English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Tools annual

Global: Zendy Free Plan

Global: Zendy Tools monthly

Global: Zendy Plus monthly

Cyprus Island has been divided into two parts since 1974. In April 2003 crossing the Green Line across the borders became possible and both parts of the Island benefited from this; firstly due to resulted domestic tourism in both sides and secondly from new employment opportunities mainly for Turkish Cypriots in South. Besides that, positive expectations over the Cyprus problem accelerated the expenditures in both sides. In the North, demand for land and new dwellings increased, pushing prices upward. Demand for land and a new property by foreigners is busted in recent years. The UK, Israel, Russia and some other countries started to buy land in the North Cyprus by securing resources to their businessmen especially in the areas of Komi Kepir, Kalogrea, Akanthou, Karpass, Risokarpaso, Yialousa and Livera. Such increase in demand by foreigners decreased the supply of land to domestic use. This has many implications on North Cyprus economy which is very small with limited resources in production. In this study, 4factor, 13-industry a single country general equilibrium model is used to investigate the changes in income, employment, prices, output and inputs required for production resulted from this supply shock. Results show that, under fixed capital and flexible labor market, 10% reduction in land supply increased the value of land by 108.8%, income increased by 2.04 % and prices of skilled labor and capital increased by 1.028% and 1.020% respectively and due to the reduction of land supply, output decreased by 1.53%.

Impact of Decrease in Supply of Land for Domestic use in North Cyprus: Computerized General Equilibrium (CGE) Model Approach