Business & Management Studies: An International Journal

Yazarlar: Rıfat Karakuş, Sezer Öksüz

Konular:-

Anahtar Kelimeler:BİST Gayrimenkul Yatırım Ortaklıkları Endeksi,Konut Fiyat Endeksi,Faiz Oranı,Enflasyon,ARDL Sınır Testi BIST Real Estate Investment Trusts Index,House Price Index,Interest Rate,Inflation,ARDL Bounds Testing Approach

Özet: This study aims to investigate the relationship between BIST Real Estate Investment Trusts Index and the housing price index, interest rate, and inflation. In the study, the cointegration relationship is examined with the ARDL bounds testing approach using the monthly data of BIST Real Estate Investment Trusts Index, the house price index, rental consumer price index and house loan interest rates for the period January 2010-December 2020 and the long and short-term coefficients are estimated. As a result of the analysis, there is cointegration between BIST Real Estate Investment Trusts Index and the house price index, the rental consumer price index and the house loan interest rates; in the long term, the increase in the house price index increases BIST Real Estate Investment Trusts Index, however the increase in the rental consumer price index and house loan interest rates decreases BIST Real Estate Investment Trusts Index.  

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