표 7 주택 유형별 동적 회귀분석 추정 결과 비교

변수	주택종합가격 모형	아파트가격 모형	연립·다세대가격 모형	단독주택가격 모형
△Quintilet-1	-0.299**(0.128)	-0.299**(0.128)	-0.297**(0.128)	-0.297**(0.129)
△ln(House)t-2	2.321**(1.068)	-	-	-
△ln(APT)t-2	-	1.629*(0.863)	-	-
△ln(MFH)t-2	-	-	2.642**(1.189)	-
△ln(SFH)t-2	-	-	-	8.921(6.935)
△Inft	0.129*(0.065)	0.129*(0.065)	0.129*(0.066)	0.134**(0.064)
Growtht-1	-0.061(0.037)	-0.062(0.038)	-0.060*(0.035)	-0.054(0.034)
△Ratet-1	0.071(0.101)	0.073(0.102)	0.068(0.101)	0.057(0.093)
△Employt	0.185(0.140)	0.182(0.141)	0.199(0.136)	0.197(0.137)
Reformt	-0.119(0.075)	-0.120(0.074)	-0.112(0.077)	-0.141*(0.074)
GFCt	0.065(0.054)	0.070(0.056)	0.044(0.047)	0.068(0.050)
Constant	0.050(0.064)	0.054(0.064)	0.048(0.066)	0.028(0.058)
모형 진단 지표
N	73	73	73	73
Adj-R2	0.257	0.255	0.258	0.261
F-statistic	7.09***	7.13***	7.75***	7.09***

주 : 1) 유의수준: p<0.1,
p<0.05,
p<0.01.
2) 괄호 안의 값은 Newey-West HAC 표준오차를 나타낸다.
3) APT, apartment; MFH, multi-family housing; SFH, single-family housing; Inf, inflation; GFC, global financial crisis; HAC, heteroskedasticity and autocorrelation consistent.