İzmir`de kentsel arsa ve konut pazarı üzerine ekonometrik bir çalışma

Abstract

SUMMARY The main problem handled by this study can be defined as to explain the economic processes determining the type and density of urban land. So, what is tried to be explained is the city, by describing and explaining the basic phenomena talce place in the world of real estate. In this sense, the study object in hand is a given urban area, namely İzmir with its boundaries, size and spatial structure. Two types of data have been collected through the field survey; the ones related to the price system, and to the spatial quantities consumed by households.ii The method followed in this study can be summarized as to reach empirical generalizations about the city by testing urban economic theories, with cross-sectional data. Therefore, econometrics has been used as a scientific tool. This study of housing and residential location is divided into three parts. In the first part, the basic theories related to the urban land and urban housing are discussed. So, it is aimed to determine the theoretical framework. Classical rent theory, urban housing models and supply oriented analyses are revealed, respectively, in this framework. In the second part, empirical findings are given. It is proved that the population density, elasticity of substitution in housing production, land and housing prices, and capital-land ratio are the decreasing functions of distance to CBD, in İzmir. On the other hand, because of increasing population density in the inner area, it can be said that Izmir has been mor© centralized during the last fifteen year period. This conclusion is reached by estimating density gradients of the urban area.İÜ In the third part, conclusions of the analysis take place. The most important one is that the major part of the urban area can be explained, even partially;, by this type of econometric approach. In addition, production function of apartment housing has been very effective in explaining urban spatial structure. But, there are very important limits of thsse type of static equilibrium models, if there is a dynamic disequilibrium. So, it can be said that the other macro variables have to be included our models of urban areas.