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Analysis on the Spillover Effect in the Korean Housing Market: With Quantile Spillover Index 韩国房地产市场溢出效应分析:基于分位数溢出指数
Housing Finance Research Pub Date : 2023-06-01 DOI: 10.52344/hfr.2023.7.1.131
Hee-un Ko, S. Kang
{"title":"Analysis on the Spillover Effect in the Korean Housing Market: With\u0000 Quantile Spillover Index","authors":"Hee-un Ko, S. Kang","doi":"10.52344/hfr.2023.7.1.131","DOIUrl":"https://doi.org/10.52344/hfr.2023.7.1.131","url":null,"abstract":"This paper investigates the regional spillover effect in the Korean housing market, using the spillover Index approach base on the quantile VAR Framework. In order to analyze the spillover effect by economic conditions, the quantile spillover Index was set by dividing the housing market into three categories ; a normal period(quantile q=0.5), a boom period(quantile q=0.95), and a bust period(quantile q=0.05). The results of the empirical analysis are as follows; first, the total spillover effect is greater during a boom period than a bust period, as the effect is amplified by speculative demands in a heated market. Second, Gangnam region acts as a representative ‘spillover transmitter’ in the Korean regional housing market and its price spillover effect is intensified during a boom period, indicating the Gangnam region leads the housing price changes in the country. In addition, this study maps a spillover effect network to analyze a price change path and propose measures to contain the risk of spillover effect.","PeriodicalId":199853,"journal":{"name":"Housing Finance Research","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114597520","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Analysis of Determinants of Household Debts in S. Korea: With Focus on the Income Mobility 韩国家庭债务的决定因素分析:以收入流动性为中心
Housing Finance Research Pub Date : 2023-06-01 DOI: 10.52344/hfr.2023.7.1.5
Seri Park, Giseung Kim
{"title":"Analysis of Determinants of Household Debts in S. Korea: With Focus\u0000 on the Income Mobility","authors":"Seri Park, Giseung Kim","doi":"10.52344/hfr.2023.7.1.5","DOIUrl":"https://doi.org/10.52344/hfr.2023.7.1.5","url":null,"abstract":"5-23","PeriodicalId":199853,"journal":{"name":"Housing Finance Research","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114400611","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The Analysis of Regional Leading and Lagging Relations on the House Price Change in S. Korea 韩国房价变动的区域领先与滞后关系分析
Housing Finance Research Pub Date : 2023-06-01 DOI: 10.52344/hfr.2023.7.1.25
H. Jang
{"title":"The Analysis of Regional Leading and Lagging Relations on the House\u0000 Price Change in S. Korea","authors":"H. Jang","doi":"10.52344/hfr.2023.7.1.25","DOIUrl":"https://doi.org/10.52344/hfr.2023.7.1.25","url":null,"abstract":"","PeriodicalId":199853,"journal":{"name":"Housing Finance Research","volume":"66 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129420682","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Ratio Study to Evaluate the Performance of the Korean Property Tax System: Vertical Equity of Apartment Assessment Price 评价韩国财产税制度绩效的比率研究——公寓评估价格的纵向公平性
Housing Finance Research Pub Date : 2023-06-01 DOI: 10.52344/hfr.2023.7.1.101
S. Jung
{"title":"Ratio Study to Evaluate the Performance of the Korean Property Tax\u0000 System: Vertical Equity of Apartment Assessment Price","authors":"S. Jung","doi":"10.52344/hfr.2023.7.1.101","DOIUrl":"https://doi.org/10.52344/hfr.2023.7.1.101","url":null,"abstract":"","PeriodicalId":199853,"journal":{"name":"Housing Finance Research","volume":"88 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131588967","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
A Comparative Study on a Long-Term Housing Strategy of Developed Countries and Cities 发达国家与城市长期住房战略比较研究
Housing Finance Research Pub Date : 2023-06-01 DOI: 10.52344/hfr.2023.7.1.67
S. Jeon
