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dc.contributor.authorAlola, Andrew Adewale
dc.contributor.authorUzuner, Gizem
dc.date.accessioned2020-05-17T23:15:50Z
dc.date.available2020-05-17T23:15:50Z
dc.date.issued2020en_US
dc.identifier.issn1076-9307
dc.identifier.issn1099-1158
dc.identifier.urihttps://hdl.handle.net/11363/2145
dc.descriptionDocument Information Language:English Accession Number: WOS:000491908800001en_US
dc.description.abstractAgricultural land is a main component of the environment and ecological system. Therefore, this study employs the panel cointegration approach to investigate the dynamic relationship between the housing market vis-a-vis housing price (hp) and agricultural land (land) of a panel of 15 countries (countries with the gross domestic product-weighted average of the national Economic Policy Uncertainty index) over the period 1997-2015. Additionally, Granger causality approach of Dumitrescu-Hurlin is employed for the investigation. The model adjusts to the long-run equilibrium with an annual speed of 11% from any situation of disequilibrium and with elasticities of -3.97 and -0.67, respectively, for a land and Global Economic Policy Uncertainty (gepu). Meanwhile, the impact during a short run of gepu is statistically significant and positive on hp, whereas it is not significant for land. Interestingly, the investigation reveals Granger causality from agricultural land to the housing price with feedback. The research presents an indication that policymaker(s) and urbanization stakeholders should be more concern about effective and sustainable long-term policies. Future anomalies of food scarcity and skyrocketing house prices associated with agricultural land-house price trade-off challenges could potentially be mitigated by such effective policy frameworks.en_US
dc.language.isoengen_US
dc.publisherWILEY, 111 RIVER ST, HOBOKEN 07030-5774, NJ USAen_US
dc.relation.isversionof10.1002/ijfe.1751en_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 United States*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/us/*
dc.subjectagricultural landen_US
dc.subjectglobal economic policy uncertaintyen_US
dc.subjecthousing pricesen_US
dc.subjectMACROECONOMY EVIDENCEen_US
dc.subjectUNIT ROOTSen_US
dc.subjectPRICESen_US
dc.subjectVALUESen_US
dc.subjectUnited Statesen_US
dc.subjectUnited States of Americaen_US
dc.subjectEFFICIENCYen_US
dc.subjectOWNERSHIPen_US
dc.subjectCAUSALITYen_US
dc.subjectINSIGHTSen_US
dc.subjectRETURNSen_US
dc.titleThe housing market and agricultural land dynamics: Appraising with Economic Policy Uncertainty Indexen_US
dc.typearticleen_US
dc.relation.journalINTERNATIONAL JOURNAL OF FINANCE & ECONOMICSen_US
dc.contributor.departmentİktisadi İdari ve Sosyal Bilimler Fakültesien_US
dc.identifier.volume25en_US
dc.identifier.issue2en_US
dc.identifier.startpage274en_US
dc.identifier.endpage285en_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US


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