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외환위기 전후 주택시장 구조변화와 주택정책(Structural changes in the housing market and government policy: Before and after the outbreak of the Asian currency crisis of 1997)

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  • 외환위기 전후 주택시장 구조변화와 주택정책(Structural changes in the housing market and government policy: Before and after the outbreak of the Asian currency crisis of 1997)
  • 김경환
  • 한국경제학회


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Title 외환위기 전후 주택시장 구조변화와 주택정책(Structural changes in the housing market and government policy: Before and after the outbreak of the Asian currency crisis of 1997)
Similar Titles
Material Type Articles
Author(Korean)

김경환

Publisher

[서울]:한국경제학회

Date 2007
Journal Title; Vol./Issue 경제학연구:vol. 55(no. 4)
Pages 31
Subject Country South Korea(Asia and Pacific)
Language Korean
File Type Link
Subject Economy < Economic Administration
Territorial Development < National Land Development
Holding KEA

Abstract

This paper traces two of the three major structural changes in the Korean housing market since the 1980s, one attributable to the outbreak of the economic crisis in 1997 and the other attributable to the current government. The first part of the paper relates to the economic crisis. After describing the impact of the economic crisis on the real estate sector focusing on the housing market trends and the housing finance system, it evaluates the effectiveness of the policy measures aimed at stabilizing the real estate sector in the aftermath of the crisis. The second part is about the more fundamental and long-lasting impact of the structural changes brought about since 2003. It describes the evolution of house prices, identifies the causes of the house price hike and then conducts a critical review of government policy. (The rest omitted)