표 15 오피스의 공실률과 임대료 간 관계: BB

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 0.036 0.036 0.036 0.030 0.032 –0.189 –0.191 –0.235 –0.158 –0.207
(0.205) (0.210) (0.219) (0.209) (0.214) (0.201) (0.204) (0.194) (0.213) (0.200)
Yt-2 –0.337 –0.335 0.186 0.156
(0.227) (0.232) (0.229) (0.214)
Xt 0.002 0.002 0.001 0.016 0.015 0.199 0.158 1.320 0.070 1.194
(0.021) (0.022) (0.023) (0.024) (0.025) (1.958) (1.989) (1.964) (2.050) (1.994)
Xt-1 –0.000 0.001 0.006 0.007 1.086 0.927 1.142 0.955
(0.022) (0.023) (0.022) (0.023) (1.990) (1.891) (2.046) (1.913)
Xt-2 0.008 0.007 4.143** 4.042*
(0.025) (0.024) (1.974) (2.001)
상수 0.093 0.093 0.094 0.129 0.126 0.080 –0.020 –0.584 –0.152 –0.621
(0.097) (0.099) (0.106) (0.103) (0.106) (0.931) (0.963) (0.961) (1.012) (0.973)
N 27 27 26 26 26 27 27 26 26 26
adj_R2 –0.081 –0.129 –0.183 –0.076 –0.125 –0.044 –0.076 0.064 –0.098 0.043
AIC 41.282 43.282 44.793 42.327 44.222 163.428 165.081 157.136 161.284 158.456
SIC 45.169 48.465 51.084 48.618 51.771 167.316 170.264 163.427 167.574 166.005
P>chi2 0.4361 0.3922 0.5323 0.7824 0.8103 0.3984 0.7495 0.9026 0.4192 0.7822
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