Master Degree / Yüksek Lisans Tezleri
Permanent URI for this collectionhttps://hdl.handle.net/11147/3008
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Master Thesis House Price Dynamics in Izmir's Neighborhoods: a Comprehensive Approach(01. Izmir Institute of Technology, 2021) Sayın, Zeynep Melike; Elburz, Zeynep; Duran, Hasan EnginThe determinants of housing prices have a large place in empirical studies in the literature on housing markets. In the hedonic price modeling studies, structural and location-specific characteristics are considered as determinants under a cross-sectional study framework. Under another category, an approach is applied in which the effects of macroeconomic variables on housing prices are examined. The aim of this study is to examine the housing prices with a dynamic panel data set in Izmir through macroeconomic, neighborhood-specific and housing structural variables, to expand the scope of the related literature and to determine the effect level of these variables. Since spatial autocorrelation has been determined, the study has been extended within the scope of spatial models. The study area consists of 212 neighborhoods located in different districts of Izmir. The average housing sales data of these neighborhoods for 30 months in the 05.2017-10.2019 period were examined with 4 macroeconomic, 11 neighborhood-specific, and 9 housing structural characteristic variables, with descriptive analyses, panel linear regression, spatial autocorrelation tests, spatial panel regression, and geographically weighted regression (GWR). The results of the variables in the macroeconomic and the housing structural characteristics categories are consistent with the expectations formed as a result of the empirical literature review. The results of the neighborhood-specific variables raise new research questions. As a result of the spatial methods, a high level of spatial dependence and positive spatial spillover effects were determined. This study proves the validity of the use of spatial models in housing price research in Izmir..Master Thesis Spatial Effects of Trade Openness: Regional Inequality, Trade Openness and Liberal Trade Policies in Turkey(Izmir Institute of Technology, 2015) Erdem, Umut; Duran, Hasan EnginAim of the present thesis is to investigate impact trade liberalization on the evolution of regional income inequalities in Turkey between 1975 and 2011. Despite the large body of literature on this subject, there exist several directions which need to be furthert explored . i. so far in the literatur, the concept of trade openness is too broadly defined, However, it is not only 'trade' per se that can affect the regional economies but the composition of trade is also of great importance (Rodriquez-Pose and Gill, 2006). Indeed, it can be partitioned into several components, such as exports and imports (or manufacturing and agricultural trade) We analyze separately the impact of each component on the evolution of regional inequalities. ii. in most of the empirical studies dealing with this issue, neighboring regions are assumed to have no spatial economic interconnection between each other. We, therefore, incorporate spatial spillovers of trade and growth into our analysis.Our results can be summarized in three groups: First, regional inequalities tend to decline over the period of analysis. Second, initially poorer regions that experience an export-based liberalization (particularly in manufacturing goods, not in agricultural goods) trnd to grow faster than richer ones. Imports, on the other hand, heve an opposite effect. Third, the spatial spillovers of growth are found to evident across regions. Such that, growth in a region spilled over to the neighboring ones, positively.