@article{ART002330582},
author={Hwang, Gwan Seok},
title={An Analysis on the Determinants of Conversion Rate to the Monthly Rent of Jeonse Price: A Structural VAR Approach},
journal={The Korea Spatial Planning Review},
issn={1229-8638},
year={2018},
volume={96},
pages={3-19},
doi={10.15793/kspr.2018.96..001}
TY - JOUR
AU - Hwang, Gwan Seok
TI - An Analysis on the Determinants of Conversion Rate to the Monthly Rent of Jeonse Price: A Structural VAR Approach
JO - The Korea Spatial Planning Review
PY - 2018
VL - 96
IS - null
PB - 국토연구원
SP - 3
EP - 19
SN - 1229-8638
AB - This study reviewed theories about the determinants of conversion rate of Jeonse price to Monthly rent and empirically analyzed the determinants of conversion rate of Jeonse price to Monthly rent through the SVAR model. The variables were selected by theoretically and the SVAR model was constructed with 5 variables such as mortgage loan interest rate, Housing Consumer Sentiment index, mortgage loan balance, Jeonse price to Housing price ratio, including conversion rate of Jeonse price to Monthly rent. Impulse and response function and variance decomposition were analyzed to find the determinants. As a result, in the short term, the conversion rate of Jeonse price to Monthly rent is strongly affected by the interest rate. And in the long term, it is influenced not only by interest rate but by also Housing Consumer Sentiment index, mortgage loan balance. It shows that the conversion rate of Jeonse price to Monthly rent fluctuates according to interest rate, but it can be affected by expectation of housing prices and activation of housing finance.
KW - Conversion Rate of Jeonse Price to Monthly Rent;SVAR Model;Mortgage Loan Interest Rate;Expectation of Housing Prices;Activation of Housing Finance
DO - 10.15793/kspr.2018.96..001
ER -
Hwang, Gwan Seok. (2018). An Analysis on the Determinants of Conversion Rate to the Monthly Rent of Jeonse Price: A Structural VAR Approach. The Korea Spatial Planning Review, 96, 3-19.
Hwang, Gwan Seok. 2018, "An Analysis on the Determinants of Conversion Rate to the Monthly Rent of Jeonse Price: A Structural VAR Approach", The Korea Spatial Planning Review, vol.96, pp.3-19. Available from: doi:10.15793/kspr.2018.96..001
Hwang, Gwan Seok "An Analysis on the Determinants of Conversion Rate to the Monthly Rent of Jeonse Price: A Structural VAR Approach" The Korea Spatial Planning Review 96 pp.3-19 (2018) : 3.
Hwang, Gwan Seok. An Analysis on the Determinants of Conversion Rate to the Monthly Rent of Jeonse Price: A Structural VAR Approach. 2018; 96 3-19. Available from: doi:10.15793/kspr.2018.96..001
Hwang, Gwan Seok. "An Analysis on the Determinants of Conversion Rate to the Monthly Rent of Jeonse Price: A Structural VAR Approach" The Korea Spatial Planning Review 96(2018) : 3-19.doi: 10.15793/kspr.2018.96..001
Hwang, Gwan Seok. An Analysis on the Determinants of Conversion Rate to the Monthly Rent of Jeonse Price: A Structural VAR Approach. The Korea Spatial Planning Review, 96, 3-19. doi: 10.15793/kspr.2018.96..001
Hwang, Gwan Seok. An Analysis on the Determinants of Conversion Rate to the Monthly Rent of Jeonse Price: A Structural VAR Approach. The Korea Spatial Planning Review. 2018; 96 3-19. doi: 10.15793/kspr.2018.96..001
Hwang, Gwan Seok. An Analysis on the Determinants of Conversion Rate to the Monthly Rent of Jeonse Price: A Structural VAR Approach. 2018; 96 3-19. Available from: doi:10.15793/kspr.2018.96..001
Hwang, Gwan Seok. "An Analysis on the Determinants of Conversion Rate to the Monthly Rent of Jeonse Price: A Structural VAR Approach" The Korea Spatial Planning Review 96(2018) : 3-19.doi: 10.15793/kspr.2018.96..001
