Research Article
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OECD Ülkelerinde Uluslararası Göçün Konut Fiyatları Üzerindeki Etkisi

Year 2020, Volume: 10 Issue: 2, 427 - 443, 25.12.2020

Ebru Topcu

https://doi.org/10.18074/ckuiibfd.609568
Cited By: 1

Abstract

Bu
çalışmanın amacı, seçilmiş OECD ülkelerinde uluslararası göç ile konut
fiyatları arasındaki ilişkinin 2003-2016 dönemini kapsayan verilerle
incelenmesidir. Panel Tam Uyarlanmış En Küçük Kareler (FMOLS) modeli
kullanılarak değişkenler arasındaki uzun dönemli ilişki araştırılmıştır. Elde
edilen bulgular, uluslararası göç ile konut fiyatları arasında pozitif yönlü
bir ilişkinin varlığını desteklemektedir. Bu bağlamda, uluslararası göçteki
%1’lik bir artışın konut fiyatlarını %0,08 artırdığı tespit edilmiştir. Kurulan
modelde, konut fiyatlarını etkileme potansiyeli olan nüfus yoğunluğu, işsizlik
ve kişi başına gelir gibi kontrol değişkenleri de araştırılmıştır. Elde edilen
bulgulara göre, nüfus yoğunluğundaki %1’lik artış konut fiyatlarını %0,48
artırırken; işsizlik oranındaki %1’lik bir artış konut fiyatlarını %0,21
düşürmektedir. Ayrıca, kişi başına gelirdeki 1’lik artış ise konut fiyatlarını
%0,58 artırmaktadır.

