@article{ART001505189},
author={임재만},
title={Trends of Determinants of Housing Price in Seoul, Korea: A Quantile Regression Analysis},
journal={The Korea Spatial Planning Review},
issn={1229-8638},
year={2010},
volume={67},
pages={41-56},
doi={10.15793/kspr.2010.67..003}
TY - JOUR
AU - 임재만
TI - Trends of Determinants of Housing Price in Seoul, Korea: A Quantile Regression Analysis
JO - The Korea Spatial Planning Review
PY - 2010
VL - 67
IS - null
PB - 국토연구원
SP - 41
EP - 56
SN - 1229-8638
AB - This article is written from idea that determinants of house prices are different across distribution of house prices. Ordinary least squares method, which estimates conditional mean function, and quantile regression method, estimated for each quantile of conditional distribution of house prices, are used to estimate hedonic price model.
The results show that buyers of higher-priced homes value certain housing characteristics differently from customers of lower-priced homes. For Example, the age of house is negative to house prices below 50% quantiles, however positive above 60% quantiles of house price distribution. Hedonic price models are estimated on the data from year 2000 to year 2009 of apartment sales prices in Seoul, Korea, the magnitude and importance of regression coefficients vary with the cycles of general and housing business. Trends of coefficients of two estimation methods show some similarities and differences, especially redevelopment and residential-commercial complex are differ across quantiles of house prices.
KW - Quantile Regression;Hedonic Price Model;House Price
DO - 10.15793/kspr.2010.67..003
ER -
임재만. (2010). Trends of Determinants of Housing Price in Seoul, Korea: A Quantile Regression Analysis. The Korea Spatial Planning Review, 67, 41-56.
임재만. 2010, "Trends of Determinants of Housing Price in Seoul, Korea: A Quantile Regression Analysis", The Korea Spatial Planning Review, vol.67, pp.41-56. Available from: doi:10.15793/kspr.2010.67..003
임재만 "Trends of Determinants of Housing Price in Seoul, Korea: A Quantile Regression Analysis" The Korea Spatial Planning Review 67 pp.41-56 (2010) : 41.
임재만. Trends of Determinants of Housing Price in Seoul, Korea: A Quantile Regression Analysis. 2010; 67 41-56. Available from: doi:10.15793/kspr.2010.67..003
임재만. "Trends of Determinants of Housing Price in Seoul, Korea: A Quantile Regression Analysis" The Korea Spatial Planning Review 67(2010) : 41-56.doi: 10.15793/kspr.2010.67..003
임재만. Trends of Determinants of Housing Price in Seoul, Korea: A Quantile Regression Analysis. The Korea Spatial Planning Review, 67, 41-56. doi: 10.15793/kspr.2010.67..003
임재만. Trends of Determinants of Housing Price in Seoul, Korea: A Quantile Regression Analysis. The Korea Spatial Planning Review. 2010; 67 41-56. doi: 10.15793/kspr.2010.67..003
임재만. Trends of Determinants of Housing Price in Seoul, Korea: A Quantile Regression Analysis. 2010; 67 41-56. Available from: doi:10.15793/kspr.2010.67..003
임재만. "Trends of Determinants of Housing Price in Seoul, Korea: A Quantile Regression Analysis" The Korea Spatial Planning Review 67(2010) : 41-56.doi: 10.15793/kspr.2010.67..003
