The Determinants of Foreign Direct Investment in Real Estate Market of Turkey: Evidence from a Cointegrated VAR

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dc.contributor.authorGök, Barış
dc.contributor.authorAkseki, Utku
dc.date.accessioned2023-01-12T20:30:26Z
dc.date.available2023-01-12T20:30:26Z
dc.date.issued2020
dc.departmentN/A/Departmenten_US
dc.description.abstractThe 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 thenumberofone-yearlaggedtouristarrivalsandreal 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.en_US
dc.identifier.doi10.30626/ tesamakademi.788701
dc.identifier.endpage299en_US
dc.identifier.issn2148-2462
dc.identifier.issn2458-9217
dc.identifier.issue2en_US
dc.identifier.startpage277en_US
dc.identifier.trdizinid420768en_US
dc.identifier.urihttps://doi.org/10.30626/ tesamakademi.788701
dc.identifier.urihttps://search.trdizin.gov.tr/yayin/detay/420768
dc.identifier.urihttps://hdl.handle.net/11454/80797
dc.identifier.volume7en_US
dc.indekslendigikaynakTR-Dizinen_US
dc.language.isoenen_US
dc.relation.ispartofTESAM AKADEMİen_US
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.titleThe Determinants of Foreign Direct Investment in Real Estate Market of Turkey: Evidence from a Cointegrated VARen_US
dc.typeArticleen_US

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