A Survey-Based Analysis of the Housing Market in an Emerging Economy: The Turkish Case

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dc.authoridCoskun, Ali/0000-0003-1723-1107|Erdem, Orhan/0000-0002-0173-2364
dc.authorwosidErdem, Orhan/HHN-7313-2022
dc.authorwosidCoskun, Ali/B-1694-2019
dc.contributor.authorErdem, Orhan
dc.contributor.authorCoskun, Ali
dc.contributor.authorOruc, Hande
dc.date.accessioned2024-07-18T20:49:17Z
dc.date.available2024-07-18T20:49:17Z
dc.date.issued2013
dc.departmentİstanbul Bilgi Üniversitesien_US
dc.descriptionWorkshop on Structural Issues and Transition in Emerging Markets -- MAY 27-30, 2013 -- Istanbul, TURKEYen_US
dc.description.abstractThe authors analyze the dynamics of the housing market in Turkey from both the supply and the demand sides using cointegration analysis. Using a monthly survey, a buying index was created to measure housing demand. Construction permit data are used to measure the housing supply. Other variables include nominal interest rates, home prices, income, and construction costs. A vector error correction analysis reveals that shocks to any of the aforementioned variables have a predictable and permanent impact on the housing market and that interest rates play the most important role. The financial results presented here have important implications for the active intervention policies of the Central Bank of Turkey. To the best of the authors' knowledge, this is the first survey-based paper to simultaneously analyze both the demand and the supply sides of the housing market in Turkey.en_US
dc.identifier.doi10.2753/REE1540-496X4905S504
dc.identifier.endpage79en_US
dc.identifier.issn1540-496X
dc.identifier.issn1558-0938
dc.identifier.scopus2-s2.0-84893819365en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.startpage59en_US
dc.identifier.urihttps://doi.org/10.2753/REE1540-496X4905S504
dc.identifier.urihttps://hdl.handle.net/11411/8150
dc.identifier.volume49en_US
dc.identifier.wosWOS:000338929300005en_US
dc.identifier.wosqualityQ3en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherRoutledge Journals, Taylor & Francis Ltden_US
dc.relation.ispartofEmerging Markets Finance and Tradeen_US
dc.relation.publicationcategoryKonferans Öğesi - Uluslararası - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectCointegrationen_US
dc.subjectEmerging Marketsen_US
dc.subjectHousing Demand/Supplyen_US
dc.subjectTurkeyen_US
dc.subjectAutoregressive Time-Seriesen_US
dc.subjectUs Home Salesen_US
dc.subjectInterest-Ratesen_US
dc.subjectUnit-Rooten_US
dc.subjectDemanden_US
dc.subjectTurkeyen_US
dc.subjectPriceen_US
dc.subjectRealen_US
dc.titleA Survey-Based Analysis of the Housing Market in an Emerging Economy: The Turkish Caseen_US
dc.typeConference Objecten_US

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