Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | 이주형 | - |
dc.date.accessioned | 2018-09-04T01:17:15Z | - |
dc.date.available | 2018-09-04T01:17:15Z | - |
dc.date.issued | 2013-06 | - |
dc.identifier.citation | 국토도시공간연구(JOURNAL OF PLANNING AND SPATIAL SCIENCE), Page. 72-78 | en_US |
dc.identifier.uri | https://forecasters.org/wp-content/uploads/gravity_forms/7-2a51b93047891f1ec3608bdbd77ca58d/2013/07/Yoon_JaeHo_ISF2013.pdf | - |
dc.identifier.uri | https://repository.hanyang.ac.kr/handle/20.500.11754/74744 | - |
dc.description.abstract | In order to find out the exact periods of housing bubble burst and the co-movementbetween housing price and the real growth of output in the U.S., this paper adoptsHamilton’s Markov-Switching Model (1989)The findings of this paper are as follows: housing price is procyclical in movementwith the real growth of output during 1970s’, 1980’s, 1990s’ and 2000s’ periods.These results suggest another explanation that when there are extremely large shockssuch as oil shocks, house price is procyclical in movement with the real growth ofoutput, and the procyclical movement occurs in conjunction with big shocks includinghousing bubble bursts in 2000’s periods | en_US |
dc.language.iso | en | en_US |
dc.publisher | 한양대학교 국토도시개발정책 연구소 | en_US |
dc.subject | Housing bubble burst | en_US |
dc.subject | real growth of output | en_US |
dc.subject | co-movement | en_US |
dc.subject | GDP | en_US |
dc.subject | Hamilton’s | en_US |
dc.subject | Markov-Switching Model | en_US |
dc.subject | regime change | en_US |
dc.subject | 2000’s | en_US |
dc.title | The co-movement of housing price and the growth of output | en_US |
dc.type | Article | en_US |
dc.relation.page | 72-78 | - |
dc.relation.journal | 국토도시공간연구(JOURNAL OF PLANNING AND SPATIAL SCIENCE) | - |
dc.contributor.googleauthor | Yoon, Jae Ho | - |
dc.contributor.googleauthor | Lee, Joo Hyung | - |
dc.relation.code | 2012216206 | - |
dc.sector.campus | S | - |
dc.sector.daehak | COLLEGE OF ENGINEERING[S] | - |
dc.sector.department | DEPARTMENT OF URBAN PLANNING AND ENGINEERING | - |
dc.identifier.pid | joo33 | - |
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