표 7 오피스의 신규공급량과 임대료 간 관계 : GBD

변수 종속변수(Y) : 신규공급량 종속변수(Y) : Diff.임대료
독립변수(X) : Diff.임대료 독립변수(X) : 신규공급량
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 –0.155 –0.198 –0.200 –0.210 –0.202 0.091 0.071 0.065 0.114 0.111
(0.158) (0.182) (0.187) (0.187) (0.195) (0.169) (0.191) (0.195) (0.197) (0.198)
Yt-2 –0.064 –0.014 –0.214 –0.294
(0.167) (0.198) (0.186) (0.207)
Xt 102.119** 98.435** 91.209** 98.874** 91.764* 0.002** 0.002** 0.002** 0.002** 0.002*
(38.930) (40.308) (43.188) (40.930) (44.740) (0.001) (0.001) (0.001) (0.001) (0.001)
Xt-1 29.400 34.632 30.913 34.614 0.000 0.000 0.000 0.000
(45.266) (47.486) (46.115) (48.387) (0.001) (0.001) (0.001) (0.001)
Xt-2 -25.935 -24.257 0.000 0.001
(45.874) (52.721) (0.001) (0.001)
상수 72.657*** 74.184*** 76.563*** 79.429*** 77.539*** –0.062 –0.076 –0.094 –0.054 –0.104
(16.600) (17.194) (18.139) (22.160) (23.305) (0.070) (0.091) (0.111) (0.096) (0.111)
N 34 33 32 33 32 33 33 33 32 32
adj_R2 0.149 0.127 0.103 0.101 0.068 0.129 0.101 0.071 0.107 0.100
AIC 388.548 379.767 370.993 381.593 372.987 16.571 18.502 20.400 19.638 20.674
SIC 393.127 385.753 378.322 389.076 381.782 21.061 24.488 27.883 26.967 29.469
P>chi2 0.5031 0.9038 0.8036 0.7367 0.6543 0.9853 0.4896 0.1721 0.5648 0.8775
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.