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A Study on the Spatio-temporal Characteristics of Land Price Fluctuation

서수복 1

1동강대학교 국토공간정보연구소

Accredited

ABSTRACT

Land uses and land prices form a cluster spatially influenced by adjacent area and the cluster changes temporally. However, previous studies in Korea are limited to verifying a spatial autocorrelation of land price or to confirming the superiority of price models adjusting spatial characteristics. It is needed to confirm spatio-temporal changes in land market and to determine their characteristics. This study analyzed the land price volatility in time series at all local areas nationwide to confirm the spatial autocorrelation of land price. Moran index of land price change was calculated; relevance between Moran index and economic variables were analyzed and their local spatial distribution patterns were analyzed. Spatial characteristics of land price fluctuation with time in Korean land market were derived and their implication for a policy decision was drawn. As a result, spatial autocorrelation of land price fluctuation differed with time at both nationwide market and Seoul metropolitan market. The spatial autocorrelation showed an inverse proportion to land price volatility and national income. Moreover, the cluster area where the land price volatility forms a group was variable temporally.

Citation status

* References for papers published after 2022 are currently being built.