Keywords

Uluslararası Göç Konut Fiyatları OECD Ülkeleri FMOLS

References

  • Accetturo, A., Manaresi, F., Mocetti, S. ve Olivieri, E. (2014). Don't stand so close to me: the urban impact of immigration”. Regional and Urban Economics, 45, 45-46.
  • Akbari, A. H. ve Aydede, Y. (2012). Effects of immigration on house prices in Canada. Applied Economics, 44(13), 1645-1658.
  • Basten, C. ve Koch, C. (2016). The causal effect of house prices on mortgage demand and mortgage supply: evidence from Switzerland. BIS Working Papers, 555 , 1-50.
  • Chanpiwat, N. (2013). estimating the impact of immigration on housing prices and housing affordability in New Zealand, [E.T: 24.06.2019], https://openrepository.aut.ac.nz/bitstream/handle/10292/5573/ChanpiwatN.pdf?sequence=4
  • Cochrane, B. ve Poot, J. (2016). Past research on the impact of international migration on house prices: implications for Auckland, Wellington, New Zealand: Ministry of Business Innovation and Employment (MBIE), Report: 1–34).
  • Coleman, A. M. G. ve Landon-Lane, J. (2007). housing markets and migration in New Zealand, 1962-2006. Reserve Bank Discussion Paper, DP2007/12.
  • d’Albis, H., Coulibaly, D. ve Boubtane, E. (2017). international migration and regional housing markets: evidence from France. Discussion Paper Series, Hal Id: hal-01469758.
  • Degen, K. ve Fischer, A. M. (2017). Immigration and Swiss house prices. Swiss Society of Economics and Statistics. 153 (1), 15-36.
  • Frostad, A. Ø. (2014). Immigration and house prices in Norway. Norwegian University of Science and Technology, [E.T: 01.07.2019], https://core.ac.uk/download/pdf/52109387.pdf
  • International Organization for Migration (IOM) (2018), World Migration Report 2018, [E.T: 27.06.2019], https://publications.iom.int/system/files/pdf/wmr_2018_en.pdf Ge, X. C. (2009). Determinants of house prices in New Zealand. Pacific Rim Property Research Journal, 15(1), 90-121.
  • Gonzalez, L. ve Ortega, F. (2013). immigration and housing booms: evidence from Spain. J. Reg. Sci., 5 (1), 37-59.
  • Granger C. W. J. ve Newbold, P. (1974). Spurious regressions in econometrics. Journal of Econometrics, 2, 111-120.
  • Harding, J. P., Rosenthal, S. S. ve Sirmans, C. F. (2003). Estimating bargaining power in the market for existing homes. Review of Economics and Statistics, 85 (1),178-188.
  • Kao, C. (1999). Spurious regression and residual-based tests for cointegration in panel data. Journal of Econometrics, 90, 1-44.
  • Kalataryan, S. (2013). Housing market responses to immigration : evidence from Italy. EUI RSCAS; 2013/83; Migration Policy Centre, ISSN: 1028-3625
  • Kashnitsky, I. ve Gunko, M. (2016). Spatial variation of in-migration to Moscow: testing the effect of housing market. Cities,30-39.
  • Larkin, M. P., Askarov, Z., Doucouliagos, H., Dubelaar, C., Klona, M., Newton, J., Stanley, T. D. ve Vocino, A. (2018). Do house prices sink or ride the wave of immigration? IZA Institute of Labor Economics Discussion Paper Series, IZA DP No. 11497.
  • Larkin, M. P., Askarov, Z., Doucouliagos, H., Dubelaar, C., Klona, M., Newton, J., Stanley, T. D. ve Vocino, A. (2019). Do house prices ride the wave of immigration? Journal of Housing Economics, In Press.
  • Maddala, G.S. ve Wu, S. (1999). A comparative study of unit root tests with panel data and a new simple test. Oxford Bulletin of Economics and Statistics, Special Issue, 0305-9049,631-652.
  • McDonald, C. (2013). Migration and the housing market. Reserve Bank of New Zealand Analytical Note Series, 10, 1-19.
  • Miles, D. K. (2012). Population density, house prices and mortgage design. Scottish Journal of Political Economy, 59 (5), 444-466.
  • Mussa, A., Nwaogu, U. G. ve Pozo, S. (2017). Immigration and housing, a spatial econometric analysis. Journal of Housing Economics, 35, 13–25.
  • Müller, L. S. (2018). Immigration and house prices in Sweden, [E.T: 12.06.2019], http://lup.lub.lu.se/luur/download?func=downloadFile&recordOId=8958267&fileOId=8958268
  • OECD (2018), International migration outlook, [E.T: 15.06.2019] https://www.oecd.org/migration/international-migration-outlook-1999124x.htm
  • Pedroni, P. (2000). Fully modified OLS for heterogeneous cointegrated panels. Advances in Econometrics, 15, 93-132.
  • Pedroni, P. (2001). Purchasing power parity tests in cointegrated panels. Review of Economics and Statistics, 83, 727-731.
  • Sa, F. (2015). Immıgratıon and house prices in the UK. The Economic Journal, 125, 1393-1424.
  • Saiz, A. (2003). Room in the kitchen for the melting pot: immigration and rental prices. Review of Economics and Statistics, 85(3), 502-521.
  • Saiz, A. (2007). Immigration and housing rents in American Cities. Journal of Urban Economics, 61, 345–371.
  • Saiz, A. ve Wachter, S. (2011). Immigration and the neighborhood. American Economic Journal: Economic Policy, 3 (2), 169-88.
  • Sanchis-Guarner, R. (2017). Decomposing the impact of immigration on house prices. Spatial Economics Research Centre, SERC Discussion Paper 223.
  • Zhu, J., Pryce, G.B. ve Brown, S. (2018). Immigration and house prices under various labour market structures in England and Wales. Urban Studies, ISSN 0042-0980.
  • Zhu, Q. (2010). Regional unemployment and house price determination. MPRA Paper 41785, University Library of Munich, Germany.

