The effect of house price changes on cohort consumption in Turkey

Evren CERİTOĞLU (Central Bank of the Republic of Turkey, Turkey)
Central Bank Review
0 0
Yıl: 2017 Cilt: 17 Sayı: 3 Sayfa Aralığı: 99 - 110 Metin Dili: İngilizce İndeks Tarihi: 29-07-2022

The effect of house price changes on cohort consumption in Turkey

Öz:
This paper analyzes the relationship between house prices and household consumption in Turkey. Weutilize twelve consecutive waves of the Turkish Statistical Institute (TURKSTAT) Household Budget Surveys (HBS) from 2003 to 2014. We construct a pseudo-panel data set using birth-year cohorts followingDeaton (1985). WeŞnd that house price changes have a positive and signiŞcant effect on the growth ofcohort consumption. Moreover, the effect of house price changes is stronger for home-owners and itintensiŞes as we move from young cohorts to old cohorts. We observe that there is a marginally signiŞcant and relatively weak relationship between the growth of cohort consumption and house pricechanges for tenants. However, our pooled sample set is restricted to young and middle-aged cohorts fortenants. In addition, weŞnd that the rise of home-ownership ratio increases the growth of cohortconsumption, while the spread of having outstanding housing debt depresses the growth of cohortconsumption. Therefore, our empiricalŞndings are in favor of the wealth channel argument.
Anahtar Kelime:

Konular: İşletme İktisat
Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık
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APA CERİTOĞLU E (2017). The effect of house price changes on cohort consumption in Turkey. , 99 - 110.
Chicago CERİTOĞLU Evren The effect of house price changes on cohort consumption in Turkey. (2017): 99 - 110.
MLA CERİTOĞLU Evren The effect of house price changes on cohort consumption in Turkey. , 2017, ss.99 - 110.
AMA CERİTOĞLU E The effect of house price changes on cohort consumption in Turkey. . 2017; 99 - 110.
Vancouver CERİTOĞLU E The effect of house price changes on cohort consumption in Turkey. . 2017; 99 - 110.
IEEE CERİTOĞLU E "The effect of house price changes on cohort consumption in Turkey." , ss.99 - 110, 2017.
ISNAD CERİTOĞLU, Evren. "The effect of house price changes on cohort consumption in Turkey". (2017), 99-110.
APA CERİTOĞLU E (2017). The effect of house price changes on cohort consumption in Turkey. Central Bank Review, 17(3), 99 - 110.
Chicago CERİTOĞLU Evren The effect of house price changes on cohort consumption in Turkey. Central Bank Review 17, no.3 (2017): 99 - 110.
MLA CERİTOĞLU Evren The effect of house price changes on cohort consumption in Turkey. Central Bank Review, vol.17, no.3, 2017, ss.99 - 110.
AMA CERİTOĞLU E The effect of house price changes on cohort consumption in Turkey. Central Bank Review. 2017; 17(3): 99 - 110.
Vancouver CERİTOĞLU E The effect of house price changes on cohort consumption in Turkey. Central Bank Review. 2017; 17(3): 99 - 110.
IEEE CERİTOĞLU E "The effect of house price changes on cohort consumption in Turkey." Central Bank Review, 17, ss.99 - 110, 2017.
ISNAD CERİTOĞLU, Evren. "The effect of house price changes on cohort consumption in Turkey". Central Bank Review 17/3 (2017), 99-110.
Sayfa Oluşturulma Tarihi
24-04-2024 17:0

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