표 5 금융규제 정책 1기간 분석 결과(12개월)

구분	1분위	2분위	3분위	4분위	5분위
기본모형
C	2.3873***	2.4183***	2.4377***	2.4487***	2.2878***
	(0.0404)	(0.0214)	(0.0078)	(0.0082)	(0.0081)
Policy	0.0628	0.0440**	0.0379***	0.0398***	0.0795***
	(0.0523)	(0.0212)	(0.0089)	(0.0133)	(0.0128)
Region	0.0820*	0.1280***	0.1340	0.3547***	0.1767***
	(0.0481)	(0.0362)	(0.1268)	(0.1117)	(0.0081)
Policy×region	-0.0628	-0.0464	-0.0525	-0.0227	-0.0765***
	(0.0672)	(0.0466)	(0.1826)	(0.1087)	(0.0216)
R2	0.1734	0.1648	0.2307	0.5001	0.4287
확장모형
C	1.6749***	2.2124***	2.0914***	1.6514**	1.4123*
	(0.5189)	(0.4417)	(0.4146)	(0.5097)	(0.7050)
Policy	0.0505*	0.0526**	0.0229	0.0201	0.0059
	(0.0288)	(0.0252)	(0.0253)	(0.0230)	(0.0254)
Region	0.0621*	0.0387	0.0076	-0.0246	0.0573
	(0.0343)	(0.0428)	(0.0469)	(0.0463)	(0.0410)
Policy×region	-0.0693	-0.0685	-0.0299	-0.0362	-0.0341
	(0.0450)	(0.0487)	(0.0523)	(0.0599)	(0.0432)
출생아수	0.0004	0.0001	0.0001	0.0003	0.0004*
	(0.0002)	(0.0002)	(0.0002)	(0.0002)	(0.0002)
인구자연증가수	-0.0005**	-0.0001	-0.0001	-0.0001	-0.0001**
	(0.0002)	(0.0002)	(0.0001)	(0.0002)	(0.0001)
혼인건수	-0.0001	0.0002	0.0001	0.0001	-0.0001
	(0.0002)	(0.0001)	(0.0001)	(0.0002)	(0.0001)
고용률	0.0115	0.0028	0.0052	0.0132	0.0154
	(0.0001)	(0.0074)	(0.0069)	(0.0086)	(0.0122)
매입거주지별 거래규모(타지역)	-0.0001	0.0001	-0.0002	0.0002	0.0001
	(0.0001)	(0.0001)	(0.0001)	(0.0001)	(0.0001)
아파트 인허가 실적변동률(%)	-0.0005	-0.0007	-0.0009	-0.0001*	-0.0004
	(0.0001)	(0.0001)	(0.0001)	(0.0001)	(0.0001)
아파트매매 거래량	-0.0001	-0.0001	-0.0001***	-0.0001***	-0.0001
	(0.0001)	(0.0001)	(0.0001)	(0.0001)	(0.0001)
R2	0.4571	0.4604	0.5578	0.6902	0.6426

주: ( )는 표준오차,
p<0.1,
p<0.05,
p<0.01.