표 7 오피스의 신규공급량과 임대료 간 관계 : GBD
변수 | 종속변수(Y) : 신규공급량 | 종속변수(Y) : Diff.임대료 |
독립변수(X) : Diff.임대료 | 독립변수(X) : 신규공급량 |
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 | –0.155 | –0.198 | –0.200 | –0.210 | –0.202 | 0.091 | 0.071 | 0.065 | 0.114 | 0.111 |
(0.158) | (0.182) | (0.187) | (0.187) | (0.195) | (0.169) | (0.191) | (0.195) | (0.197) | (0.198) |
Yt-2 | | | | –0.064 | –0.014 | | | | –0.214 | –0.294 |
| | | (0.167) | (0.198) | | | | (0.186) | (0.207) |
Xt | 102.119** | 98.435** | 91.209** | 98.874** | 91.764* | 0.002** | 0.002** | 0.002** | 0.002** | 0.002* |
(38.930) | (40.308) | (43.188) | (40.930) | (44.740) | (0.001) | (0.001) | (0.001) | (0.001) | (0.001) |
Xt-1 | | 29.400 | 34.632 | 30.913 | 34.614 | | 0.000 | 0.000 | 0.000 | 0.000 |
| (45.266) | (47.486) | (46.115) | (48.387) | | (0.001) | (0.001) | (0.001) | (0.001) |
Xt-2 | | | -25.935 | | -24.257 | | | 0.000 | | 0.001 |
| | (45.874) | | (52.721) | | | (0.001) | | (0.001) |
상수 | 72.657*** | 74.184*** | 76.563*** | 79.429*** | 77.539*** | –0.062 | –0.076 | –0.094 | –0.054 | –0.104 |
(16.600) | (17.194) | (18.139) | (22.160) | (23.305) | (0.070) | (0.091) | (0.111) | (0.096) | (0.111) |
N | 34 | 33 | 32 | 33 | 32 | 33 | 33 | 33 | 32 | 32 |
adj_R2 | 0.149 | 0.127 | 0.103 | 0.101 | 0.068 | 0.129 | 0.101 | 0.071 | 0.107 | 0.100 |
AIC | 388.548 | 379.767 | 370.993 | 381.593 | 372.987 | 16.571 | 18.502 | 20.400 | 19.638 | 20.674 |
SIC | 393.127 | 385.753 | 378.322 | 389.076 | 381.782 | 21.061 | 24.488 | 27.883 | 26.967 | 29.469 |
P>chi2 | 0.5031 | 0.9038 | 0.8036 | 0.7367 | 0.6543 | 0.9853 | 0.4896 | 0.1721 | 0.5648 | 0.8775 |
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.