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.