Analysis on the Spillover Effect in the Korean Housing Market: With Quantile Spillover Index
نویسندگان
چکیده
This paper investigates the regional spillover effect in Korean housing market, using Index approach base on quantile VAR Framework. In order to analyze by economic conditions, was set dividing market into three categories ; a normal period(quantile q=0.5), boom q=0.95), and bust q=0.05). The results of empirical analysis are as follows; first, total is greater during period than period, amplified speculative demands heated market. Second, Gangnam region acts representative ‘spillover transmitter’ its price intensified indicating leads changes country. addition, this study maps network change path propose measures contain risk effect.
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ژورنال
عنوان ژورنال: ??????
سال: 2023
ISSN: ['2586-4629', '2765-5407']
DOI: https://doi.org/10.52344/hfr.2023.7.1.131