The Effects of Rate of Return on Financial Assets on the Profitability of the Office Rental Market in Seoul

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概要

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• This paper reports an analysis of the effects of financial assets on the rate of return in the office rental market of Seoul. Using the Vector Autoregressive (VAR) Model, Impulse Response Analysis (IRA) and Variance Decomposition (VD), this paper reveals that interest rates and housing prices have negative effects on the profitability of the office rental market over the short-term due to competition, while the economic growth rate has a positive effect. Profitability tends to be sensitive to changes in the interest rates over the short term and the growth rate of GDP in the long run.JEL Classification: L850, R200, R330

• 日本地域学会の論文

著者

• PARK Hyun

  R2 Korea

• KIM Euijune

  Department of Agricultural Economics and Rural Development, Seoul National University (Corresponding

• LEE Hyun

  R2 Korea

• KIM Euijune

  Department of Agricultural Economics and Rural Development, Seoul National University (Corresponding Auther)

• KIM Euijune

  Department of Agricultural Economics and Rural Development, Seoul National University

関連論文

• Regional Potential Outputs and Output Gaps in Korea
• The Effects of Rate of Return on Financial Assets on the Profitability of the Office Rental Market in Seoul
• ECONOMIC EFFECTS OF ITS DEVELOPMENT STRATEGIES IN KOREA

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