THE IMPACT OF OIL PRICES, THE US INTEREST RATES ON TURKEY'S REAL ESTATE MARKET. NEW EVIDENCE FROM COBINED CO-INTEGRATION AND BOOTSTRAP ARDL TESTS / AHMED ABDULRAHMAN OTHMAN ALHODIRY ; SUPERVISOR, PROF. DR. MEHMET AĞA
Dil: İngilizce 2023Tanım: 158 sheets ; 30 cm +1 CD ROMİçerik türü:- text
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Materyal türü | Geçerli Kütüphane | Koleksiyon | Yer Numarası | Kopya numarası | Durum | Notlar | İade tarihi | Barkod | Materyal Ayırtmaları | |
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CIU LIBRARY Depo | Tez Koleksiyonu | D 438 A44 2023 (Rafa gözat(Aşağıda açılır)) | C.1 | Kullanılabilir | Banking and Finance | T3897 | |||
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CIU LIBRARY Görsel İşitsel | Tez Koleksiyonu | D 438 A44 2023 (Rafa gözat(Aşağıda açılır)) | C.1 | Kullanılabilir | Banking and Finance | CDT3897 |
CIU LIBRARY raflarına göz atılıyor, Raftaki konumu: Görsel İşitsel, Koleksiyon: Tez Koleksiyonu Raf tarayıcısını kapatın(Raf tarayıcısını kapatır)
Thesis (PhD) - Cyprus International University. Institute of Graduate Studies and Research Business Administration
The present work aims to introduce fresh evidence by evaluating the impacts of the
oil prices and the US interest rate on Turkish real estate market by employing two
techniques of co-integration assessments namely: the developed bootstrap
autoregressive distributed lag (ARDL) approach as introduced by (McNown et al.
2018), the updated approach of the Bayer-Hanck (2013) combined co-integration
assessment. The ARDL approach is employed to study the connection amid the
variables. The outcomes illustrate that the prices of oil have a positive and significant
impacts on the Turkish real estate market. Furthermore, the outcomes illustrated that
there is a significant spillover influence of the U.S. interest rate on the Turkish real
estate market through domestic interest rates and oil prices channels. This study
recommends that the following factors led to increasing volatility of the real estate
market in Turkey to the U.S. interest rate and oil prices fluctuations: the presence of
economic interdependence among the united states and Turkey, and the majority of
Turkey’s external debts are composed in the US dollars, and oil imports in Turkey hit
record high in recent years. The study recommends that Turkish policymakers must
pay more attention to the impacts of U.S. interest rates and oil prices on Turkish
markets to sustain the economic and financial development.