Macroeconomic variables and the housing market in Turkey
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Dosyalar
Tarih
2007
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
M E Sharpe Inc
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
This paper investigates the relation between housing starts and macroeconomic variables in Turkey from 1961 to 2000. The generalized variance decomposition approach is used to examine relations between housing market activity and prices, interest rates, output, money stock, and employment. In contrast to previous findings for developed countries, our results indicate that the monetary aggregate has a relatively more important and substantial effect on housing investment than does employment. Generally speaking, shocks to interest rates, output, and prices have noticeable effects on changes in the Turkish housing market.
Açıklama
Anahtar Kelimeler
Employment, Housing Investment, Monetary Policy, Variance Decompositions.
Kaynak
Emerging Markets Finance And Trade
WoS Q Değeri
Q3
Scopus Q Değeri
Q1
Cilt
43
Sayı
5
