MyJournals Home  

RSS FeedsSustainability, Vol. 12, Pages 1225: Investigating the Ripple Effect through the Relationship between Housing Markets and Residential Migration in Seoul, South Korea (Sustainability)

 
 

8 february 2020 10:03:40

 
Sustainability, Vol. 12, Pages 1225: Investigating the Ripple Effect through the Relationship between Housing Markets and Residential Migration in Seoul, South Korea (Sustainability)
 


This study examined the relationship between housing markets and residential migration to identify if there is a housing refugee phenomenon due to an involuntary ripple effect in the Seoul metropolitan area, South Korea. The study applied Granger causality analysis and a vector error correction model. The empirical results confirmed that changes in housing market conditions cause a ripple effect in surrounding areas in the Seoul metropolitan area, and these changes are easily transmitted to the nearby Gyeonggi housing market. This study shows that intra-metropolitan residential migration may occur due to changes in housing market conditions. Additionally, the study proved that residential migration from Seoul to the nearby Gyeonggi province does not represent the pursuit of a stable residential environment, but is merely involuntary migration due to the financial burden of increased housing costs in Seoul. Finally, the study showed that there may be a ripple effect that intensifies instability in the jeonse market—a type of lease unique to South Korea—that emerged due to residential migration from Seoul. From this perspective, this study confirms that residential migration occurring in the Seoul metropolitan area is the result of an involuntary ripple effect and represents a housing refugee phenomenon.


 
218 viewsCategory: Ecology
 
Sustainability, Vol. 12, Pages 1191: Evaluation of Podalic Support and Monitoring of Balance Control in Children with and without Dyslexia: A Pilot Study (Sustainability)
Sustainability, Vol. 12, Pages 1226: The Reversible Lane Network Design Problem (RL-NDP) for Smart Cities with Automated Traffic (Sustainability)
 
 
blog comments powered by Disqus


MyJournals.org
The latest issues of all your favorite science journals on one page

Username:
Password:

Register | Retrieve

Search:

Ecology


Copyright © 2008 - 2024 Indigonet Services B.V.. Contact: Tim Hulsen. Read here our privacy notice.
Other websites of Indigonet Services B.V.: Nieuws Vacatures News Tweets Nachrichten