ISSN: 0137-3056


Punkty MNiSW:

13



Redaktor naczelny:
prof. dr hab. Tomasz Żylicz
tzylicz@wne.uw.edu.pl

Sekretarz redakcji:
Marta Höffner
ekonomia@wne.uw.edu.pl
(48) 22 55 49 184

Wydawca:



Linear and Nonlinear Dynamics of Housing Price in Turkey

H. Karamelikli

ABSTRAKT: Housing sector have an important size in economic activities of Turkey. This sector could absorb an important size of skilled and unskilled unemployed. Furthermore, decreasing rents would cause an increase in household savings because of lightening their basic expenditures. Therefore, having knowledge about the dynamics of housing prices is very crucial for economic policymakers. In this paper, the dynamics between house prices and macroeconomic variables including inflation, interest rate, unemployment and real domestic product are studied. Despite the well-known fact that macroeconomic variables possess asymmetric and nonlinear features, many studies about the dynamics of housing prices has been tested only within a linear framework. Therefore, in this paper non-linear autoregressive distributed lag (NARDL) model is used to explore asymmetrical relations in the long-run. Despite to most researches in this field, the effect of interest rate found with a negative sign. Negative effect of both nominal interest rate and inflation on housing prices alongside of greater impact of inflation in comparison with nominal interest rate, would cause the long-run coefficient of real interest rate be positive. Forethought can explain of the positive relation of the unemployment rate and housing prices.

Pełny tekst (PDF)


Numer wydania: 46

W numerze:

Introduction and Overview
A. Cieślik
ABSTRAKT | PDF
Innovation Intensity as a Driver of Firm's Internationalization Intensity: Evidence for Poland
T. Brodzicki
ABSTRAKT | PDF
Regional Variation in the Public Sector Wage Premium in Poland
G. Grotkowska
ABSTRAKT | PDF
Linear and Nonlinear Dynamics of Housing Price in Turkey
H. Karamelikli
ABSTRAKT | PDF
When Does the Integration of Mitigation and Adaptation in the Land Use Sector Actually Makes Sense?
M. López Ramírez
ABSTRAKT | PDF
The Impact of Monetary Policy and Agent Heterogeneity on Firm Financing Structure: Evidence from the USA
A. Malinowska
ABSTRAKT | PDF
Educational Mismatches and Earnings in Poland: Are Graduates Penalised for Being Overeducated?
L. Wincenciak
ABSTRAKT | PDF
SZUKAJ:



2017
2016 2015 2014 2013 2012 2011 2009 2008 2007 2005 2004 2003 2002 2001