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The aim of this paper is to find out whether there is exuberance in regional house prices in Turkey. For this purpose, we analyze real hedonic house prices and price to rent ratios countrywide as well as for 26 geographic regions at the NUTS2 level from January 2010 to January 2019. We perform...
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-stationarity and cointegration in both the time and spatial dimensions. This paper develops Granger representation theorems for spatial …
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