Explosive behavior in the real estate market of Turkey

The aim of this paper is to investigate the potential presence of explosive behavior in the real estate market of Turkey. We apply the methodology developed by Chen et al. (2017) for co-moving systems with explosive processes on the monthly housing price indices and the housing unit prices over the...

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Bibliographic Details
Main Author: Efe Caglar Cagli
Format: Article
Language:English
Published: Elsevier 2019-09-01
Series:Borsa Istanbul Review
Online Access:http://www.sciencedirect.com/science/article/pii/S2214845018301728