@article{ART001689352},
author={박성균 and Hyun Seok Lee},
title={A Comparison of Price Determinant between Residential and Commercial Properties},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2012},
volume={22},
number={2},
pages={171-191},
doi={}
TY - JOUR
AU - 박성균
AU - Hyun Seok Lee
TI - A Comparison of Price Determinant between Residential and Commercial Properties
JO - Korea Real Estate Review
PY - 2012
VL - 22
IS - 2
PB - korea real estate research institute
SP - 171
EP - 191
SN - 2092-5395
AB - This study aims at comparing with residential and commercial property markets from an analysis considering the effect of dynamic macroeconomic variables by using the data about sales price and chonsei price of apartments and office rents in Seoul. Before the analysis of the effect of dynamic macroeconomic variables on the two property markets, the correlation between the two markets is analyzed by Granger causality test and Geweke causality test. There is no causality between them unlike Hong Kong. Granger causality test is performed in order to find influencing factors on the two property markets. While macroeconomic variables, such as production or income index, currency or financial index and industrial activity index, have an influence on residential property market, economic activity index and business activity index have an influence on commercial property market. There is a difference in influencing factors on each real estate market between the two markets.
KW - residential and commercial real estate market;macroeconomic variables;causality test
DO -
ER -
박성균 and Hyun Seok Lee. (2012). A Comparison of Price Determinant between Residential and Commercial Properties. Korea Real Estate Review, 22(2), 171-191.
박성균 and Hyun Seok Lee. 2012, "A Comparison of Price Determinant between Residential and Commercial Properties", Korea Real Estate Review, vol.22, no.2 pp.171-191. Available from: doi:
박성균, Hyun Seok Lee "A Comparison of Price Determinant between Residential and Commercial Properties" Korea Real Estate Review 22.2 pp.171-191 (2012) : 171.
박성균, Hyun Seok Lee. A Comparison of Price Determinant between Residential and Commercial Properties. 2012; 22(2), 171-191. Available from: doi:
박성균 and Hyun Seok Lee. "A Comparison of Price Determinant between Residential and Commercial Properties" Korea Real Estate Review 22, no.2 (2012) : 171-191.doi:
박성균; Hyun Seok Lee. A Comparison of Price Determinant between Residential and Commercial Properties. Korea Real Estate Review, 22(2), 171-191. doi:
박성균; Hyun Seok Lee. A Comparison of Price Determinant between Residential and Commercial Properties. Korea Real Estate Review. 2012; 22(2) 171-191. doi:
박성균, Hyun Seok Lee. A Comparison of Price Determinant between Residential and Commercial Properties. 2012; 22(2), 171-191. Available from: doi:
박성균 and Hyun Seok Lee. "A Comparison of Price Determinant between Residential and Commercial Properties" Korea Real Estate Review 22, no.2 (2012) : 171-191.doi:
