2011, Vol.69, No.

The Korea Spatial Planning Review 2023 KCI Impact Factor : 1.2

pISSN : 1229-8638
https://journal.kci.go.kr/krihs

This empirical article examines the issue of whether movements in sales explain subsequent movement in price or the converse in housing market in Korea. This paper analyzes the housing markets in 14 metropolitan in Korea from Jan 2006 to Sep 2010, with GARCH model and VAR model on panel data of prices and volume, and several exogenous variables(consumer price index, household loan market, bond market, stock market). This empirical results reveal that (i) housing trading volume Granger cause housing price, and vice versa. This result support some part of the theory that price has impact on volume in tight market. (ii) the effect of volume variation of current and previous periods on price variation is statistically significant, but there was no evidence of leverage effect and asymmetry. (iii) The increase of volume always causes the subsequent price higher, and the increase of price always causes the subsequent volume higher. These results is because of the mutual Granger causality. (iv) The relation of price and volume is affected with the conditions of CPI, loan market, bond market, and stock market. This paper, however, has a limitation that data are collected largely from increasing periods of trading volume and sales prices.

This study aims to suggest better ways to apply land use-transportation integrated model to identify and address the issues and problems that have emerged and been pended in the urban planning world. We were to construct a new model using G-LUM, a spatial interaction model developed and widely used recent days, and variables that complements the spatial interaction mode. Then we created indexes based on the results of the pre-described model evaluation to evaluate the consistency among the established urban plans. According to the evaluation results, the adopted population by Metropolitan City-Region Planning has the highest level of consistency. The integrated model developed through this study is able to be utilized as a tool to evaluate the planning consistency in urban planning processes, a means to support planning decision making processes and even a methodology to handle the environmental changes such as carbon emission. This study suggested an integrated model by connecting diverse variables and applied the model to an urban area. It is meaningful as this study suggested ways to diagnose the consistency among plans based on the cases and ways to apply the model to real-world urban planning processes.

This study purposed to examine the trend in the operability of sub-centers those are centripetal points forming the urban multi-nuclei structure. For this purpose, we analyzed the temporal and spatial patterns of change in population centripetal force by applying the population potential function to five sub-centers of Busan during from 1970 to 2010. According to the results of the analysis, all of the five sub-centers had influenced as the center of the area, but as a whole, the stage of deconcentration in the urban development process was observed, suggesting a trend evolving toward an inefficient spatial structure. In the results of analysis by sub-center, the Hadan area had maintained its influence continuously, but Dongrae and Gupo had been losing their influence steadily. In addition, the influence of the Sasang area was below the average. In case of Haeundae, its influence kept decreasing until 2000 and rebounded from that time on. In the current situation, Busan needs reurbanization for establishing an efficient urban spatial structure, and for this, it is necessary to make management plans for the functions of the downtowns and adjoining areas in order to strengthen the population centripetal force of the sub-centers.