Sari, Ramazan; Ewing, Bradley T.; Aydin, Bahadir - In: Emerging Markets Finance and Trade 43 (2007) 5, pp. 5-19
This paper investigates the relation between housing starts and macroeconomic variables in Turkey from 1961 to 2000. The generalized variance decomposition approach is used to examine relations between housing market activity and prices, interest rates, output, money stock, and employment. In...