ECONOMIC INDICATORS AND HOUSING DEVELOPMENT: REGIONAL BASED EXPLORATORY ANALYSIS IN TURKEY

Elif Alkay; Craig Watkins; Gökhan Övenç

doi:10.14780/muiibd.582300

ECONOMIC INDICATORS AND HOUSING DEVELOPMENT: REGIONAL BASED EXPLORATORY ANALYSIS IN TURKEY

Abstract

The relationship between economic growth and housing construction sector activity has been under scrutiny internationally for more than five decades. This study seeks to add to this literature by exploring the economic drivers of housing construction activity in Turkey. The case study is important for three reasons: first, this analysis is one of the rare studies to have been undertaken in an emerging market context; second, as in many global markets, there is considerable spatial variation in activity across the country and, in a manner that is replicable for European markets, we have addressed this phenomena by combining insights generated by undertaking analysis at different spatial scales (NUTS levels); third, we offer a strategy that might be replicated elsewhere for measuring construction activity in the absence of housing starts and completion data. The results of our analysis suggest that rather than being a function of uneven economic growth, much of the variation in construction activity might actually be a consequence of land use regulation, proactive planning and other public policy interventions at local and national level.

Keywords

Housing construction activity,residential building permits,economic indicators,Turkey

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Details

Primary Language

English

Subjects

-

Journal Section

Research Article

Authors

Elif Alkay ^*
0000-0001-6030-9219
Türkiye

Craig Watkins This is me
0000-0002-1249-9473

Gökhan Övenç
0000-0003-4632-9760

Publication Date

July 12, 2019

Submission Date

February 1, 2019

Acceptance Date

-

Published in Issue

Year 2019 Volume: 41 Number: 1

DOI

https://doi.org/10.14780/muiibd.582300

IZ

https://izlik.org/JA95SM82LU

Cite

RIS / Bibtex

APA

Alkay, E., Watkins, C., & Övenç, G. (2019). ECONOMIC INDICATORS AND HOUSING DEVELOPMENT: REGIONAL BASED EXPLORATORY ANALYSIS IN TURKEY. Marmara Üniversitesi İktisadi Ve İdari Bilimler Dergisi, 41(1), 1-22. https://doi.org/10.14780/muiibd.582300

AMA

1.Alkay E, Watkins C, Övenç G. ECONOMIC INDICATORS AND HOUSING DEVELOPMENT: REGIONAL BASED EXPLORATORY ANALYSIS IN TURKEY. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi. 2019;41(1):1-22. doi:10.14780/muiibd.582300

Chicago

Alkay, Elif, Craig Watkins, and Gökhan Övenç. 2019. “ECONOMIC INDICATORS AND HOUSING DEVELOPMENT: REGIONAL BASED EXPLORATORY ANALYSIS IN TURKEY”. Marmara Üniversitesi İktisadi Ve İdari Bilimler Dergisi 41 (1): 1-22. https://doi.org/10.14780/muiibd.582300.

EndNote

Alkay E, Watkins C, Övenç G (July 1, 2019) ECONOMIC INDICATORS AND HOUSING DEVELOPMENT: REGIONAL BASED EXPLORATORY ANALYSIS IN TURKEY. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi 41 1 1–22.

IEEE

[1]E. Alkay, C. Watkins, and G. Övenç, “ECONOMIC INDICATORS AND HOUSING DEVELOPMENT: REGIONAL BASED EXPLORATORY ANALYSIS IN TURKEY”, Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi, vol. 41, no. 1, pp. 1–22, July 2019, doi: 10.14780/muiibd.582300.

ISNAD

Alkay, Elif - Watkins, Craig - Övenç, Gökhan. “ECONOMIC INDICATORS AND HOUSING DEVELOPMENT: REGIONAL BASED EXPLORATORY ANALYSIS IN TURKEY”. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi 41/1 (July 1, 2019): 1-22. https://doi.org/10.14780/muiibd.582300.

JAMA

1.Alkay E, Watkins C, Övenç G. ECONOMIC INDICATORS AND HOUSING DEVELOPMENT: REGIONAL BASED EXPLORATORY ANALYSIS IN TURKEY. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi. 2019;41:1–22.

MLA

Alkay, Elif, et al. “ECONOMIC INDICATORS AND HOUSING DEVELOPMENT: REGIONAL BASED EXPLORATORY ANALYSIS IN TURKEY”. Marmara Üniversitesi İktisadi Ve İdari Bilimler Dergisi, vol. 41, no. 1, July 2019, pp. 1-22, doi:10.14780/muiibd.582300.

Vancouver

1.Elif Alkay, Craig Watkins, Gökhan Övenç. ECONOMIC INDICATORS AND HOUSING DEVELOPMENT: REGIONAL BASED EXPLORATORY ANALYSIS IN TURKEY. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi. 2019 Jul. 1;41(1):1-22. doi:10.14780/muiibd.582300

Cited By

The Impact of Public Housing Investments on the Economic Development of Provinces: The Case of Turkey (TOKI)

Journal of Urban Planning and Development

https://doi.org/10.1061/JUPDDM.UPENG-4622