사교육시장 및 교육성과가 아파트가격에 미치는 영향: 2004년 이후 아파트가격 상승기를 중심으로
Impacts of Education Factors on Apartment Prices
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Abstract
While the Gangnam areas have experienced enormous increase in apartment prices since 2000, many people believe that education factors (increase in education performance and private teaching institutions) make an impact on Gangnam’s price increase. Spatial autoregressive regression is used to analyze the impact of education on apartment prices, accompanied with Moran’s I tests for the existence of spatial autocorrelation. This paper concludes that 1) changes in apartment prices affected nearby areas not nationwide, 2) lack in information about education performances can distort market participants’ decision, and 3) rapid increase in apartment prices did not stem from education factors. Rather than controlling prices by copying Gangnam’s education environment onto other regions, improving other regions’ mixed-use level can be an appropriate strategy.
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