Relationship between Economic Indicators and Volume of Mortgage Loans in Turkey

Hepsen, Ali; Katipoglu, Bilge Nur

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Relationship between Economic Indicators and Volume of Mortgage Loans in Turkey

China-USA Business Review, Vol. 9, No. 10, pp. 30-36, October 2010

7 Pages Posted: 6 Feb 2012

See all articles by Ali Hepsen

Ali Hepsen

Istanbul University - Faculty of Business Administration, Department of Finance

Bilge Nur Katipoglu

Okan University

Date Written: July 1, 2010

Abstract

The primary purpose of this research is to identify the relationship between economic indicators and volume of mortgage loans in Turkish housing market. The economic indicators, which are used in the study, are mortgage loan rates, 12-month interest rate of Treasury bill, consumer price index, consumer confidence index, gross domestic product and monetary aggregate (M2) for the period January 2002 through December 2009.

Keywords: Mortgage Loans, Economic Indicators, Granger Causality Tests, Turkish Housing Finance Market

JEL Classification: R10, R20, R30

Suggested Citation: Suggested Citation

Hepsen, Ali and Katipoglu, Bilge Nur, Relationship between Economic Indicators and Volume of Mortgage Loans in Turkey (July 1, 2010). China-USA Business Review, Vol. 9, No. 10, pp. 30-36, October 2010, Available at SSRN: https://ssrn.com/abstract=1999350