표 13 오피스의 공실률과 임대료 간 관계 : YBD

변수 종속변수(Y) : Diff.임대료 종속변수(Y) : Diff.공실률
독립변수(X) : Diff.공실률 독립변수(X) : Diff.임대료
Mode1_1 Model1_2 Model1_3 Model1_4 Model1_5 Model2_1 Model2_2 Model2_3 Model2_4 Model2_5
ARDL(1,0) ARDL(1,1) ARDL(1,2) ARDL(2,1) ARDL(2,2) ARDL(1,0) ARDL(1,1) ARDL(1,2) ARDL(2,1) ARDL(2,2)
Yt-1 –0.385** –0.361** –0.312* –0.244 –0.204 –0.004 –0.007 –0.037 –0.043 –0.036
(0.166) (0.170) (0.177) (0.181) (0.185) (0.171) (0.175) (0.195) (0.195) (0.199)
Yt-2 0.300 0.285 –0.024 –0.022
(0.178) (0.179) (0.206) (0.209)
Xt –0.048 –0.047 –0.043 –0.046 –0.045 –0.445 –0.478 –0.516 –0.457 –0.530
(0.057) (0.057) (0.058) (0.057) (0.057) (0.537) (0.587) (0.639) (0.624) (0.663)
Xt-1 0.045 0.056 0.059 0.058 –0.090 –0.001 –0.057 0.011
(0.054) (0.059) (0.057) (0.057) (0.583) (0.628) (0.613) (0.648)
Xt-2 –0.068 –0.060 0.242 0.240
(0.061) (0.060) (0.627) (0.639)
상수 0.175*** 0.163*** 0.168*** 0.114* 0.119** 0.206 0.222 0.180 0.213 0.183
(0.046) (0.048) (0.049) (0.056) (0.057) (0.144) (0.177) (0.200) (0.187) (0.206)
N 33 33 32 32 32 33 33 32 32 32
adj_R2 0.117 0.107 0.121 0.169 0.169 –0.041 –0.076 –0.113 –0.118 –0.155
AIC –0.171 1.057 2.461 0.692 1.489 75.832 77.805 78.218 78.377 80.204
SIC 4.319 7.043 9.790 8.021 10.283 80.321 83.791 85.546 85.706 88.998
P>chi2 0.0556 0.0472 0.0500 0.5847 0.5802 0.5775 0.6136 0.5111 0.9859 0.4126
주 : 1) ( ) 안은 표준오차(se)를 나타냄.
2) *** p<0.01, ** p<0.05, * p<0.1.
3) P>chi2는 시계열 상관(serial correlation)검증테스트인 Breusch-Godfrey LM test의 결과임.