WEKO3
アイテム
不動産価格と実体経済 : 住宅地地価に関するファンダメンタルズ・モデルの妥当性
http://hdl.handle.net/10441/13861
http://hdl.handle.net/10441/13861c9bea599-0dbb-4240-9ea3-7e5fa78e53ae
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
経研21_p.45-66 得田雅章.pdf (3.0 MB)
|
|
| Item type | 紀要論文 / Departmental Bulletin Paper(1) | |||||||
|---|---|---|---|---|---|---|---|---|
| 公開日 | 2014-11-21 | |||||||
| タイトル | ||||||||
| タイトル | 不動産価格と実体経済 : 住宅地地価に関するファンダメンタルズ・モデルの妥当性 | |||||||
| 言語 | ||||||||
| 言語 | jpn | |||||||
| 資源タイプ | ||||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_6501 | |||||||
| 資源タイプ | departmental bulletin paper | |||||||
| 著者 |
得田, 雅章
× 得田, 雅章
|
|||||||
| 著者(ヨミ) | ||||||||
| 姓名 | トクダ, マサアキ | |||||||
| 著者別名 | ||||||||
| 姓名 | Tokuda, Masaaki | |||||||
| 抄録 | ||||||||
| 内容記述タイプ | Abstract | |||||||
| 内容記述 | The purpose of this paper is to empirically verify the validity of the fundamentals model on residential land prices from the view of long-run equilibrium and short-term dynamics. First, the national panel data classified by municipal district were consolidated. Next, the equilibrium land prices were derived by panel cointegration analysis. Finally, the error correction models were estimated, though some were not observed in the variables required for analysis. In surveying and data consolidation, GIS (geographic information system) was utilized for the geographical distribution. Two versions of the aggregate land price data for every unit area were prepared the weighted average and the arithmetic average, and these were analyzed in comparison. In various panel estimations, the fixed effects model was adopted. A long-run equilibrium relation was observed by our fundamentals model as the result of panel cointegration analysis. Taxable income, expectation for future land prices, and real interest rates greatly contributed to the formation of the long-run equilibrium land price. The short-term fluctuation from the long-run equilibrium value appeared comparatively, notably in the municipal districts of the major urban areas. However, it was not necessarily a government building location in all prefectures. Next, the composition factor of the change rate of land prices was explored from the view of shortterm dynamics by carrying out a panel estimation of the ECM-type land price function. As a result of examining several models, we confirmed that, even if short-term deviation occurred in both theoretical and actual land prices, about 60 percent of the deviation width is corrected the following year. These were in agreement with the quantitative consequence of the previous work. Many variables used for the verification of short-term dynamics were unstable for the parameters for each model, or its significance. They also showed only a limited degree of incidence. On the other hand, the population variable parameter showed significant and substantial influence in every model. In addition, the model by arithmetic average land price was supported by the weighted average land price, with all the long-run equilibrium land price functions and the ECM-type land price functions, including additional analysis. |
|||||||
| 引用 | ||||||||
| 内容記述タイプ | Other | |||||||
| 内容記述 | 滋賀大学経済学部研究年報, 第21巻, pp. 45-66 | |||||||
| 書誌情報 |
滋賀大学経済学部研究年報 号 第21巻, p. 45-66, 発行日 2014-11 |
|||||||
| ISSN | ||||||||
| 収録物識別子タイプ | ISSN | |||||||
| 収録物識別子 | 1341-1608 | |||||||
| 書誌レコードID | ||||||||
| 収録物識別子タイプ | NCID | |||||||
| 収録物識別子 | AN1047649X | |||||||
| タイトル（ヨミ） | ||||||||
| その他のタイトル | フドウサン カカク ト ジッタイ ケイザイ ジュウタクチ チカ ニ カンスル ファンダメンタルズ モデル ノ ダトウセイ | |||||||
| その他の言語のタイトル | ||||||||
| その他のタイトル | Real Estate Price and Real Economy : Validity of the Fundamentals Model on Residential Land Prices | |||||||
| 出版者 | ||||||||
| 出版者 | 滋賀大学経済学部 | |||||||
| 資源タイプ | ||||||||
| 内容記述タイプ | Other | |||||||
| 内容記述 | Departmental Bulletin Paper | |||||||
