@article{ART002092647},
author={Byeon, Seh-Il and 황관석 and Chungyu Park},
title={An Analysis on Economic Effects of Increase in Housing Transactions},
journal={The Korea Spatial Planning Review},
issn={1229-8638},
year={2016},
volume={88},
pages={43-63},
doi={10.15793/kspr.2016.88..003}
TY - JOUR
AU - Byeon, Seh-Il
AU - 황관석
AU - Chungyu Park
TI - An Analysis on Economic Effects of Increase in Housing Transactions
JO - The Korea Spatial Planning Review
PY - 2016
VL - 88
IS - null
PB - 국토연구원
SP - 43
EP - 63
SN - 1229-8638
AB - This study aims to analyze the economic effects of increase in housing transactions using the simultaneous equations model and the input-output analysis. This study was conducted in two stages. First, we estimated the impact of increase in housing transactions on private consumption expenditure and residential building construction investment using the simultaneous equations model(K-MEM’14 model of KRIHS) and then used this result as a change of final demand for input-output analysis. Second, we analyzed the economic effect of increase in housing transactions in the real estate industries, related industries, and other industries using the input-output analysis. We can conclude that net growth of 153 thousands of housing transactions in 2013~2014 causes 2.234 trillion won in private consumption spending and 1.155 trillion won in residential building construction investment. And, these increase of final demand induces production of 6.65 trillion won, the value-added of 2.26 trillion won, the employment of 32.2 thousand people and wages of 1.15 trillion won. Finally, we could confirm that increase in housing transactions entirely contribute to national economy growth including real estate industry and related industry.
KW - Housing Transactions;Simultaneous Model;Input-Output Analysis;Economic Effects;Real Estate Industry
DO - 10.15793/kspr.2016.88..003
ER -
Byeon, Seh-Il, 황관석 and Chungyu Park. (2016). An Analysis on Economic Effects of Increase in Housing Transactions. The Korea Spatial Planning Review, 88, 43-63.
Byeon, Seh-Il, 황관석 and Chungyu Park. 2016, "An Analysis on Economic Effects of Increase in Housing Transactions", The Korea Spatial Planning Review, vol.88, pp.43-63. Available from: doi:10.15793/kspr.2016.88..003
Byeon, Seh-Il, 황관석, Chungyu Park "An Analysis on Economic Effects of Increase in Housing Transactions" The Korea Spatial Planning Review 88 pp.43-63 (2016) : 43.
Byeon, Seh-Il, 황관석, Chungyu Park. An Analysis on Economic Effects of Increase in Housing Transactions. 2016; 88 43-63. Available from: doi:10.15793/kspr.2016.88..003
Byeon, Seh-Il, 황관석 and Chungyu Park. "An Analysis on Economic Effects of Increase in Housing Transactions" The Korea Spatial Planning Review 88(2016) : 43-63.doi: 10.15793/kspr.2016.88..003
Byeon, Seh-Il; 황관석; Chungyu Park. An Analysis on Economic Effects of Increase in Housing Transactions. The Korea Spatial Planning Review, 88, 43-63. doi: 10.15793/kspr.2016.88..003
Byeon, Seh-Il; 황관석; Chungyu Park. An Analysis on Economic Effects of Increase in Housing Transactions. The Korea Spatial Planning Review. 2016; 88 43-63. doi: 10.15793/kspr.2016.88..003
Byeon, Seh-Il, 황관석, Chungyu Park. An Analysis on Economic Effects of Increase in Housing Transactions. 2016; 88 43-63. Available from: doi:10.15793/kspr.2016.88..003
Byeon, Seh-Il, 황관석 and Chungyu Park. "An Analysis on Economic Effects of Increase in Housing Transactions" The Korea Spatial Planning Review 88(2016) : 43-63.doi: 10.15793/kspr.2016.88..003