Year 2020, Volume: 10 Issue: 2, 427 - 443, 25.12.2020

Ebru Topcu

https://doi.org/10.18074/ckuiibfd.609568
Cited By: 1

Abstract

References

  • Accetturo, A., Manaresi, F., Mocetti, S. ve Olivieri, E. (2014). Don't stand so close to me: the urban impact of immigration”. Regional and Urban Economics, 45, 45-46.
  • Akbari, A. H. ve Aydede, Y. (2012). Effects of immigration on house prices in Canada. Applied Economics, 44(13), 1645-1658.
  • Basten, C. ve Koch, C. (2016). The causal effect of house prices on mortgage demand and mortgage supply: evidence from Switzerland. BIS Working Papers, 555 , 1-50.
  • Chanpiwat, N. (2013). estimating the impact of immigration on housing prices and housing affordability in New Zealand, [E.T: 24.06.2019], https://openrepository.aut.ac.nz/bitstream/handle/10292/5573/ChanpiwatN.pdf?sequence=4
  • Cochrane, B. ve Poot, J. (2016). Past research on the impact of international migration on house prices: implications for Auckland, Wellington, New Zealand: Ministry of Business Innovation and Employment (MBIE), Report: 1–34).
  • Coleman, A. M. G. ve Landon-Lane, J. (2007). housing markets and migration in New Zealand, 1962-2006. Reserve Bank Discussion Paper, DP2007/12.
  • d’Albis, H., Coulibaly, D. ve Boubtane, E. (2017). international migration and regional housing markets: evidence from France. Discussion Paper Series, Hal Id: hal-01469758.
  • Degen, K. ve Fischer, A. M. (2017). Immigration and Swiss house prices. Swiss Society of Economics and Statistics. 153 (1), 15-36.
  • Frostad, A. Ø. (2014). Immigration and house prices in Norway. Norwegian University of Science and Technology, [E.T: 01.07.2019], https://core.ac.uk/download/pdf/52109387.pdf
  • International Organization for Migration (IOM) (2018), World Migration Report 2018, [E.T: 27.06.2019], https://publications.iom.int/system/files/pdf/wmr_2018_en.pdf Ge, X. C. (2009). Determinants of house prices in New Zealand. Pacific Rim Property Research Journal, 15(1), 90-121.
  • Gonzalez, L. ve Ortega, F. (2013). immigration and housing booms: evidence from Spain. J. Reg. Sci., 5 (1), 37-59.
  • Granger C. W. J. ve Newbold, P. (1974). Spurious regressions in econometrics. Journal of Econometrics, 2, 111-120.
  • Harding, J. P., Rosenthal, S. S. ve Sirmans, C. F. (2003). Estimating bargaining power in the market for existing homes. Review of Economics and Statistics, 85 (1),178-188.
  • Kao, C. (1999). Spurious regression and residual-based tests for cointegration in panel data. Journal of Econometrics, 90, 1-44.
  • Kalataryan, S. (2013). Housing market responses to immigration : evidence from Italy. EUI RSCAS; 2013/83; Migration Policy Centre, ISSN: 1028-3625
  • Kashnitsky, I. ve Gunko, M. (2016). Spatial variation of in-migration to Moscow: testing the effect of housing market. Cities,30-39.
  • Larkin, M. P., Askarov, Z., Doucouliagos, H., Dubelaar, C., Klona, M., Newton, J., Stanley, T. D. ve Vocino, A. (2018). Do house prices sink or ride the wave of immigration? IZA Institute of Labor Economics Discussion Paper Series, IZA DP No. 11497.
  • Larkin, M. P., Askarov, Z., Doucouliagos, H., Dubelaar, C., Klona, M., Newton, J., Stanley, T. D. ve Vocino, A. (2019). Do house prices ride the wave of immigration? Journal of Housing Economics, In Press.
  • Maddala, G.S. ve Wu, S. (1999). A comparative study of unit root tests with panel data and a new simple test. Oxford Bulletin of Economics and Statistics, Special Issue, 0305-9049,631-652.
  • McDonald, C. (2013). Migration and the housing market. Reserve Bank of New Zealand Analytical Note Series, 10, 1-19.
  • Miles, D. K. (2012). Population density, house prices and mortgage design. Scottish Journal of Political Economy, 59 (5), 444-466.
  • Mussa, A., Nwaogu, U. G. ve Pozo, S. (2017). Immigration and housing, a spatial econometric analysis. Journal of Housing Economics, 35, 13–25.
  • Müller, L. S. (2018). Immigration and house prices in Sweden, [E.T: 12.06.2019], http://lup.lub.lu.se/luur/download?func=downloadFile&recordOId=8958267&fileOId=8958268
  • OECD (2018), International migration outlook, [E.T: 15.06.2019] https://www.oecd.org/migration/international-migration-outlook-1999124x.htm
  • Pedroni, P. (2000). Fully modified OLS for heterogeneous cointegrated panels. Advances in Econometrics, 15, 93-132.
  • Pedroni, P. (2001). Purchasing power parity tests in cointegrated panels. Review of Economics and Statistics, 83, 727-731.
  • Sa, F. (2015). Immıgratıon and house prices in the UK. The Economic Journal, 125, 1393-1424.
  • Saiz, A. (2003). Room in the kitchen for the melting pot: immigration and rental prices. Review of Economics and Statistics, 85(3), 502-521.
  • Saiz, A. (2007). Immigration and housing rents in American Cities. Journal of Urban Economics, 61, 345–371.
  • Saiz, A. ve Wachter, S. (2011). Immigration and the neighborhood. American Economic Journal: Economic Policy, 3 (2), 169-88.
  • Sanchis-Guarner, R. (2017). Decomposing the impact of immigration on house prices. Spatial Economics Research Centre, SERC Discussion Paper 223.
  • Zhu, J., Pryce, G.B. ve Brown, S. (2018). Immigration and house prices under various labour market structures in England and Wales. Urban Studies, ISSN 0042-0980.
  • Zhu, Q. (2010). Regional unemployment and house price determination. MPRA Paper 41785, University Library of Munich, Germany.
There are 33 citations in total.

