WoS İndeksli Yayınlar Koleksiyonu

Permanent URI for this collectionhttps://hdl.handle.net/20.500.14627/6

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Author: search.filters.author.Das, Zuhal Ozbay

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  • Article
    Inequality and the Import Demand in Turkey
    (Istanbul Univ, 2021) Ozbay Das, Zuhal; Das, Zuhal Ozbay
    The study aims to see whether the long-run relation between inequality and import demand exists in Turkey. The Autoregressive Distributed Lag (ARDL) cointegration technique is used in this study to estimate the long-run relationships between real imports, income, relative price, real exports, and inequality for the period 1982-2015. The results revealed that the income elasticity of imports is greater than one as the literature suggests. The sign of the coefficient of relative price and its magnitude is also compatible with the literature, while it is not statistically significant. However, the results further reflect that inequality is positively associated with real imports in Turkey contrary to assumptions of the relation between inequality and imports that is found to be negative for lower income countries in some studies. Short-run coefficients reflect that real income and relative prices are associated with real imports, whereas exports and not surprisingly, inequality variables are not in the short-run. The coefficient of income parameter is less in magnitude in the short-run but still greater than one. However, the sign of the coefficient of the relative price turns out to be positive in the short-run.
  • Article
    Citation - WoS: 3
    Citation - Scopus: 5
    An Empirical Analysis of Gentrification in Istanbul
    (Wiley, 2021) Das, Zuhal Ozbay; Ozsahin, Gulsah; Özbay Daş, Zühal
    This paper begins by investigating the occurrence of gentrification in Istanbul during the period of 2008 and 2017, through the application of dynamic system/difference generalized method of moments estimation techniques. Our findings reveal that gentrification seems to have taken hold with the processes of urban regeneration that began in 2012. Additional associations between such parameters as housing price/rent growth, demographic changes, enterprise growth, and political administration (that is, whether the district is overseen by the opposition party or not) are tested through the use of REIDIN sales and rent indices, along with Turkish Statistical Institute data sets for 25 districts in Istanbul and 19 city-centre districts. The results demonstrate that gentrification is closely related to demographics/age and political administration. Overall, while house price/rent growth and enterprise growth are not observed to have an impact on gentrification, the findings of this study reveal that the association between housing prices and gentrification is positive only in those districts governed by the opposition party. The study thus raises questions about the relationship between political attitudes and gentrification in Turkey.