The relationship between housing prices and inflation rate in Turkey Evidence from panel Konya causality test

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dc.authoridKorkmaz, Ozge/0000-0001-9275-1271
dc.contributor.authorKorkmaz, Ozge
dc.date.accessioned2024-10-04T18:53:58Z
dc.date.available2024-10-04T18:53:58Z
dc.date.issued2019
dc.departmentBayburt Üniversitesien_US
dc.description.abstractPurpose Human beings need shelter as the beginning of their existence. Same holds true for people who live in Turkey as it is a cultural and traditional reason to be the host and endeavor to buy a home even if one has to pay the debt for years. Another factor that is important for individuals and even for countries is the inflation rate. In this context, the purpose of this study is to investigate whether the 26 regions of Turkey are affected by the inflationary pressure, specifically in the housing price index (HPI). Design/methodology/approach For this purpose, data from 2010:01 to 2019:01 and the consumer price index (CPI), as well as HPI have been used. The causal relationship between the variables is analyzed by Konya Causality (2006) test. Findings The key results suggest that HPI causes inflationary pressures in some regions. Research limitations/implications The study has some limitations in terms of data set and scope. These are as follows: although there are many variables affecting housing prices, this study aims to investigate the causal link between inflation and housing prices. In addition, only the CPI and HPI variables were provided on a monthly basis in the 2010-2019 period for 26 regions due to the aim of making regional propositions in the investigation of this relationship. For these reasons, different macroeconomic variables could not be studied. Originality/value This study makes the following contribution to the literature. While the majority of existing literature investigates the relationship between housing prices and inflation from an empirical perspective for country, very few studies have been for the sub-regions and also these studies have focused on only some sub-regions. In other words, in the literature review, a study has observed that Turkey has to examine the relationship between the housing price and inflation variables for all sub-regions in particular. To overcome this deficiency in the literature, this study aims to investigate the relationship between housing price and inflation for 26 regions.en_US
dc.identifier.doi10.1108/IJHMA-05-2019-0051
dc.identifier.endpage452en_US
dc.identifier.issn1753-8270
dc.identifier.issn1753-8289
dc.identifier.issue3en_US
dc.identifier.scopus2-s2.0-85074375205en_US
dc.identifier.scopusqualityQ2en_US
dc.identifier.startpage427en_US
dc.identifier.urihttps://doi.org/10.1108/IJHMA-05-2019-0051
dc.identifier.urihttp://hdl.handle.net/20.500.12403/3816
dc.identifier.volume13en_US
dc.identifier.wosWOS:000534752000001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherEmerald Group Publishing Ltden_US
dc.relation.ispartofInternational Journal of Housing Markets and Analysisen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectKonya causality testen_US
dc.subjectRegional analysisen_US
dc.subjectConsumer price indexen_US
dc.subjectHousing price indexen_US
dc.subjectTurkeyen_US
dc.subjectReal estateen_US
dc.subjectHousing pricesen_US
dc.subjectConsumer priceen_US
dc.subjectC33en_US
dc.subjectC58en_US
dc.titleThe relationship between housing prices and inflation rate in Turkey Evidence from panel Konya causality testen_US
dc.typeArticleen_US

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