A study on the impact of changes in consumer sentiment on the housing market in Korea

Haejung Chun

International Journal of Urban Sciences, 2017, vol. 21, issue 2, 129-146

Abstract: This study examined the effect of consumer sentiment on housing market upon the trading volume and price in the housing market through the panel Vector Auto-Regression analysis employed on monthly data collected from 15 metropolitan cities and local provinces in Korea. Results of the empirical analysis revealed the positive (+) influence of consumer sentiment upon trading volume and price in the housing market together with the negative (−) influence of interest rate of CDs and actual construction of residential buildings and the positive (+) one of the index of industrial production upon trading price in the housing market. The results imply that the moves of trading volume and price in the housing market would be dependent on the speculation on trading price of houses in the housing market. It also suggests that the consumer sentiment can be employed as a variable to predict moves in the housing market.

Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/12265934.2016.1239548 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:rjusxx:v:21:y:2017:i:2:p:129-146

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rjus20

DOI: 10.1080/12265934.2016.1239548

Access Statistics for this article

International Journal of Urban Sciences is currently edited by Dongjoo Park and Mack Joong Choi

More articles in International Journal of Urban Sciences from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().