Details

Primary Language Turkish
Subjects Economics
Journal Section Research Article
Authors

Ebru Topcu 0000-0003-3572-7552

Publication Date December 25, 2020
Published in Issue Year 2020 Volume: 10 Issue: 2

Cite

APA Topcu, E. (2020). OECD Ülkelerinde Uluslararası Göçün Konut Fiyatları Üzerindeki Etkisi. Çankırı Karatekin Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, 10(2), 427-443. https://doi.org/10.18074/ckuiibfd.609568
AMA Topcu E. OECD Ülkelerinde Uluslararası Göçün Konut Fiyatları Üzerindeki Etkisi. Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. December 2020;10(2):427-443. doi:10.18074/ckuiibfd.609568
Chicago Topcu, Ebru. “OECD Ülkelerinde Uluslararası Göçün Konut Fiyatları Üzerindeki Etkisi”. Çankırı Karatekin Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi 10, no. 2 (December 2020): 427-43. https://doi.org/10.18074/ckuiibfd.609568.
EndNote Topcu E (December 1, 2020) OECD Ülkelerinde Uluslararası Göçün Konut Fiyatları Üzerindeki Etkisi. Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 10 2 427–443.
IEEE E. Topcu, “OECD Ülkelerinde Uluslararası Göçün Konut Fiyatları Üzerindeki Etkisi”, Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, vol. 10, no. 2, pp. 427–443, 2020, doi: 10.18074/ckuiibfd.609568.
ISNAD Topcu, Ebru. “OECD Ülkelerinde Uluslararası Göçün Konut Fiyatları Üzerindeki Etkisi”. Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 10/2 (December 2020), 427-443. https://doi.org/10.18074/ckuiibfd.609568.
JAMA Topcu E. OECD Ülkelerinde Uluslararası Göçün Konut Fiyatları Üzerindeki Etkisi. Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. 2020;10:427–443.
MLA Topcu, Ebru. “OECD Ülkelerinde Uluslararası Göçün Konut Fiyatları Üzerindeki Etkisi”. Çankırı Karatekin Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, vol. 10, no. 2, 2020, pp. 427-43, doi:10.18074/ckuiibfd.609568.
Vancouver Topcu E. OECD Ülkelerinde Uluslararası Göçün Konut Fiyatları Üzerindeki Etkisi. Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. 2020;10(2):427-43.

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