COVID-19大流行对住宅房地产价格的影响:土耳其案例

IF 3.2 Q1 BUSINESS, FINANCE

Quantitative Finance and Economics Pub Date : 2021-01-01 DOI:10.3934/qfe.2021028

Selahattin Kaynak, Aykut Ekinci, Havvanur Feyza Kaya

{"title":"COVID-19大流行对住宅房地产价格的影响:土耳其案例","authors":"Selahattin Kaynak, Aykut Ekinci, Havvanur Feyza Kaya","doi":"10.3934/qfe.2021028","DOIUrl":null,"url":null,"abstract":"This study investigates the effect of the COVID-19 pandemic on the residential real estate prices in Turkey. This study indicates the effect of COVID-19, loan package, macroeconomic and behavioral control variables on abnormal returns of residential real estate prices during the event window. This study consists of three econometric steps. Firstly, the abnormal returns of the residential real estate prices are obtained by using an event study. Secondly, the effect of the COVID-19 pandemic on abnormal returns of residential real estate prices was estimated by panel data analysis for regional and city levels. According to the findings of the city level, the COVID-19 pandemic has a negative effect on abnormal returns of residential prices, as expected. However, the regional analysis shows mainly a positive COVID-19 effect.","PeriodicalId":45226,"journal":{"name":"Quantitative Finance and Economics","volume":"1 1","pages":""},"PeriodicalIF":3.2000,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"11","resultStr":"{\"title\":\"The effect of COVID-19 pandemic on residential real estate prices: Turkish case\",\"authors\":\"Selahattin Kaynak, Aykut Ekinci, Havvanur Feyza Kaya\",\"doi\":\"10.3934/qfe.2021028\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"This study investigates the effect of the COVID-19 pandemic on the residential real estate prices in Turkey. This study indicates the effect of COVID-19, loan package, macroeconomic and behavioral control variables on abnormal returns of residential real estate prices during the event window. This study consists of three econometric steps. Firstly, the abnormal returns of the residential real estate prices are obtained by using an event study. Secondly, the effect of the COVID-19 pandemic on abnormal returns of residential real estate prices was estimated by panel data analysis for regional and city levels. According to the findings of the city level, the COVID-19 pandemic has a negative effect on abnormal returns of residential prices, as expected. However, the regional analysis shows mainly a positive COVID-19 effect.\",\"PeriodicalId\":45226,\"journal\":{\"name\":\"Quantitative Finance and Economics\",\"volume\":\"1 1\",\"pages\":\"\"},\"PeriodicalIF\":3.2000,\"publicationDate\":\"2021-01-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"11\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Quantitative Finance and Economics\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.3934/qfe.2021028\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Quantitative Finance and Economics","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.3934/qfe.2021028","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}

引用次数: 11

摘要

本研究调查了2019冠状病毒病大流行对土耳其住宅房地产价格的影响。本文研究了疫情、贷款包、宏观经济和行为控制变量对事件窗口期间住宅房地产价格异常收益的影响。本研究包括三个计量步骤。首先，运用事件研究方法，得到了我国住宅房地产价格的异常收益。其次，通过区域和城市层面的面板数据分析，估计新冠肺炎疫情对住宅房地产价格异常收益的影响。从城市层面的研究结果来看，新冠肺炎疫情对住宅价格异常收益的负面影响与预期一致。然而，区域分析显示，COVID-19的影响主要是积极的。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

查看原文本刊更多论文

The effect of COVID-19 pandemic on residential real estate prices: Turkish case

This study investigates the effect of the COVID-19 pandemic on the residential real estate prices in Turkey. This study indicates the effect of COVID-19, loan package, macroeconomic and behavioral control variables on abnormal returns of residential real estate prices during the event window. This study consists of three econometric steps. Firstly, the abnormal returns of the residential real estate prices are obtained by using an event study. Secondly, the effect of the COVID-19 pandemic on abnormal returns of residential real estate prices was estimated by panel data analysis for regional and city levels. According to the findings of the city level, the COVID-19 pandemic has a negative effect on abnormal returns of residential prices, as expected. However, the regional analysis shows mainly a positive COVID-19 effect.

求助全文

通过发布文献求助，成功后即可免费获取论文全文。去求助

来源期刊

Quantitative Finance and Economics BUSINESS, FINANCE-

CiteScore

0.30

自引率

1.90%

发文量

审稿时长

12 weeks