Detecting housing price bubbles using panel unit roots tests

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dc.contributor.authorKorkmaz, Özge
dc.date.accessioned2024-10-04T18:58:38Z
dc.date.available2024-10-04T18:58:38Z
dc.date.issued2019
dc.departmentBayburt Üniversitesien_US
dc.description.abstractThe current developments in the global economy indicate that fluctuations in housing price have important effect on macroeconomic stability. Housing price is one of the indicators of household prosperity. Therefore, excessive volatility in housing market may influence macroeconomic prosperity. Especially it has recently seen higher increases in housing price in Turkey than in previous years. The aim of the study is to investigate regional house price bubbles in Turkish housing market using different panel unit root tests, which are CADF, SURADF, PANKPSS, Fourier KSS, sequential ADF and generalized sequential ADF unit root tests and KPSS stationarity test with sharp and smooth breaks. Therefore, the advantages and performances of so-called unit root tests were compared. The results of the analysis show that the presence of the bubbles in some regions was evidenced by CADF and SURADF unit root tests, while any evidence regarding the presence of bubble was not found by PANKPSS, FKSS unit root tests and KPSS stationarity test with sharp and smooth breaks. This study contributes to the existing literature in comparing of new methods used in detecting of the bubbles in housing prices. © Peter Lang AG 2019.en_US
dc.identifier.endpage115en_US
dc.identifier.isbn978-363179570-5
dc.identifier.isbn978-363179571-2
dc.identifier.scopus2-s2.0-85113840674en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.startpage87en_US
dc.identifier.urihttp://hdl.handle.net/20.500.12403/3939
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherPeter Lang AGen_US
dc.relation.ispartofSelected Topics in Applied Econometricsen_US
dc.relation.publicationcategoryKitap Bölümü - Uluslararasıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectFourier KSS unit root testen_US
dc.subjectGSADF unit root testen_US
dc.subjectHousing price bubblesen_US
dc.subjectKPSS stationarity test with sharp and smooth breaksen_US
dc.subjectPanel CADF unit root testen_US
dc.subjectPanel SURADF unit root testen_US
dc.subjectPANKSS unit root testen_US
dc.subjectSADF unit root testen_US
dc.subjectTurkeyen_US
dc.titleDetecting housing price bubbles using panel unit roots testsen_US
dc.typeBook Chapteren_US

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