Siyaset Ekonomi ve Yönetim Araştırmaları Dergisi
Yazarlar: Bahar İSLAMOĞLU, Şaban NAZLIOĞLU
Konular:-
Anahtar Kelimeler:Housing Prices,Inflation. Turkey,Panel Data.
Özet: This study aims to analyze the effect of inflation rate on housing prices. The empirical model developed in this framework was estimated by using panel data method for Istanbul, Ankara and Izmir over the 2010q1–2017q4 period. Findings show that housing prices have a unit elasticity with respect to the inflation rate. We also find out that the elasticity of housing prices with respect to housing demand and population is 0.06 and 1.97, respectively. These findings illustrate that the macro-economic factors are important drives of housing prices in Turkey.
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