22 research outputs found

    Estimation of Growth Modulation Index using latent variable approach and AFT model

    No full text
    ์˜ํ•™์ „์‚ฐํ†ต๊ณ„ํ•™ํ˜‘๋™๊ณผ์ •/์„์‚ฌํ•ญ์•”์ œ 2์ƒ ์ž„์ƒ์‹œํ—˜์—์„œ 1์ฐจ ์œ ํšจ์„ฑ ํ‰๊ฐ€๋ณ€์ˆ˜๋Š” ์ฃผ๋กœ ์ข…์–‘ ๋ฐ˜์‘๋ฅ ์„ ์ด์šฉํ•˜์ง€๋งŒ, ์ž„์ƒ์—ฐ๊ตฌ์—์„œ ๊ธฐ๋Œ€ํ•˜๋Š” ์„ฑ๊ณผ๋Š” ์งˆ๋ณ‘ ์ง„ํ–‰์„ ์ง€์—ฐ์‹œํ‚ค๋Š” ๊ฒƒ์ด๋ฏ€๋กœ ์ตœ๊ทผ์—๋Š” ์ข…์–‘ ๋ฐ˜์‘๋ฅ ๋ณด๋‹ค๋Š” ์ „์ฒด ์ƒ์กด๊ธฐ๊ฐ„(Overall Survival, OS), ๋ฌด์ง„ํ–‰ ์ƒ์กด๊ธฐ๊ฐ„(Progression Free Survival, PFS)๊ณผ ๊ฐ™์€ ์ƒ์กด ์‹œ๊ฐ„์„ ์œ ํšจ์„ฑ ํ‰๊ฐ€๋ณ€์ˆ˜๋กœ ๋” ์„ ํ˜ธํ•œ๋‹ค(Mick and J.Carroll, 2000). ํ•˜์ง€๋งŒ PFS์˜ ๊ฒฝ์šฐ ์ž„์ƒ์‹œํ—˜ ๊ฐ„ ์กด์žฌํ•˜๋Š” ๋†’์€ ๋ณ€๋™์„ฑ์€ ์˜ˆํ›„์ธ์ž๋“ค์— ๋Œ€ํ•œ ๋ณด์ •์—๋„ ๋ถˆ๊ตฌํ•˜๊ณ  ๊ทธ๋Œ€๋กœ ์กด์žฌํ•˜๊ธฐ ๋•Œ๋ฌธ์— ๋‹จ์ผ๊ตฐ ์‹œํ—˜์ด๋‚˜ ์ œ 3์ƒ ์ž„์ƒ์‹œํ—˜์—์„œ PFS๋ฅผ 1์ฐจ ์œ ํšจ์„ฑ ํ‰๊ฐ€๋ณ€์ˆ˜๋กœ ์‚ฌ์šฉํ•˜๋Š” ๊ฒƒ์— ์–ด๋ ค์›€์ด ์žˆ๋‹ค. ์ด์— ์ฒซ ๋ฒˆ์งธ ํ•ญ์•”์น˜๋ฃŒ๋ฅผ ๋ฐ›์€ ํ›„ ์•…ํ™” ๋˜๋Š” ์žฌ๋ฐœ์ด ์ผ์–ด๋‚  ๋•Œ๊นŒ์ง€์˜ ์‹œ๊ฐ„์ธ ๊ณผ ๋‘ ๋ฒˆ์งธ ํ•ญ์•”์น˜๋ฃŒ๋ฅผ ๋ฐ›์€ ํ›„ ์•…ํ™” ๋˜๋Š” ์žฌ๋ฐœ์ด ์ผ์–ด๋‚  ๋•Œ๊นŒ์ง€์˜ ์‹œ๊ฐ„์ธ ์˜ ๋น„์œจ๋กœ ์ •์˜๋˜๋Š” growth modulation index(GMI)๋ฅผ ์ œ์•ˆํ•œ ๋ฐ” ์žˆ๋‹ค(Von Hoff 1998). GMI๋Š” ๋™์ผ ๊ฐœ์ธ๋‚ด์˜ ๋ฐ˜๋ณต๋œ PFS ๊ฐ’์„ ๋น„๊ตํ•œ๋‹ค๋Š” ์ ์—์„œ ์œ„์•ฝ๊ตฐ๊ณผ ๊ด€๋ จ๋œ ์œค๋ฆฌ์ ์ธ ๋ฌธ์ œ์—์„œ ๋ฒ—์–ด๋‚  ์ˆ˜ ์žˆ๊ณ  ํ™˜์ž ๊ฐ„ ๋ณ€๋™์„ฑ์„ ์ œ๊ฑฐํ•  ์ˆ˜ ์žˆ๋‹ค๋Š” ํŠน์ง•์ด ์žˆ๋‹ค. ํ•˜์ง€๋งŒ ๊ธฐ์กด GMI ์ถ”์ •์น˜๋Š” ์ด ๋ชจ๋‘ ๊ด€์ธก๋˜์—ˆ๋‹ค๋Š” ์ „์ œํ•˜์— ์˜ ์ค‘๋„์ ˆ๋‹จ ์—ฌ๋ถ€๋งŒ ๊ณ ๋ คํ•˜๋Š” ๋ฐฉ๋ฒ•์ด๋‹ค. ๋”ฐ๋ผ์„œ ์ด ์ค‘๋„์ ˆ๋‹จ ๋œ ์ž๋ฃŒ๋Š” ๋ถ„์„์—์„œ ์ œ์™ธ๋˜๋ฏ€๋กœ ์ด๋กœ ์ธํ•œ ๋ฐ”์ด์–ด์Šค๊ฐ€ ์กด์žฌ ํ•  ์ˆ˜ ์žˆ๋‹ค. ๋ณธ ์—ฐ๊ตฌ์—์„œ๋Š” Robins์™€ Tsiatis (1991)๊ฐ€ ์ œ์•ˆํ•œ Rank Preserving Structural Failure Time(RPSFT) ๋ชจ๋ธ์„ ๊ธฐ๋ฐ˜์œผ๋กœ ํ•œ ์ž ์žฌ์  ๋ณ€์ˆ˜(latent variable)๋ฅผ ์ด์šฉํ•œ ๋ฐฉ๋ฒ•๊ณผ ๊ฐ€์†ํ™” ๊ณ ์žฅ์‹œ๊ฐ„(Accelerated Failure Time, AFT) ๋ชจ๋ธ์„ ์ด์šฉํ•œ ๋ฐฉ๋ฒ•์œผ๋กœ ์ด ์ค‘๋„์ ˆ๋‹จ๋œ ์ž๋ฃŒ๋„ ํฌํ•จํ•˜์—ฌ ์ถ”์ •ํ•  ์ˆ˜ ์žˆ๋Š” ๋ฐฉ๋ฒ•์„ ์ œ์•ˆํ•˜์˜€๋‹ค. ๋‹ค์–‘ํ•œ ์ค‘๋„์ ˆ๋‹จ ๋น„์œจ, ์œ„ํ—˜๋น„(hazard ratio), ์ƒ๊ด€๊ณ„์ˆ˜ ํ•˜์—์„œ ๋ชจ์˜์‹คํ—˜์„ ํ†ตํ•ด ๊ธฐ์กด์˜ ๋ฐฉ๋ฒ•๊ณผ ์ƒˆ๋กœ์šด ๋ฐฉ๋ฒ•์˜ ์ถ”์ • ๊ฐ’๊ณผ ๋ฐ”์ด์–ด์Šค๋ฅผ ๋น„๊ต ํ‰๊ฐ€ํ•ด ๋ณด๊ณ ์ž ํ•œ๋‹ค. ๋ชจ์˜์‹คํ—˜ ๊ฒฐ๊ณผ๋ฅผ ํ†ตํ•ด ๋ณธ ๋…ผ๋ฌธ์—์„œ ์ œ์•ˆํ•œ ์ž ์žฌ์  ๋ณ€์ˆ˜์™€ AFT ๋ชจ๋ธ์„ ์ด์šฉํ•œ ๋‘ ๊ฐ€์ง€ ์ƒˆ๋กœ์šด GMI ์ถ”์ •์น˜๊ฐ€ ๊ธฐ์กด Kaplan-Meier๋กœ ์ถ”์ •ํ•œ GMI์— ๋น„ํ•ด ๋ฐ”์ด์–ด์Šค์™€ ํ‰๊ท ์ œ๊ณฑ์˜ค์ฐจ(Mean Square Error, MSE)์˜ ํฌ๊ธฐ๊ฐ€ ์ž‘์€ ๊ฒƒ์„ ํ™•์ธํ•˜์˜€๋‹ค. ์ด๋ฅผ ํ†ตํ•ด GMI ์ถ”์ • ์‹œ ์˜ ์ค‘๋„์ ˆ๋‹จ ์—ฌ๋ถ€๋ฅผ ๊ณ ๋ คํ•  ๊ฒฝ์šฐ ์ž ์žฌ์  ๋ณ€์ˆ˜๋ฅผ ์ด์šฉํ•œ ๋ฐฉ๋ฒ•๊ณผ AFT ๋ชจ๋ธ์„ ์ด์šฉํ•œ ๋ฐฉ๋ฒ•์œผ๋กœ ์ถ”์ •ํ•˜๋Š” ๊ฒƒ์ด ๋ฐ”์ด์–ด์Šค์˜ ํฌ๊ธฐ๋ฅผ ์ค„์ด๊ณ  ์ •ํ™•๋„๋ฅผ ๋†’์ผ ์ˆ˜ ์žˆ๋Š” ๋ฐฉ๋ฒ•์ด ๋  ๊ฒƒ์œผ๋กœ ๊ธฐ๋Œ€๋œ๋‹ค.ope

    ์•„๋‚˜ํ•„๋ฝ์‹œ์Šค ๋ฐ˜์‘์„ ์กฐ์ ˆํ•˜๋Š” granulocyte macrophage-colony stimulating factor ์˜ ๊ธฐ๋Šฅ

    No full text
    Granulocyte-macrophage colony stimulating factor (GM-CSF) is one of the hematopoietic cytokines that affect differentiation and survival of myeloid lineage cells. Recently, GM-CSF has drawn attention as an inflammatory cytokine because of its prominent role in both autoimmune diseases and allergic diseases. However, the