不動産価格の高騰要因に関する実証分析

• 金　 東煥

  京都大学大学院経済学研究科　博士後期課程

書誌事項

タイトル別名

• Empirical analysis regarding the sudden rise factor of real estate price
• 不動産価格の高騰要因に関する実証分析--日本と韓国の国際比較
• フドウサン カカク ノ コウトウ ヨウイン ニ カンスル ジッショウ ブンセキ ニホン ト カンコク ノ コクサイ ヒカク
• ―日本と韓国の国際比較―
• ─International comparison of Japan and Korea─

抄録

Since the late of 80's, Korea has been experienced rapid increases in land prices. For example, Korea's total land asset price reached to the amount which can purchase Canada more than twice at the end of 2008. Purpose of this study is to find how Korean land price will be stabilized and what exact reason of rise is. As the first step, in this paper, I tried to compare Japanese real estate bubble period and Korea's sudden rise period through the use of time series analysis techniques　（Such as the Granger causality test） with macroeconomic variables of each country. Then I try to consider whether Korean real estate price follows Japanese bubble period. At the result, price, real economy and stock price of each country give same effect to the land price of Japan and Korea in the period of land price rise. However, interest rate and money supply show different effect which is caused by different economical back ground of Japan and Korea.

収録刊行物

• 日本不動産学会誌

  日本不動産学会誌 24 (2), 139-150, 2010

  公益社団法人 日本不動産学会

キーワード

• land price
• VAR
• Granger causality test
• impulse response function
• Korea property market
• macroeconomic variables,
• real estate bubble period

詳細情報

• CRID: 1390001205512220288
• NII論文ID: 130005091513
• NII書誌ID: AN10028750
• DOI: 10.5736/jares.24.2_139
• ISSN: 21859531
• ISSN: 09113576
• NDL書誌ID: 10873361
• Web Site: https://ndlsearch.ndl.go.jp/books/R000000004-I10873361
• 本文言語コード: ja
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