교육서비스가 서울 아파트가격에 미치는 영향 - 서울 강남구 지역의 실거래가를 중심으로

Impact of Education Service on Seoul Apartment Price - A Case Study of Gangnam-Gu"s Actual Price -

&nbsp;&nbsp;1. CONTENTS<BR>&nbsp;&nbsp;(1) RESEARCH OBJECTIVES<BR>&nbsp;&nbsp;This study explores how and to which extent school service is capitalized into housing price by using apartment sales data in Gangnam-Gu area. We constructed a new type of data set and various variables that can explain school service quality or education environment by combining geographic information and the neighborhood characteristics of each apartment.<BR>&nbsp;&nbsp;(2) RESEARCH METHOD<BR>&nbsp;&nbsp;OLS. Hedonic Price<BR>&nbsp;&nbsp;(3) RESEARCH RESULTS<BR>&nbsp;&nbsp;As results showed actual Gangnam-gu APT price estimates of 2 models, model1 included physical and distance characteristics, model2 is added to education service. Model2 has a higher adjusted R2 than model1. Finally we adopted to the Hedonic Price function, and found evidence that school characteristics, for example, the number of students that enter into a good advanced school and distance to elementary school significantly affect housing price.<BR>&nbsp;&nbsp;2. RESULTS<BR>&nbsp;&nbsp;As a result of the hedonic price function analysis, housing price has been affected by education service.