An Analysis of Korean House Prices Movements with Asset Pricing Models
Korean house prices have risen rapidly since year 2001 and there have been some worries that the recent house price hikes are too excessive. This paper empirically analyzes the movement of Korean house prices and derives some implications from it, based on three different theoretical asset pricing m...
Main Authors: | , |
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Format: | Article |
Language: | English |
Published: |
Korea Development Institute
2007-06-01
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Series: | KDI Journal of Economic Policy |
Subjects: | |
Online Access: | https://doi.org/10.23895/kdijep.2005.29.1117 |