A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
A Study of Dynamic Relationship between Housing Values and Interest Rate in the Korean Housing Market
The goal of this study is to identify the long-term relationship between housing value and interest rate in the Korean housing market, using the Cointegration Test and Spectral Analysis. The result shows the long-term negative (-) equilibrium relationship between housing values and interest rate. Moreover, the Granger Causality Test for confirming the short-term dynamic relationship between these variables notes the one-way causality from interest rate to the change rate of housing and the transfer function model certifies concretely the causal structure of this relationship. The result of this study suggests that the interest rate adjustment policy in the Korean housing market can work very effectively and it will contribute to forecast the change of future housing values hereafter. Keywords: Dynamic relationship; Housing value; Interest rate; Cointegration and spectral analysis; Long term equilibrium
A Study of Dynamic Relationship between Housing Values and Interest Rate in the Korean Housing Market
The goal of this study is to identify the long-term relationship between housing value and interest rate in the Korean housing market, using the Cointegration Test and Spectral Analysis. The result shows the long-term negative (-) equilibrium relationship between housing values and interest rate. Moreover, the Granger Causality Test for confirming the short-term dynamic relationship between these variables notes the one-way causality from interest rate to the change rate of housing and the transfer function model certifies concretely the causal structure of this relationship. The result of this study suggests that the interest rate adjustment policy in the Korean housing market can work very effectively and it will contribute to forecast the change of future housing values hereafter. Keywords: Dynamic relationship; Housing value; Interest rate; Cointegration and spectral analysis; Long term equilibrium
A Study of Dynamic Relationship between Housing Values and Interest Rate in the Korean Housing Market
Cho, Deokho (author) / Ma, Seungryu (author)
2004-01-01
Conference paper
Electronic Resource
English
Dynamic Feasibility Analysis of the Housing Supply Strategies in a Recession: Korean Housing Market
| British Library Online Contents | 2013
Dynamic Feasibility Analysis of the Housing Supply Strategies in a Recession: Korean Housing Market
| Online Contents | 2013