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http://dx.doi.org/10.5762/KAIS.2016.17.4.682

Study on the Causality and Lead-lag relationship between Size of House sub market and the Consumer Sentiment Survey  

Kim, Gu-Hoi (Graduate School of Urban Studies, Hanyang University)
Kim, Ki-Hong (Graduate School of Seoul Venture University)
Lee, Joo-Hyung (Graduate School of Urban Studies, Hanyang University)
Publication Information
Journal of the Korea Academia-Industrial cooperation Society / v.17, no.4, 2016 , pp. 682-691 More about this Journal
Abstract
The purpose of this study is to explore the causal and precedence relationships between the housing sub-market and the results of a consumer sentiment survey about the housing market. This study investigates the relationships between the survey results and an apartment deal price index by size and bidding price rate in apartment auctions by extending research related to consumer sentiment surveys. We surveyed the Seoul Metropolitan Area and analyzed the results using a unit root test, cointegration test, Granger causality test, and cross-correlation test. It was confirmed that causality exists between the survey results and apartment deal price index by size and bidding price rate, and it was also confirmed that there are correlation and precedence relationships between them.
Keywords
The consumer sentiment survey; House sub-market; Apartment market by size; Apartment auction market;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
연도 인용수 순위
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