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

Authors : Elif ALKAY, Craig WATKİNS, Gökhan ÖVENÇ

Pages : 1-22

Doi:10.14780/muiibd.582300

View : 31 | Download : 11

Publication Date : 2019-07-12

Article Type : Research Paper

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 insert ignore into journalissuearticles values(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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