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.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.