The analyses of real estate market and its policy should be promoted with analytical tools to establish efficient strategies by forecasting changes of the market and understanding the spreading effects of the policy.
This study constructs a measuring model that minimizes limitations of existing models and deals with real estate market and macroeconomics comprehensively. The structure model of real estate market is made to analyze the mid- to long-term market changes, real estate impacts and macroeconomics effects on the market.
For the model construction, real estate theories and characteristics of Korean real estate market are reviewed and structural change of the market and the existence of disequilibrium are analyzed. The background of the model is based on Keynsian economics with a monetary approach partially. The model buildings are established on the basis of the property-asset market model, supported by the stock-flow adjustment model as a empirical analysis. (The rest is omitted.)
- 부동산시장 구조모형 연구(A study on structure model of real estate market)
- 손경환;l 김혜승
부동산시장 구조모형 연구(A study on structure model of real estate market)
|Series Title; No||국토연 / 2002-42|
|Subject Country||South Korea(Asia and Pacific)|
|Subject||Economy < Macroeconomics
Territorial Development < National Land Development