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2010 | 14 | 3 | 245-257
Article title

RENTAL PRICE CONVERGENCE IN A DEVELOPING ECONOMY: NEW EVIDENCE FROM NONLINEAR PANEL UNIT ROOT TEST

Content
Title variants
Languages of publication
EN
Abstracts
EN
The authors examine the hypothesis of nonlinear rental price convergence using relative rental price index of three major cities of Turkey namely, Istanbul, Izmir, and Ankara span from the period from January 1994 to February 2010. Their results indicate that all cities exhibit rental price convergence towards its national mean level for the period of January 1994 to December 2004. In contrast, none of the cities show evidence of convergence from January 2005 to February 2010. The evidence clearly shows rental price divergence in Turkish property market.
Contributors
author
  • Mehmet Huseyin Bilgin, Kadir Has University, 34083 Cibali-Fatih, Istanbul, Turkey
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
10LTAAAA08733
YADDA identifier
bwmeta1.element.340c3c29-141f-369e-9c18-2570e0bb7e5b
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