세종·대전·충청지역 간 아파트 가격과 거래량의 상호 영향관계 연구

A Study on the Mutual Influence of Apartment Prices and Transaction Volume among Sejong, Daejeon, and Chungcheong Areas

The purpose of this study is to analyze the influence and reaction relationship between the price and trading volume of the housing market among Sejong, Daejeon, and Chungnam. For the purpose of this study, this study applied monthly data from the Korea Appraisal Board from July 2012 to August 2020 as the actual apartment transaction price index and number of transactions in Daejeon, Sejong, and Chungnam. According to the results of the VEC analysis, it can be confirmed that the long-term equilibrium relationship between regions shows a positive causal relationship with each other overall. It can be seen that during the analysis target period, the actual transaction price index and the number of transactions were generally similar. Through the analysis of the impulse response function, the actual transaction price index in Daejeon shows a positive (+) effect on the region to be analyzed, but the actual transaction price index and the number of transactions in Sejong and Chungnam regions are negative (-). It has been shown to have an impact and play a competitive role. According to the results of variance decomposition analysis, it was found that the Daejeon real transaction price index has a high impact on the real estate market in Daejeon, Sejong, and Chungnam regions, and the actual transaction price index in Daejeon, Sejong, and Chungnam regions has an effect on the Daejeon actual transaction price index. It was found to be the largest except for its own variable. In the case of the transaction status, the actual transaction price index of each region was found to have a large effect on the actual transaction price index of Sejong, and it was confirmed that the formation of the actual transaction price index in the new city had an effect on the transaction status.