표 8 금융규제 정책 2기간 분석결과(18개월)

구분	1분위	2분위	3분위	4분위	5분위
기본모형
C	2.5078***	2.5415***	2.5575***	2.5705***	2.4281***
	(0.0353)	(0.0107)	(0.0064)	(0.0066)	(0.0095)
Policy	0.0496	0.0498**	0.0667***	0.0758***	0.0850***
	(0.0358)	(0.0226)	(0.0127)	(0.0125)	(0.113)
Region	-0.0854	-0.0163	-0.0281	0.1963*	-0.0084
	(0.0519)	(0.0449)	(0.0911)	(0.1037)	(0.0093)
Policy×region	-0.0118	-0.0317	-0.0295	-0.0576	-0.0738***
	(0.0494)	(0.0616)	(0.1439)	(0.1680)	(0.0128)
R2	0.1672	0.0635	0.0899	0.3218	0.2180
확장모형
C	2.7554***	3.1820***	2.8873***	2.3371***	1.9261***
	(0.6463)	(0.5095)	(0.3252)	(0.4575)	(0.7246)
Policy	0.0526***	0.0640***	0.0714***	0.0566**	0.0581**
	(0.0192)	(0.0191)	(0.0150)	(0.0218)	(0.0227)
Region	-0.0971**	-0.1082***	-0.1356***	-0.1958***	-0.0994
	(0.0433)	(0.0332)	(0.0314)	(0.0367)	(0.0619)
Policy×region	-0.0716	-0.0424	-0.0359	-0.0183	-0.0984
	(0.0515)	(0.0451)	(0.0419)	(0.0466)	(0.0637)
출생아수	0.0001***	0.0001	0.0001	0.0001	0.0001***
	(0.0001)	(0.0000)	(0.0001)	(0.0001)	(0.0001)
인구자연증가수	-0.0001**	-0.0001	-0.0001	-0.0001	-0.0002***
	(0.0001)	(0.0001)	(0.0001)	(0.0000)	(0.0001)
혼인건수	-0.0001	0.0001	0.0001*	0.0002**	-0.0001
	(0.0001)	(0.0000)	(0.0000)	(0.0001)	(0.0001)
고용률	-0.0056	-0.0121	-0.0068	0.0032	0.0079
	(0.0109)	(0.0086)	(0.0056)	(0.0079)	(0.0124)
매입거주지별 거래규모(타지역)	0.0002**	0.0001*	0.0001	0.0001	0.0001
	(0.0001)	(0.0001)	(0.0001)	(0.000)	(0.0001)
아파트 인허가 실적변동률(%)	0.0001	0.0001	0.0001**	0.0001	0.0001
	(0.0002)	(0.0001)	(0.0001)	(0.0001)	(0.0002)
아파트매매 거래량	-0.0001***	-0.0001**	-0.0002***	-0.0002***	-0.0001
	(0.0000)	(0.0000)	(0.0001)	(0.0001)	(0.0001)
R2	0.4549	0.4133	0.4546	0.5742	0.4847

주: ( )는 표준오차,
p<0.1,
p<0.05,
p<0.01.