relationship between GM-CSF and anaphylaxis has not been clearly elucidated. To investigate this, I established two ovalbumin (OVA)-induced anaphylaxis models in C57BL/6 mice. One employed alum as an adjuvant, and the other utilized GM-CSF. In the model sensitized with alum, mild anaphylactic reactions were observed after both local or subcutaneous injection of OVA and systemic or intravenous injection of OVA. Meanwhile, in the model sensitized with GM-CSF, anaphylactic reactions were only observed upon systemic OVA challenge but not local injection. These systemic anaphylactic reactions were further aggravated when the number of sensitization with GM-CSF increased. Along with the intensified anaphylaxis, the levels of total IgE, OVA-specific IgE and OVA โ€“specific IgG were elevated. Then I examined the change of leukocyte populations over time in the spleen and peritoneal cavity following treatment with GM-CSF. Significant basophilia was observed in the spleen, whereas the number of mast cells was not altered in the spleen and peritoneal cavity. Besides, in the peritoneal cavity, the numbers eosinophils and small peritoneal macrophages increased while the number of large peritoneal macrophages decreased. Therefore, for the first time, the distinct anaphylactic features in humoral and cellular aspects of immune responses are revealed by treatment with GM-CSF. All in all, the study suggests that GM-CSF-induced strong basophilia in the spleen might play an important role in the systemic anaphylaxis, which has not been recognized previously.open์„

