@article{ART000999139},
author={임재만},
title={Are Regional Residential Property Markets Integrated?},
journal={The Korea Spatial Planning Review},
issn={1229-8638},
year={2002},
volume={34},
pages={1-13}
TY - JOUR
AU - 임재만
TI - Are Regional Residential Property Markets Integrated?
JO - The Korea Spatial Planning Review
PY - 2002
VL - 34
IS - null
PB - 국토연구원
SP - 1
EP - 13
SN - 1229-8638
AB - This paper examines if there is a long-run relationship between the time series representing regional housing markets via cointegration and multi index arbitrage pricing model(APM). Before testing cointegration, I check the stationarity of the time series by unit root test, and if there are casuality between the regional residential markets. I estimate and test the significance of the coefficients of APM. Cointegration tests result in there is cointegrating factor in the regional residential markets. But as the results of APM tests, there exists the evidences that the regional residential markets and apartment markets are cointegrated, and single family housing market and multi-family housing markets are segmented.
KW - arbitrage pricing model(APM);casuality;cointegration;integration;residential property;unit root
DO -
UR -
ER -
임재만. (2002). Are Regional Residential Property Markets Integrated?. The Korea Spatial Planning Review, 34, 1-13.
임재만. 2002, "Are Regional Residential Property Markets Integrated?", The Korea Spatial Planning Review, vol.34, pp.1-13.
임재만 "Are Regional Residential Property Markets Integrated?" The Korea Spatial Planning Review 34 pp.1-13 (2002) : 1.
임재만. Are Regional Residential Property Markets Integrated?. 2002; 34 1-13.
임재만. "Are Regional Residential Property Markets Integrated?" The Korea Spatial Planning Review 34(2002) : 1-13.
임재만. Are Regional Residential Property Markets Integrated?. The Korea Spatial Planning Review, 34, 1-13.
임재만. Are Regional Residential Property Markets Integrated?. The Korea Spatial Planning Review. 2002; 34 1-13.
임재만. Are Regional Residential Property Markets Integrated?. 2002; 34 1-13.
임재만. "Are Regional Residential Property Markets Integrated?" The Korea Spatial Planning Review 34(2002) : 1-13.
