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Studies on Balkan and Near Eastern Social Sciences

Edited By Rasim Yilmaz and Günther Löschnigg

This volume is a collection of empirical and theoretical research papers in the social sciences regarding the Balkans and the Near East written by researchers from several different universities and institutions. The studies include a wide range of topics from economic, financial, political, agricultural, sociological, international relations to historical, cultural, and feminist issues in the region of the Balkan and Near East. The book is aimed at educators, researchers, and students interested in the Balkan and Near Eastern countries.

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Public Expenditures and Housing Prices in Turkey: A Spatial Econometric Analysis (Tugrul Cinar / Ersin Nail Sagdic / Guner Tuncer)

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Tugrul Cinar1, Ersin Nail Sagdic2 and Guner Tuncer3

Public Expenditures and Housing Prices in Turkey: A Spatial Econometric Analysis

Introduction

After the 2008 global crisis, economic growth in Turkey has increased approximately by 5.2% on average between 2010 and 2015. It can be said that the public investments have an important influence on this growth performance. As a developing country, Turkey’s public investment program substantially concentrates on main infrastructure sectors such as transport, energy, and telecommunications. Public investments may also be an important tool to promote competitiveness, regional development, and economic growth. Additionally, it remains an important vehicle in providing core infrastructure and is often a precondition for private investment in Turkey (World Bank, 2014).

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