Cho, Deokho; Ma, Seungryul - In: The Journal of Real Estate Finance and Economics 32 (2006) 2, pp. 169-184
The goal of this study is to identify the long-term relationship between housing values and interest rates in the Korean housing market, using the cointegration test and spectral analysis. The result shows a long-term negative (–) equilibrium relationship between housing values and interest...
