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전세 계약의 레버리지 가설과 운용소득 가설의 검정- 일반 및 재건축 아파트먼트와 오피스텔 하부시장에 대한 실증분석 -

Title
전세 계약의 레버리지 가설과 운용소득 가설의 검정- 일반 및 재건축 아파트먼트와 오피스텔 하부시장에 대한 실증분석 -
Author
최창규
Keywords
전세; 운용소득 가설; 레버리지 가설; 오피스텔; 아파트먼트; Jeonse; Interest-seeking Hypothesis; Leverage-effect-seeking Hypothesis; Office-tel; Apartment
Issue Date
2013-09
Publisher
한국부동산분석학회
Citation
不動産學硏究, Vol.19 No.3 [2013], 27-43
Abstract
Jeonse is unique in the world, but universal in Korea. There are two different hypothesis that explain the reason why the system is existed, the interest-seeking hypothesis and leverage-effect hypothesis. The leverage-effect hypothesis by Lee et. al. (2002) has offered the new frame for interpreting the Korean housing rental market. Lee et. al. (2009) examined the two hypothesis by empirical analysis of a certain apartment market. They proved that the leverage-effect hypothesis is better to describe the jeonse system. To overcome the limited empirical data by Lee. et. al. (2009) and to verify the leverage-effect hypothesis and the interest-seeking hypothesis, this study is conducted for three different sub-markets. The interest-seeking hypothesis and leverage-effect hypothesis are tested in eac sub-market. The same as the result as Lee. et. al. (2009) showed, the interest-seeking hypothesis did not show a meaningful result for any sub-market. The leverage-effect hypothesis has been insisted that it is applicable for the apartment market by Lee. et. al. (2009). However, it does not show a significant result in the office-tel market by this researc. It means that the leverage-effect hypothesis cannot explain the opportunity cost of jeonse deposit for itself. The hypothesis is not universal on the unique jeonse system.
URI
https://www.kci.go.kr/kciportal/ci/sereArticleSearch/ciSereArtiView.kci?sereArticleSearchBean.artiId=ART001810849http://hdl.handle.net/20.500.11754/44531
ISSN
1229-4403
Appears in Collections:
COLLEGE OF ENGINEERING[S](공과대학) > URBAN PLANNING AND ENGINEERING(도시공학과) > Articles
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