{"title":"A Comparative Study on a Long-Term Housing Strategy of Developed\u0000 Countries and Cities","authors":"S. Jeon","doi":"10.52344/hfr.2023.7.1.67","DOIUrl":"https://doi.org/10.52344/hfr.2023.7.1.67","url":null,"abstract":"The recent housing price spikes and the consequential surge of housing costs have become a policy focus around the globe, prompting many national and city governments to devise long-term housing plans. These plans incorporate mid-to long-term policy measures to alleviate the cost burden and address the housing issue. As the plans are a product of careful deliberation of the governments, their systematic comparative analysis can provide useful implications and ideas in responding to complex housing issues that can also arise in Korea. Despite the potential value of such analysis, there have been few studies that looked into the recently established long-term housing plans across the border. Against this back drop, this thesis conducted a systematic comparative analysis thereof, examining long-term housing plans of London, Sydney, and Chicago at a city level, and of the United Kingdom, Germany, and the United States at a national level to produce implications. The study demonstrated that their housing plans share some commonalities, as all of them seek to address the acute housing cost burden. In terms of specific policy measures, however, differences were also observed, which are aligned with distinct identities of each country and city.","PeriodicalId":199853,"journal":{"name":"Housing Finance Research","volume":"44 10","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114023584","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
A Search and Matching Model of the Housing Market and the Dynamic Effects of Financial Shocks 住房市场的搜索匹配模型与金融冲击的动态效应
Housing Finance Research Pub Date : 2022-12-01 DOI: 10.52344/hfr.2022.6.2.5
W. Moon
{"title":"A Search and Matching Model of the Housing Market and the Dynamic\u0000 Effects of Financial Shocks","authors":"W. Moon","doi":"10.52344/hfr.2022.6.2.5","DOIUrl":"https://doi.org/10.52344/hfr.2022.6.2.5","url":null,"abstract":"","PeriodicalId":199853,"journal":{"name":"Housing Finance Research","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128812457","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Return Spillover Effects in Apartment Sales, Chonsei, and Monthly Rent Markets 公寓销售、世系和月租市场的回报溢出效应
Housing Finance Research Pub Date : 2022-12-01 DOI: 10.52344/hfr.2022.6.2.123
Daesung Jung
{"title":"Return Spillover Effects in Apartment Sales, Chonsei, and Monthly\u0000 Rent Markets","authors":"Daesung Jung","doi":"10.52344/hfr.2022.6.2.123","DOIUrl":"https://doi.org/10.52344/hfr.2022.6.2.123","url":null,"abstract":"","PeriodicalId":199853,"journal":{"name":"Housing Finance Research","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131201448","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Analysis of Effects of Digital Finance Characteristics on Housing Finance Intention 数字金融特征对住房金融意向的影响分析
Housing Finance Research Pub Date : 2022-12-01 DOI: 10.52344/hfr.2022.6.2.73
Sung-Ho Hu
{"title":"Analysis of Effects of Digital Finance Characteristics on Housing\u0000 Finance Intention","authors":"Sung-Ho Hu","doi":"10.52344/hfr.2022.6.2.73","DOIUrl":"https://doi.org/10.52344/hfr.2022.6.2.73","url":null,"abstract":"","PeriodicalId":199853,"journal":{"name":"Housing Finance Research","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121774305","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The Effect of Base Rate Changes on Initial Yield Spread of Mortgage-Backed Securities in Korea 基准利率变动对韩国抵押贷款支持证券初始收益率差的影响
Housing Finance Research Pub Date : 2022-12-01 DOI: 10.52344/hfr.2022.6.2.51
Byungkwon Lim, Hyungkeun Kim
{"title":"The Effect of Base Rate Changes on Initial Yield Spread of\u0000 Mortgage-Backed Securities in Korea","authors":"Byungkwon Lim, Hyungkeun Kim","doi":"10.52344/hfr.2022.6.2.51","DOIUrl":"https://doi.org/10.52344/hfr.2022.6.2.51","url":null,"abstract":"","PeriodicalId":199853,"journal":{"name":"Housing Finance Research","volume":"53 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132829665","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
A Study on the Determinants of Death Insurance-Linked Housing Pension Subscription 死亡保险挂钩住房养老金缴费决定因素研究
Housing Finance Research Pub Date : 2022-12-01 DOI: 10.52344/hfr.2022.6.2.143
Sunjung Kim
{"title":"A Study on the Determinants of Death Insurance-Linked Housing\u0000 Pension Subscription","authors":"Sunjung Kim","doi":"10.52344/hfr.2022.6.2.143","DOIUrl":"https://doi.org/10.52344/hfr.2022.6.2.143","url":null,"abstract":"","PeriodicalId":199853,"journal":{"name":"Housing Finance Research","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130113132","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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