@article{ART001763261},
author={Kim Moon Sung and Bae, Hyung},
title={A Study of Seoul Apartment Markets Response on Housing Policy},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2013},
volume={23},
number={1},
pages={41-65}
TY - JOUR
AU - Kim Moon Sung
AU - Bae, Hyung
TI - A Study of Seoul Apartment Markets Response on Housing Policy
JO - Korea Real Estate Review
PY - 2013
VL - 23
IS - 1
PB - korea real estate research institute
SP - 41
EP - 65
SN - 2092-5395
AB - This study examined how the housing policies have effect on the apartment markets by dividing periods such as regulation and deregulation periods in Seoul. To do this, the housing policies were clearly organized since 2003, and regulatory index was defined. An empirical test is performed using monthly panel data from January 2003 to December 2011. During the data period, government’s policies on apartment trade has switched to the deregulation policies from regulation policies in August 2008. According to panel VAR analysis, apartment markets in Seoul reacted against housing policy during regulation period. But apartment markets responded housing policy and did not react the direction of policy during deregulation period. Panel Logit analysis shows generally similar results of panel VAR analysis. The paper finds that the housing policies were efficiency better deregulation policies than regulation policies.
KW - panel VAR;panel Logit;housing policy;regulation index
DO -
UR -
ER -
Kim Moon Sung and Bae, Hyung. (2013). A Study of Seoul Apartment Markets Response on Housing Policy. Korea Real Estate Review, 23(1), 41-65.
Kim Moon Sung and Bae, Hyung. 2013, "A Study of Seoul Apartment Markets Response on Housing Policy", Korea Real Estate Review, vol.23, no.1 pp.41-65.
Kim Moon Sung, Bae, Hyung "A Study of Seoul Apartment Markets Response on Housing Policy" Korea Real Estate Review 23.1 pp.41-65 (2013) : 41.
Kim Moon Sung, Bae, Hyung. A Study of Seoul Apartment Markets Response on Housing Policy. 2013; 23(1), 41-65.
Kim Moon Sung and Bae, Hyung. "A Study of Seoul Apartment Markets Response on Housing Policy" Korea Real Estate Review 23, no.1 (2013) : 41-65.
Kim Moon Sung; Bae, Hyung. A Study of Seoul Apartment Markets Response on Housing Policy. Korea Real Estate Review, 23(1), 41-65.
Kim Moon Sung; Bae, Hyung. A Study of Seoul Apartment Markets Response on Housing Policy. Korea Real Estate Review. 2013; 23(1) 41-65.
Kim Moon Sung, Bae, Hyung. A Study of Seoul Apartment Markets Response on Housing Policy. 2013; 23(1), 41-65.
Kim Moon Sung and Bae, Hyung. "A Study of Seoul Apartment Markets Response on Housing Policy" Korea Real Estate Review 23, no.1 (2013) : 41-65.
