주택가격 안정정책의 효과에 관한 연구

Effectiveness Analysis of the Policy for Housing Price-Stabilization - Focused on Regulation of Housing Price-

1. CONTENS (1) RESEARCH OBJECTIVES The purpose of this study is to evaluate Price cap regulation of housing in Korea using the statistics analysis for housing prices. (2) RESEARCH METHOD This study was focused on Autoregressive Multi-Analysis. Especially this study used to One Group Pre-test and Post-test Design analysis and the analysis of Time Series Interruption in Quasi-Experimental Method (3) RESEARCH FINDINGS It was shown that the price of housing market was going UP according to government intervention. Shortly, government failure was occurred. 2. RESULTS According to the effectiveness analysis of the housing price control policy, the essential effect that Government intended - to make market stable through the decrease in housing price - did not come UP, but the side effect was strongly brought UP. It was shown that the "rice of housing market was going UP according to government intervention. Shortly, government failure was occurred. Since the second half of 2007 year, Government have turned back to the policy that new apartment prices are regulated, which is called 'Price cap regulation of housing'. Although 'Price cap regulation of housing' is expected to somewhat ease the rise in the housing "rice from liberalization of housing price, there still remains the doubt that it could be limited to come down the existing housing price in the long view.