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김선재 ( Seon J. Kim ),윤영채 ( Young C. Yoon ),김범환 ( Bum H. Kim ),김정숙 ( Jeong S. Kim ),이철호 ( Chul H. Lee ) 한국지역개발학회 2004 韓國地域開發學會誌 Vol.16 No.2
The purpose of this study is to examine the impact of the new administrative capital transfer on rental housing demand in Daejon, Korea through the estimation of rental housing demand equation. The study focuses on the statistical estimation issues encountered in calibrating rental housing demand: selectivity bias, estimation of hedonic prices, and application of the permanent income hypothesis. The results show a tenant has a higher marginal probability of being a tenant household than of being a homeowner and less demand for housing services after the announcement of the new administrative capital transfer.