Akseki, Utku; Çatık, Abdurrahman Nazif; Gök, Barış - In: Economics Bulletin 34 (2014) 2, pp. 1081-1090
This paper investigates the impact of macroeconomic variables on the housing market activity in Turkey covering the period from January 1992 to December 2012. To this aim regime-dependent impulse response and forecast error decomposition analysis are conducted based on a two-regime MS-VAR model....