real estate field by introducing real-name transaction system. Whereas the Kim Daejung government carried out real estate stimulus package to early recovery from Asian financial cirsis. But, the Roh Muhyeon government conducted strongly suppressing polices. This report want to testify governments' real estate polices and their effectiveness on the real estate market after '90s using VAR model.
Keywords
Asian financial crisis; Liquidity; Real estate policy; Real name transaction system;
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