Understanding the dynamics of housing market: evidence from Turkey

Basit Öğe Kaydı
dc.authorid0000-0003-3305-7209
dc.contributor.authorBora, Ramazan
dc.contributor.authorVarlı, Yusuf
dc.contributor.otherYönetim Bilimleri Fakültesi, İşletme Bölümü
dc.date.accessioned2019-06-25T08:04:53Z
dc.date.available2019-06-25T08:04:53Z
dc.date.issued2018
dc.departmentİHÜ, Yönetim Bilimleri Fakültesi, İktisat Bölümü
dc.departmentİHÜ, Lisansüstü Eğitim Enstitüsü, İktisat Ana Bilim Dalı
dc.description.abstractThe housing market has attracted substantial interest in both theory and practice as its interactions with the rest of the economy has far-reaching implications from the perspectives of the households, businesses and the policy makers. In particular, the 2007-08 global financial crisis has reaffirmed the importance of the housing market on the proper functioning of the whole economy. In this study, the demand and supply sides of the housing market are modeled separately referring to the problem of representative household and firm. The housing market model analyzed in this study is supported with an empirical application based on Turkish housing market data and using cointegration analysis and the vector error correction model (VECM). It is found that the housing market and macroeconomic fundamentals of Turkey, such as the income level, interest rate, unemployment and housing prices are cointegrated. Additionally, further analysis based on structural VECM suggests that the housing market in Turkey, particularly in the long run, is sensitive to the shocks in the economy.
dc.identifier.citationVarlı, Y. ve Bora, R. (2018). Understanding the dynamics of housing market: evidence from Turkey. II. Uluslararası Ekonomi, Finans ve Ekonometri Sempozyumu (ISEFE)
dc.identifier.urihttps://hdl.handle.net/20.500.12154/782
dc.institutionauthorVarlı, Yusuf
dc.institutionauthorid0000-0003-3305-7209
dc.language.isoen
dc.publisherBandırma Onyedi Eylül Üniversitesi
dc.relation.ihupublicationcategory130
dc.relation.ispartofII. Uluslararası Ekonomi, Finans ve Ekonometri Sempozyumu (ISEFE), 06-07 Aralık 2018
dc.relation.publicationcategoryKonferans Öğesi - Uluslararası - Kurum Öğretim Elemanı
dc.relation.publicationcategoryÖğrenci
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.subjectHousing Market
dc.subjectCointegration
dc.subjectVector Error Correction Model, Turkey
dc.titleUnderstanding the dynamics of housing market: evidence from Turkey
dc.typeConference Object
dspace.entity.typePublication
relation.isAuthorOfPublicationd17361da-7d88-4d33-af55-e3d83fe37bbc
relation.isAuthorOfPublication.latestForDiscoveryd17361da-7d88-4d33-af55-e3d83fe37bbc
relation.isOrgUnitOfPublicationc9253b76-6094-4836-ac99-2fcd5392d68f
relation.isOrgUnitOfPublication.latestForDiscoveryc9253b76-6094-4836-ac99-2fcd5392d68f

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