Spatial Analysis of the Housing Price Index: An Application for Turkey NUTS-Level2 Regions

Serpil Türkyılmaz

Makale detayları

Spatial Analysis of the Housing Price Index: An Application for Turkey NUTS-Level2 Regions

Yazarlar:

Serpil Türkyılmaz

Yayıncı:

Alanya Alaaddin Keykubat Üniversitesi

Ana Başlıklar:

Ekonomi

Dergi:

Alanya Akademik Bakış Vol.7 Issue 1, pp.445-460

Belge Tipi:

Makale

Yayın Tarihi:

1/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001283517

pISSN:

2651-4192

Anahtar kelimeler:

Özet:

 The main purpose of this study is to evaluate the spatial effects of housing prices. For this purpose, the spatial analysis of the housing price indices of 26 regions according to the NUTS-Level2 classification in Turkey was made and their relationship with inflation was examined with spatial econometric models. The existence of the spatial effects in the housing price indices for 26 regions was tested with the Moran-I statistics and it was seen that the spatial effects between the housing price indices of the mentioned regions were significant. The results of the LM tests used for the selection of spatial econometric models supported the spatial lag models. According to the estimated spatial autoregressive model SAR and spatial Durbin model SDM findings, the spatial effect parameter ρ is positive and statistically significant. Spatial effect parameter supported that there is a similar pricing attitude for housing in regions where spatial dependency is significant. In addition, the spatial effects of inflation on housing price indices in 26 regions according to NUTS-Level2 classification for the period examined in the estimated SAR and SDM models were not found statistically significant.

 The main purpose of this study is to evaluate the spatial effects of housing prices. For this purpose, the spatial analysis of the housing price indices of 26 regions according to the NUTS-Level2 classification in Turkey was made and their relationship with inflation was examined with spatial econometric models. The existence of the spatial effects in the housing price indices for 26 regions was tested with the Moran-I statistics and it was seen that the spatial effects between the housing price indices of the mentioned regions were significant. The results of the LM tests used for the selection of spatial econometric models supported the spatial lag models. According to the estimated spatial autoregressive model SAR and spatial Durbin model SDM findings, the spatial effect parameter ρ is positive and statistically significant. Spatial effect parameter supported that there is a similar pricing attitude for housing in regions where spatial dependency is significant. In addition, the spatial effects of inflation on housing price indices in 26 regions according to NUTS-Level2 classification for the period examined in the estimated SAR and SDM models were not found statistically significant.

 The main purpose of this study is to evaluate the spatial effects of housing prices. For this purpose, the spatial analysis of the housing price indices of 26 regions according to the NUTS-Level2 classification in Turkey was made and their relationship with inflation was examined with spatial econometric models. The existence of the spatial effects in the housing price indices for 26 regions was tested with the Moran-I statistics and it was seen that the spatial effects between the housing price indices of the mentioned regions were significant. The results of the LM tests used for the selection of spatial econometric models supported the spatial lag models. According to the estimated spatial autoregressive model SAR and spatial Durbin model SDM findings, the spatial effect parameter ρ is positive and statistically significant. Spatial effect parameter supported that there is a similar pricing attitude for housing in regions where spatial dependency is significant. In addition, the spatial effects of inflation on housing price indices in 26 regions according to NUTS-Level2 classification for the period examined in the estimated SAR and SDM models were not found statistically significant.

 Bu çalışmanın temel amacı konut fiyatlarındaki mekânsal etkilerin değerlendirilmesidir. Bu amaçla Türkiye de İBBS-Düzey2 sınıflamasına göre 26 bölgenin konut fiyat endekslerinin mekânsal analizi yapılarak enflasyonla ilişkisi mekânsal ekonometrik modellerle incelenmiştir. 26 bölge açısından konut fiyat endekslerindeki mekânsal etkilerin varlığı Moran-I istatistiği ile test edilmiş ve söz konusu bölgelerin konut fiyat endeksleri arasındaki mekânsal etkilerin anlamlı olduğu görülmüştür. Mekânsal ekonometrik modellerin seçimi için kullanılan LM testleri sonuçları mekânsal gecikme modellerini desteklemiştir. Tahmin edilen mekânsal gecikme modeli SAR ve mekânsal Durbin modeli SDM bulgularına göre mekânsal etki parametresi ρ pozitif ve istatistiksel anlamlıdır ve mekânsal bağımlılığın anlamlı olduğu bölgelerde konutlarla ilgili benzer bir fiyatlama tutumu olduğunu desteklemiştir. Ayrıca tahmin edilen SAR ve SDM modellerinde incelenen dönem için İBBS-Düzey2 sınıflamasına göre 26 bölgede enflasyonun konut fiyat endeksleri üzerindeki mekânsal etkileri istatistiksel anlamlı bulunamamıştır.

Makale detayları

Spatial Analysis of the Housing Price Index: An Application for Turkey NUTS-Level2 Regions

Yazarlar:

Serpil Türkyılmaz

Yayıncı:

Alanya Alaaddin Keykubat Üniversitesi

Ana Başlıklar:

Ekonomi

Dergi:

Alanya Akademik Bakış Vol.7 Issue 1, pp.445-460

Belge Tipi:

Makale

Yayın Tarihi:

1/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001283517

pISSN:

2651-4192

Spatial Dependency

Moran-I Statistics

House Price Index

SAR Model

SDM Model

Mekânsal Bağımlılık

Moran-I İstatistiği

Konut Fiyat Endeksi

SAR Modeli

SDM Modeli

Sayı

Makale detayları

Yazarlar: Serpil Türkyılmaz

Yayıncı: Alanya Alaaddin Keykubat Üniversitesi

Ana Başlıklar: Ekonomi

Dergi: Alanya Akademik Bakış Vol.7 Issue 1, pp.445-460

Belge Tipi: Makale

Yayın Tarihi: 1/2023

Belge Dili: Türkçe

Document ID (Org No.): 2001283517

pISSN: 2651-4192

Sayı

Yazarlar:

Serpil Türkyılmaz

Yayıncı:

Alanya Alaaddin Keykubat Üniversitesi

Ana Başlıklar:

Ekonomi

Dergi:

Alanya Akademik Bakış Vol.7 Issue 1, pp.445-460

Belge Tipi:

Makale

Yayın Tarihi:

1/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001283517

pISSN:

2651-4192