Ganioğlu, Aytül; Seven, Ünal - In: Central Bank Review (CBR) 21 (2021) 1, pp. 17-24
This paper analyzes the long-run convergence of regional house prices in a major developing country, Turkey. Using a non-linear time-varying factor model and quarterly hedonic house price data from 2010 to 2018, we find that house prices do not converge across 26 regions of Turkey. Results...