표 9 금융규제 정책 3기간 분석결과(12개월)

구분	1분위	2분위	3분위	4분위	5분위
기본모형
C	2.6304***	2.6627***	2.6848***	2.6981***	2.6063***
	(0.0174)	(0.0194)	(0.0097)	(0.0045)	(0.0069)
Policy	0.0633***	0.0549**	0.0451***	0.0608***	0.0270**
	(0.0228)	(0.0206)	(0.0138)	(0.0098)	(0.0114)
Region	-0.1116**	-0.0364	-0.0502	0.2737	-0.0902***
	(0.0440)	(0.0528)	(0.1309)	(0.1527)	(0.0070)
Policy×region	-0.0211	-0.0215	0.0464	-0.0002	-0.0080
	(0.0708)	(0.1028)	(0.1973)	(0.2132)	(0.0136)
R2	0.2205	0.1066	0.0664	0.3575	0.3506
확장모형
C	2.3047***	2.5733***	2.2822***	2.5946***	2.7984**
	(0.5654)	(0.4317)	(0.6893)	(0.6057)	(1.1318)
Policy	0.0491*	0.0645***	0.0793***	0.0895**	0.0266
	(0.0252)	(0.0224)	(0.0289)	(0.0359)	(0.0238)
Region	-0.1615	-0.1517	-0.1762	-0.2131	-0.1041
	(0.2247)	(0.1579)	(0.1826)	(0.2416)	(0.2369)
Policy×region	-0.0002	-0.0149	0.0594	-0.0281	0.0146
	(0.2052)	(0.1601)	(0.1345)	(0.1268)	(0.2100)
출생아수	0.0001	-0.0001	-0.0001	-0.0001	0.0001
	(0.0002)	(0.0002)	(0.0001)	(0.0001)	(0.0001)
인구자연증가수	-0.0001	-0.0001	-0.0001	0.0001	-0.0002
	(0.0003)	(0.0001)	(0.0001)	(0.0001)	(0.0001)
혼인건수	0.0001	0.0001	0.0001	0.0001*	0.0001
	(0.0001)	(00003)	(0.0001)	(0.0001)	(0.0001)
고용률	0.0052	0.0004	0.0057	0.0002	-0.0033
	(0.0092)	(0.0073)	(0.0117)	(0.0104)	(0.0188)
매입거주지별 거래규모(타지역)	-0.0002	0.0001	0.0001	0.0001	-0.0001
	(0.0001)	(0.0001)	(0.0001)	(0.0000)	(0.0000)
아파트 인허가 실적변동률(%)	-0.0001	-0.0001	-0.0001	-0.0001	0.0001
	(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	0.4881	0.4348	0.4496	0.6035	0.5964

주: ( )는 표준오차,
p<0.1,
p<0.05,
p<0.01.