Abstract
We live in a rapidly changed society. In 2008, we experience economic difficulties because of the sub-prime mortgage crisis starting from the U.S. At that time, world’s stock prices and real-estate’s prices have been plummeted. When investors decide that stock market is very volatile and dangerous to invest, they change their pattern of investment toward real-estate market that is a safer one. This paper investigates whether stock markets are related to real-estate market. Results of correlation test show that housing price of Jeju has a negative correlation with apartment price of Seoul and stock price of Korea. And, there is a negative correlation between housing price in Korea and Jeju. And, results of the Granger-causality test show that apartment price affects to housing price in case of Busan.
This paper is supported by Kyungsung University Research Grants in 2012. All errors are ours.
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Kim, Y., Yi, YK. (2012). A Research on the Investment Pattern between Real-Estate and Stock Market in South Korea: Using the Granger-causality Test. In: Kim, Th., Mohammed, S., Ramos, C., Abawajy, J., Kang, BH., Ślęzak, D. (eds) Computer Applications for Web, Human Computer Interaction, Signal and Image Processing, and Pattern Recognition. ICHCI WSE SIP 2012 2012 2012. Communications in Computer and Information Science, vol 342. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-35270-6_11
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DOI: https://doi.org/10.1007/978-3-642-35270-6_11
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