The aim of the study is to analyze the macroeconomic determinants of foreign direct investment in real estate sector (FDIRE) covering the period from 2003:01-2016:12 for Turkey. To this aim, Johansen cointegration test and VECM (cointegrated VAR) have been employed and also impulse response functions and forecasted error variance decompositions have been analyzed to shed light on the issue of the nexus between selected macroeconomic indicators and FDIRE. Empirical findings suggest that the number of one-year lagged tourist arrivals and real house rent is the most important and statistically significant determinants of foreign direct investment in Turkish real estate sector. The findings imply that real house rent shocks also have a positive and significant impact on real house price.
ÖZET
ABSTRACTThe aim of this study is to suggest alternative policies, to analyze income effect and price effect of substitution goods, and to determine the determinants of world hazelnut demand.For this purpose a world hazelnut demand model is constructed based on the panel data of the top four-hazelnut importing countries (Germany, Belgium, Switzerland, Italy) covering the period 1970-2010. Estimation results indicate that hazelnut demand is not too much sensitive to change in price of hazelnut and almond and income of the countries under consideration.This implies that the establishment of a hazelnut board in Turkey aiming the regulation of the market price may lead to rise in the producer's revenue.
Bu çalışmanın amacı Azerbaycan, Kazakistan, Kırgızistan, Tacikistan ve Özbekistan'ın kent nüfus büyüklüklerinin dağılımlarının Sovyet Birliği ve sonrası dönemde farklılık gösterip göstermediğini Zipf Kanunu çerçevesinde analiz etmektir. Bu amaçla ülkelerin sosyalist dönemde ve sonrasında kent nüfus verileri kullanılarak farklı yılları kapsayan yatay kesit verilerine dayalı Zipf regresyon analizi yapılmıştır. Analiz sonuçlarına göre Azerbaycan ve Özbekistan dışında kalan diğer üç ülkede ekonomik sistemlerin farklılaşması kent nüfus büyüklerinin dağılımında dikkate değer değişikliklere sebep olmamıştır.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.