지원사업
학술연구/단체지원/교육 등 연구자 활동을 지속하도록 DBpia가 지원하고 있어요.
커뮤니티
연구자들이 자신의 연구와 전문성을 널리 알리고, 새로운 협력의 기회를 만들 수 있는 네트워킹 공간이에요.
초록· 키워드
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The purpose of this study is to figure out the effect of the initial housing prices on the housingprice cycle duration. This study explores whether duration dependence on the housing price cycleis sensitive to the initial price. We used Cox proportional hazard model and tested thegoodness-of-fit of the model with link test.
Analysis results show that the evidence of duration dependence is sensitive to the initial priceboth in upturn and downturn period. In particular, we find that the bigger the initial price variationis, the longer the housing price cycle lasts. In consideration of the analysis results, we can inferthat the initial housing price could stimulate the investors' expectations and also make housingprice cycle stay longer.
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참고문헌 (22)
참고문헌 신청
/ / 국민은행 홈페이지
Anglin, Paul M. / 2003 / The Trade-off Between the Selling Price of Residential Properties and Time-on-the-Market : The Impact of Price Setting / The Journal of Real Estate
Bracke, Philippe / 2011 / How Long Do Housing Cycles Last? A Duration Analysis for 19 OECD Countries
Cheng, Ping / 2008 / A Model of Time-on-market and Real Estate Price Under Sequential Search with Recall / Real Estate Economics 36 : 817 ~ 847
Cleves, Mario / 2010 / An Introduction to Survival Analysis Using STATA / Stata Press
Anglin, Paul M. / 2003 / The Trade-off Between the Selling Price of Residential Properties and Time-on-the-Market : The Impact of Price Setting / The Journal of Real Estate
Bracke, Philippe / 2011 / How Long Do Housing Cycles Last? A Duration Analysis for 19 OECD Countries
Cheng, Ping / 2008 / A Model of Time-on-market and Real Estate Price Under Sequential Search with Recall / Real Estate Economics 36 : 817 ~ 847
Cleves, Mario / 2010 / An Introduction to Survival Analysis Using STATA / Stata Press
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