아파트 가격과 거시경제변수

Apartment Price and Macroeconomic Variables

The paper aims to investigate factor structure of apartment price and to interpret economic meaning of significant factors using Arbitrage Pricing Model(APM). In this study, the samples of 250 apartment are selected for the data of apartment price change the period of 2000 through 2005. And the sizes of portfolios were structured as 20, 30, 40, 50 areas. The factor analysis and regression analysis were used to find out the number of significant common factors. canonical correlation analysis as a multivariateapproach were performed. The corresponding factor scores of significant factors were used as the dependent variables while the five economic variables were used as the independent variables