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