Rental price convergence in a developing economy: New evidence from nonlinear panel unit root test
作者： Mehmet Huseyin Bilgin , Chi Keung Marco Lau , Ender Demir , Nijole Astrauskiene , None
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摘要: We examine the hypothesis of nonlinear rental price convergence using relative index three major cities Turkey namely, Istanbul, Izmir, and Ankara span from period January 1994 to February 2010. Our results indicate that all exhibit towards its national mean level for December 2004. In contrast, none show evidence 2005 The clearly shows divergence in Turkish property market.
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