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...

Full description

Bibliographic Details
Main Authors: Lee, Jun hee, Song, Joon hyuk
Format: Article
Language:English
Published: Korea Development Institute 2007-06-01
Series:KDI Journal of Economic Policy
Subjects:
Online Access:https://doi.org/10.23895/kdijep.2005.29.1117