    ์ฃผํƒ๋งค๋งค์‹œ์žฅ, ์ฃผํƒ์ž„๋Œ€์ฐจ์‹œ์žฅ, ์ฃผํƒ๊ธˆ์œต์‹œ์žฅ์—์„œ์˜ ์ „์„ธ

    No full text
    ํ•™์œ„๋…ผ๋ฌธ (์„์‚ฌ)-- ์„œ์šธ๋Œ€ํ•™๊ต ๋Œ€ํ•™์› : ๊ฒฝ์ œํ•™๋ถ€, 2012. 2. ์–‘๋™ํœด.๊ตญ ๋ฌธ ์ดˆ ๋ก ์ „์„ธ์ œ๋„๋Š” ์„ธ๊ณ„ ์–ด๋””์—์„œ๋„ ์œ ๋ž˜๋ฅผ ์ฐพ์•„๋ณผ ์ˆ˜ ์—†๋Š” ํ•œ๊ตญ์˜ ๋…ํŠนํ•˜๊ณ  ์ง€๋ฐฐ์ ์ธ ํƒ์ž„๋Œ€์ฐจ ๊ณ„์•ฝ์ด๋‹ค. ํ•œ๊ตญ์˜ ์ฃผํƒ์‹œ์žฅ์„ ์ดํ•ดํ•จ์— ์žˆ์–ด์„œ ์ „์„ธ๋ผ๋Š” ๋…ํŠนํ•œ ์ œ๋„์˜ ๊ธฐ๋Šฅ์— ๋Œ€ํ•œ ์‹ค์งˆ์ ์ธ ์ดํ•ด๋Š” ์ƒ๋‹น๋ถ€๋ถ„์„ ์ฐจ์ง€ํ•œ๋‹ค. ์ •๋ถ€์ฐจ์›์—์„œ๋„ ์ „์„ธ๋ผ๋Š” ์ž„๋Œ€์ฐจ๊ณ„์•ฝ์ด ๊ตญ๋ฏผ์˜ ์ฃผ๊ฑฐ์ƒํ™œ์— ๋ฏธ์น˜๋Š” ์ง์ ‘์ ์ธ ์˜ํ–ฅ์„ ์ธ์ง€ํ•˜๊ณ  ์žˆ๋Š” ๋งŒํผ ์ „์„ธ๊ฐ€๊ฒฉ์— ๋Œ€ํ•œ ์•ˆ์ •์— ๋งŽ์€ ๋…ธ๋ ฅ์„ ๊ธฐ์šธ์ด๊ณ  ์žˆ๋‹ค. ์ด๋Ÿฐ ์ƒํ™ฉ์—์„œ ๋งค๋งค๊ฐ€๊ฒฉ์ด ์–ด๋–ป๊ฒŒ ๊ฒฐ์ •๋˜๋Š”์ง€, ๋งค๋งค๊ฐ€๊ฒฉ์ด ์ „์„ธ๊ฐ€๊ฒฉ์— ์–ผ๋งˆ๋งŒํผ ์˜ํ–ฅ์„ ์ฃผ๋Š”์ง€, ํ˜น์€ ๋ฐ˜๋Œ€๋กœ ์ „์„ธ๊ฐ€๊ฒฉ์ด ๋งค๋งค๊ฐ€๊ฒฉ์— ์–ผ๋งˆ๋งŒํผ ์˜ํ–ฅ์„ ์ฃผ๋Š”์ง€์— ๋Œ€ํ•ด์„œ๋Š” ์—ฐ๊ตฌ๊ฐ€ ์ง„ํ–‰๋˜์–ด ์™”์ง€๋งŒ ์ „์„ธ๊ฐ€๊ฒฉ์„ ์ค‘์ ์ ์œผ๋กœ ํ•œ ๋…ผ์˜๋Š” ๊ฑฐ์˜ ์—†์—ˆ๋˜ ๊ฒƒ์ด ์‚ฌ์‹ค์ด๋‹ค. ๋”ฐ๋ผ์„œ ๋ณธ ๋…ผ๋ฌธ์€ ์ฃผํƒ๋งค๋งค์‹œ์žฅ๊ณผ ์ฃผํƒ์ž„๋Œ€์ฐจ์‹œ์žฅ ๊ทธ๋ฆฌ๊ณ  ์ฃผํƒ๊ธˆ์œต์‹œ์žฅ์˜ ์˜์—ญ์— ๋ชจ๋‘ ๊ฑธ์ณ์ ธ ์žˆ๋Š” ์ „์„ธ์˜ ์—ญํ• ๊ณผ ํŠน์„ฑ์„ ๊ณ ๋ คํ•˜์—ฌ ์ „์„ธ๊ฐ€๊ฒฉ์— ์˜ํ–ฅ์„ ๋ฏธ์น˜๋Š” ์š”์ธ๋“ค์„ ์ด ์„ธ ๊ฐ€์ง€ ์‹œ์žฅ์˜ ๋ณ€์ˆ˜๋“ค์—์„œ ์ฐพ๊ณ , ๋งค๋งค๊ฐ€๊ฒฉ๊ณผ ๊ดด๋ฆฌ๋ฅผ ๊ฐ€์ง€๋Š” ์›์ธ์— ๋Œ€ํ•œ ์ด๋ก ์  ๋ชจํ˜•์„ ์ œ์‹œํ•˜๊ณ  ์ด๋ก ์  ๋ชจํ˜•์ด ํ˜„์‹ค์— ๋ถ€ํ•ฉํ•˜๋Š”์ง€ ์‹ค์ฆ๋ถ„์„์„ ์‹œํ–‰ํ•˜์˜€๋‹ค. ์ž…์ง€์ , ๋ฌผ๋ฆฌ์ , ๊ณต๊ฐ„์ ์œผ๋กœ ๊ฐ™์€ ์ฃผํƒ์— ๋Œ€ํ•ด์„œ ๋™์ผํ•œ ์ฃผ๊ฑฐ์„œ๋น„์Šค๋ฅผ ์ œ๊ณตํ•˜๋Š” ์ „์„ธ๊ฐ€๊ฒฉ๊ณผ ์ฃผํƒ๋งค๋งค๊ฐ€๊ฒฉ ๊ฐ„์— ์™œ ์ฐจ์ด๊ฐ€ ๋ฐœ์ƒํ•˜๋Š”๊ฐ€์—์„œ ๋…ผ์˜๊ฐ€ ์ถœ๋ฐœํ•œ๋‹ค. ์‹ค์งˆ์ ์œผ๋กœ ์šฐ๋ฆฌ๋‚˜๋ผ๋Š” ๊ฑฐ์˜ ๋Œ€๋ถ€๋ถ„์˜ ์ง€์—ญ์—์„œ ์ง€์†์ ์œผ๋กœ ์ฃผํƒ๋งค๋งค๊ฐ€๊ฒฉ์— ๋น„ํ•ด ์ „์„ธ๊ฐ€๊ฒฉ์ด ๋‚ฎ์€ ์ˆ˜์ค€์„ ์œ ์ง€ํ•ด์˜ค๊ณ  ์žˆ๋‹ค. ์ „์„ธ๊ฐ€๊ฒฉ์ด ์ด๋ ‡๊ฒŒ ์ฃผํƒ๋งค๋งค๊ฐ€๊ฒฉ์— ๋น„ํ•ด ๋‚ฎ๊ฒŒ ํ˜•์„ฑ๋œ ์›์ธ์„ ์ฒซ์งธ, ์ฃผํƒ๊ฐ€๊ฒฉ๊ธฐ๋Œ€์ƒ์Šน๋ฅ ์—์„œ ์ฐพ์•˜๋‹ค. ์ฃผํƒ์€ ์ฃผํƒ๋งค๋งค์‹œ์žฅ์—์„œ ์ฃผ๊ฑฐ์„œ๋น„์Šค๋ฅผ ์ œ๊ณตํ•˜๋Š” ์†Œ๋น„์žฌ์ผ ๋ฟ ์•„๋‹ˆ๋ผ, ํˆฌ์ž์žฌ๋กœ์„œ์˜ ์ž๋ณธ์ด๋“์„ ์–ป๊ธฐ ์œ„ํ•œ ์ˆ˜๋‹จ์œผ๋กœ ์˜ค๋žœ ๊ธฐ๊ฐ„ ํ™œ์šฉ๋˜์–ด ์™”๋‹ค. ๋‹ค์Œ์œผ๋กœ๋Š” ์ฃผํƒ์ž„๋Œ€์ฐจ์‹œ์žฅ๊ณผ ์ฃผํƒ๊ธˆ์œต์‹œ์žฅ์—์„œ์˜ ์ „์„ธ์˜ ๊ธฐ๋Šฅ์— ๋Œ€ํ•ด์„œ ์ฃผ๋ชฉํ–ˆ๋‹ค. ์ œ๋„๊ถŒ์ฃผํƒ๊ธˆ์œต์‹œ์žฅ์˜ ๋ถ€์žฌ๋กœ ์ธํ•ด ์ „์„ธ๋Š” ๋น„(้ž)์ œ๋„๊ถŒ๊ธˆ์œต์œผ๋กœ์„œ์˜ ์—ญํ• ์„ ํ•ด์˜ค๊ณ  ์žˆ์—ˆ๋‹ค. ๋”ฐ๋ผ์„œ ์‚ฌ(็ง)๊ธˆ์œต์‹œ์žฅ์—์„œ ๊ฒฐ์ •๋˜๋Š” ์›”์„ธ์ด์œจ()๊ณผ ์ฃผํƒ๋‹ด๋ณด๋Œ€์ถœ๊ธˆ๋ฆฌ()์˜ ์ฐจ์ด์ธ t-r spread ์™€ ๋Œ€์ถœ๊ทœ์ œ๊ฐ€ ๋˜ํ•œ ์ „์„ธ๊ฐ€๊ฒฉ์— ์˜ํ–ฅ์„ ๋ฏธ์น  ๊ฒƒ์ด๋ผ ํŒ๋‹จํ•˜์˜€๋‹ค. ๋ถ„์„๊ฒฐ๊ณผ ์ „์„ธ๊ฐ€๊ฒฉ์€ ์ฃผํƒ๋งค๋งค๊ฐ€๊ฒฉ์˜ ๊ธฐ๋Œ€์ƒ์Šน๋ฅ ์ด ํ•˜๋ฝํ• ์ˆ˜๋ก ์ƒ์Šนํ•˜์—ฌ ์ฃผํƒ๋งค๋งค๊ฐ€๊ฒฉ์— ์ ‘๊ทผํ•˜๋Š” ๊ฒฝํ–ฅ์„ ๋šœ๋ ทํ•˜๊ฒŒ ๋ณด์˜€๋‹ค. ์ด๋Ÿฌํ•œ ๋ฐฉํ–ฅ์„ฑ์€ ์ „๊ตญ, ์„œ์šธ, ์„œ์šธ ๊ฐ•๋‚จ, ์„œ์šธ ๊ฐ•๋ถ, ์ˆ˜๋„๊ถŒ์—์„œ ๋ชจ๋‘ ์œ ์˜ํ•˜๊ฒŒ ๋‚˜ํƒ€๋‚ฌ๋‹ค. ์ฃผํƒ์ž„๋Œ€์ฐจ์‹œ์žฅ์—์„œ ์‚ฌ์ฑ„๊ธˆ๋ฆฌ ์—ญํ• ์„ ํ•˜๋Š” ์›”์„ธ์ด์œจ๊ณผ ์ œ๋„๊ถŒ์ฃผํƒ๊ธˆ์œต์‹œ์žฅ์˜ ๋Œ€์ถœ์ด์ž์œจ์˜ ์ฐจ์ด์ธ t-r spread ์— ๋Œ€ํ•ด์„œ ์ „์„ธ๊ฐ€๊ฒฉ์€ ๋Œ€์ฒด์ ์œผ๋กœ ์–‘(+)์œผ๋กœ ์œ ์˜ํ•˜๊ฒŒ ๋‚˜ํƒ€๋‚ฌ๊ณ , ๋Œ€์ถœ๊ทœ์ œ๋”๋ฏธ๋ณ€์ˆ˜์— ๋Œ€ํ•ด์„œ๋„ ๊ด‘์—ญ์‹œ๋ฅผ ์ œ์™ธํ•œ ๊ฑฐ์˜ ๋Œ€๋ถ€๋ถ„์˜ ์ง€์—ญ๋“ค์—์„œ ๋Œ€์ฒด์ ์œผ๋กœ ์Œ(-)์œผ๋กœ ์œ ์˜ํ•˜๊ฒŒ ๋‚˜ํƒ€๋‚ฌ๋‹ค. ์ด๋Ÿฌํ•œ ๋…ผ์˜๋Š” ์ตœ๊ทผ ์ฃผํƒ๋งค๋งค๊ฐ€๊ฒฉ ์ƒ์Šน๋ฅ ์ด ์ •์ฒด๋˜์–ด ์žˆ๊ณ  ์˜ˆ๊ธˆ์€ํ–‰ ๋“ฑ ์ œ๋„๊ถŒ์ฃผํƒ๊ธˆ์œต์ด ๋ฐœ๋‹ฌํ•˜๊ณ  ์žˆ๋Š” ํ˜„์žฌ ์ƒํ™ฉ์—์„œ, ์ „์„ธ๊ฐ€๊ฒฉ ๊ธ‰๋“ฑ๊ณผ ์ „์„ธ๋‚œ์ด ๋ฐœ์ƒํ•˜๊ณ  ์žˆ๋Š” ๊ฒƒ์ด ์ž์—ฐ์Šค๋Ÿฌ์šด ํ˜„์ƒ์ž„์„ ํ™•์ธํ•  ์ˆ˜ ์žˆ๋‹ค.Abstract Analysis of Jeonse Price Determinants Sejung Park School of Economics The Graduate School Seoul National University Jeonse is one of the most dominant housing rental contracts in Korea, which is not found elsewhere in the world. knowing the Jeonse system is very important to gain an in-depth understanding of the Korean housing market. The Korean Government is trying to stabilize the Jeonse price to improve housing security for the Korean people. However, not enough studies focusing on the Jeonse price has been conducted. The present paper analyzed the reason why Jeonse price has theoretically a different house purchase price, in consideration of the actual Jeonse system characteristics with respect to house purchasing, house rental, and house financial markets. It also investigated whether the theoretical model coincides with the real Korean situation. The current work begins with addressing the issue of why Jeonse price is different from a house purchase cost, even though both provide the same housing services. Practically, Jeonse price is lower than the general house purchase cost in the most regions of Korea. First, this study obtained the reason that Jeonse price is lower than the house purchase price due to the expectation of rising housing cost. Houses are used not only as consumer goods that provide domicile service but also as investment to obtain capital gain in the future. Second, the study focused on the role of Jeonse in the housing rental and housing financial markets. Jeonse not only functions as a house-rental contract service but also plays an important role as a curbed private loan market in the absence of an official private banking sector. In addition, the current paper discovered another two factors that influence the Jeonse price: the spread between the curbed interest rates in the housing rental market and the interest rates of mortgage loan, and the regulations on the housing financial market. Estimation results indicated that expectation for house cost increase was significant and opposite to the Jeonse price. Thus, the lower the expectation for increase is, the higher is the Jeose price, which tends to approach the house purchase price. Second, the spread between the curbed interest rates in the housing rental market and the interest rates of mortgage loan appears to be also significant and positive in relation to the Jeonse price. Finally, the results indicated that government regulation on the housing financial market is also a signifiant and negative influence. This finding showed that the recent surge in Jeonse price, together with the decrease in Jeonse supply, is a natural phenomenon because expectation for house price increase has been stagnate, and an official housing financial sector has been developed in the past few years.Maste
    corecore