표 14 오피스의 공실률과 임대료 간 관계 : ETC
변수 | 종속변수(Y) : Diff.임대료 | 종속변수(Y) : Diff.공실률 |
독립변수(X) : Diff.공실률 | 독립변수(X) : Diff.임대료 |
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 | –0.130 | –0.122 | –0.109 | –0.115 | –0.104 | 0.216 | 0.166 | 0.240 | 0.249 | 0.239 |
(0.188) | (0.192) | (0.198) | (0.201) | (0.204) | (0.155) | (0.151) | (0.186) | (0.180) | (0.194) |
Yt-2 | | | | 0.058 | 0.045 | | | | 0.007 | 0.004 |
| | | (0.200) | (0.203) | | | | (0.159) | (0.163) |
Xt | –0.067 | –0.071 | –0.069 | –0.069 | –0.068 | –0.765 | –0.813 | –0.768 | –0.771 | –0.766 |
(0.052) | (0.053) | (0.056) | (0.056) | (0.057) | (0.634) | (0.611) | (0.623) | (0.628) | (0.640) |
Xt-1 | | 0.017 | 0.025 | 0.021 | 0.029 | | –1.149* | –1.097* | –1.086* | –1.098 |
| (0.045) | (0.055) | (0.057) | (0.059) | | (0.620) | (0.638) | (0.635) | (0.652) |
Xt-2 | | | –0.033 | | –0.032 | | | –0.109 | | –0.108 |
| | (0.047) | | (0.048) | | | (0.665) | | (0.680) |
상수 | –0.003 | –0.005 | –0.003 | –0.006 | –0.003 | –0.025 | –0.023 | 0.005 | 0.004 | 0.005 |
(0.051) | (0.052) | (0.054) | (0.055) | (0.055) | (0.184) | (0.177) | (0.182) | (0.182) | (0.186) |
N | 33 | 33 | 32 | 32 | 32 | 33 | 33 | 32 | 32 | 32 |
adj_R2 | –0.007 | –0.037 | –0.063 | –0.080 | –0.102 | 0.039 | 0.111 | 0.105 | 0.105 | 0.071 |
AIC | 15.753 | 17.594 | 19.691 | 20.186 | 21.630 | 99.804 | 98.113 | 97.078 | 97.108 | 99.077 |
SIC | 20.242 | 23.580 | 27.019 | 27.514 | 30.425 | 104.294 | 104.099 | 104.406 | 104.436 | 107.871 |
P>chi2 | 0.6620 | 0.6183 | 0.9369 | 0.2706 | 0.9657 | 0.7233 | 0.4742 | 0.2824 | 0.3912 | 0.1213 |
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.