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https://hdl.handle.net/20.500.11851/1887
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Alp, Dursun Ali | - |
dc.contributor.author | Coşkun, Yener | - |
dc.contributor.author | Seven, Ünal | - |
dc.contributor.author | Ertuğrul, Hasan Murat | - |
dc.date.accessioned | 2019-07-10T14:40:09Z | |
dc.date.available | 2019-07-10T14:40:09Z | |
dc.date.issued | 2017-08 | |
dc.identifier.uri | https://doi.org/10.1080/02673037.2017.1363378 | - |
dc.identifier.uri | https://hdl.handle.net/20.500.11851/1887 | - |
dc.description.abstract | Housing prices have increased substantially in some emerging markets in recent years. Turkish housing market has also experienced a boom over the last decade with rapid house price appreciations. This study is the first to employ two different house price indexes to analyze housing bubble in Turkey in two different time periods, 2010:M1–2014:M12 and 2007:M6–2014:M12. We first capture the determinants of housing price by employing Bounds test and then examine whether rising house prices have been justified by fundamentals by employing OLS/FMOLS/DOLS, Kalman filter and ARIMA models. The Bounds test results suggest that there is a long-term cointegration among house price indexes and housing rent, construction cost and real mortgage interest rate. The results imply that the Turkish housing market has experienced some cases of overvaluation, but not bubble formation. This evidence has several implications for house price dynamics and risks in the Turkish housing market. Based on Turkish experience, the study also draws policy implications for emerging housing markets. | en_US |
dc.language.iso | en | en_US |
dc.publisher | Routledge | en_US |
dc.relation.ispartof | Housing Studies | en_US |
dc.rights | info:eu-repo/semantics/closedAccess | en_US |
dc.subject | Housing | en_US |
dc.subject | bubble | en_US |
dc.subject | Bounds test | en_US |
dc.subject | Kalman filter | en_US |
dc.subject | Turkey | en_US |
dc.title | Housing Price Dynamics and Bubble Risk: the Case of Turkey | en_US |
dc.type | Article | en_US |
dc.department | Faculties, Faculty of Economics and Administrative Sciences, Department of Management | en_US |
dc.department | Fakülteler, İktisadi ve İdari Bilimler Fakültesi, İşletme Bölümü | tr_TR |
dc.identifier.startpage | 1 | |
dc.identifier.endpage | 37 | |
dc.identifier.wos | WOS:000587493100003 | en_US |
dc.identifier.scopus | 2-s2.0-85027845822 | en_US |
dc.institutionauthor | Alp, Dursun Ali | - |
dc.identifier.doi | 10.1080/02673037.2017.1363378 | - |
dc.authorscopusid | 24483144000 | - |
dc.relation.publicationcategory | Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı | en_US |
item.openairetype | Article | - |
item.languageiso639-1 | en | - |
item.grantfulltext | none | - |
item.fulltext | No Fulltext | - |
item.openairecristype | http://purl.org/coar/resource_type/c_18cf | - |
item.cerifentitytype | Publications | - |
crisitem.author.dept | 04.03. Department of Management | - |
Appears in Collections: | İşletme Bölümü / Department of Management Scopus İndeksli Yayınlar Koleksiyonu / Scopus Indexed Publications Collection WoS İndeksli Yayınlar Koleksiyonu / WoS Indexed Publications Collection |
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