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- MakaleYalnız künye2018The Impact of Special Consumption Tax Increases on Personal Automobile Demand of Households: Panel Co-Integration Analysis
Önder, Kubra; Sahin, Muhammet
The automobile industry is one of the leading industries for economic growth and development of countries in terms of value added and export value. Consumer demand for automobiles exhibits a continuous fluctuation depending on the SCT (Special Consumption Tax) policy. The aim of this study is to analyze the impact of the change in SCT rates on automobile demand using panel co-integration method for Fiat, Ford, Toyota, Renault, Honda and Hyundai brands which have factories in Turkey. In the study, monthly time series data of January 2014 and February 2017 period has been used and increase in SCT rate, auto loan interest rates and petrol prices have a negative impact on personal automobile demand.