Are Housing and Ship Demolition Markets Integrated? Evidence From Turkey

Kamil Özden EFES

doi:https://doi.org/10.29329/actanatsci.2021.350.02

Original article | Acta Natura et Scientia 2021, Vol. 2(2) 94-100

Are Housing and Ship Demolition Markets Integrated? Evidence From Turkey

Kamil Özden EFES

pp. 94 - 100 | DOI: https://doi.org/10.29329/actanatsci.2021.350.02 | Manu. Number: MANU-2107-02-0001.R1

Published online: August 13, 2021 | Number of Views: 66 | Number of Download: 658

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Abstract

The purpose of this study is to investigate the impact of the demand for new houses to ship demolition prices in Turkey through new house sales statistics and Turkish ship demolition prices. In this direction, asymmetric causality test is used which allows to separate the shocks contained in the variables and to determine the causal relationships between these shocks. According to test results, causality relations are determined from positive shocks in house sales to positive shocks in demolition price and from negative shocks in house sales to negative shocks in demolition price. On the other hand, any significant causality from demolition prices to new house sales cannot be determined. This situation shows that changes in the new house sales are determinative for ship demolition prices in Turkey.

Keywords: Maritime economics, Demolition prices, Asymmetric causality test

How to Cite this Article?

APA 6th edition
EFES, K.O. (2021). Are Housing and Ship Demolition Markets Integrated? Evidence From Turkey . Acta Natura et Scientia, 2(2), 94-100. doi: 10.29329/actanatsci.2021.350.02

Harvard
EFES, K. (2021). Are Housing and Ship Demolition Markets Integrated? Evidence From Turkey . Acta Natura et Scientia, 2(2), pp. 94-100.

Chicago 16th edition
EFES, Kamil Ozden (2021). "Are Housing and Ship Demolition Markets Integrated? Evidence From Turkey ". Acta Natura et Scientia 2 (2):94-100. doi:10.29329/actanatsci.2021.350.02.

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