Can government stabilize the housing market? The evidence from South Korea

被引：0

作者：

Jang, Hanwool ^{[1
]}

Song, Yena ^{[2
]}

Ahn, Kwangwon ^{[3
]}

机构：

[1] Korea Adv Inst Sci & Technol, Grad Sch Future Strategy, Daejeon 34141, South Korea

[2] Chonnam Natl Univ, Dept Geog, Gwangju 61186, South Korea

[3] Yonsei Univ, Dept Ind Engn, Seoul 03722, South Korea

来源：

PHYSICA A-STATISTICAL MECHANICS AND ITS APPLICATIONS | 2020年 / 550卷

基金：

新加坡国家研究基金会;

关键词：

Housing policy; Bubble; Long-run equilibrium; Market efficiency; REAL-ESTATE BUBBLE; FINANCIAL BUBBLES; HURST EXPONENT; STOCK;

D O I：

10.1016/j.physa.2019.124114

中图分类号：

O4 [物理学];

学科分类号：

0702 ;

摘要：

This study aims to examine the effectiveness of government policies in stabilizing the housing market in South Korea. Analysis of condominium prices between 2012 and 2019 in conjunction with housing policy and regime changes reveals that: (1) housing policies effectively restrained the rapid increase of housing prices; (2) market efficiency was also improved; and (3) finally, housing prices approached close to long-run equilibrium. Our findings strongly indicate that government policies can be effective tools to stabilize housing prices, as well as improve market conditions. (C) 2019 Published by Elsevier B.V.

引用

页数：8

共 50 条

[21] The motherhood effect on labour market outcomes: evidence from South Korea
Kim, Anna
Hahn, Youjin
[J]. ASIAN-PACIFIC ECONOMIC LITERATURE, 2022, 36 (02) : 71 - 88
[22] Free trade agreements and market integration: Evidence from South Korea
Lim, Eun Son
Breuer, Janice Boucher
[J]. JOURNAL OF INTERNATIONAL MONEY AND FINANCE, 2019, 90 : 241 - 256
[23] Stock Market Reaction to Corporate Crime: Evidence from South Korea
Chanhoo Song
Seung Hun Han
[J]. Journal of Business Ethics, 2017, 143 : 323 - 351
[24] Stock Market Reaction to Corporate Crime: Evidence from South Korea
Song, Chanhoo
Han, Seung Hun
[J]. JOURNAL OF BUSINESS ETHICS, 2017, 143 (02) : 323 - 351
[25] The impact of public procurement on market competition: evidence from South Korea
Koh, Kanghyock
Lee, Jinhyuk
[J]. APPLIED ECONOMICS LETTERS, 2024,
[26] Can the introduction of stock index futures stabilize the volatility of the stock market? Evidence from the Chinese stock market
Liu, Shengnan
Yang, Linshan
Gu, Rongbao
[J]. INTERNATIONAL REVIEW OF ECONOMICS & FINANCE, 2023, 85 : 44 - 58
[27] Participatory budgeting and the pattern of local government spending: Evidence from South Korea
Lee, Dongwon
Min, Sujin
[J]. EUROPEAN JOURNAL OF POLITICAL ECONOMY, 2023, 76
[28] Fiscal Decentralization and the Composition of Local Government Expenditure: Evidence from South Korea
Park, Jinsol
[J]. PUBLIC FINANCE REVIEW, 2022, 50 (01) : 62 - 90
[29] Internal Efficiency and Turnover Intention: Evidence From Local Government in South Korea
Campbell, Jesse W.
Im, Tobin
Jeong, Jisu
[J]. PUBLIC PERSONNEL MANAGEMENT, 2014, 43 (02) : 259 - 282
[30] Participatory budgeting and government efficiency: evidence from municipal governments in South Korea
Jung, Sun-Moon
[J]. INTERNATIONAL REVIEW OF ADMINISTRATIVE SCIENCES, 2022, 88 (04) : 1105 - 1123

← 1 2 3 4 5 →