The Effect of Interest and Rent Income of the Foundations of Ottoman Istanbul Eyüp Region on Cash Capitals: Panel Data Analysis (1769-1773)

Baha Mücahid Şahi̇n ()
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Baha Mücahid Şahi̇n: İstanbul Üniversitesi, Sosyal Bilimler Enstitüsü, İktisat, Doktora Öğrencisi, İstanbul, Türkiye

Istanbul Journal of Economics-Istanbul Iktisat Dergisi, 2020, vol. 70, issue 1, 183-203

Abstract: Waqfs that generate income by operating cash or by operating cash and renting real estate are called cash waqfs in the literature. One of the issues examined in earlier studies on cash waqfs is the size of the cash capital of such waqfs. Earlier studies have also looked into the amount of increase or decrease in these capitals and how these increases or decreases occur. In the literature, waqfs that earn income only by operating cash or by operating cash and renting real estate are called cash waqfs. In this study, the effects of interest and rental income on the cash capital of 12 waqfs in the Eyüp (Havass-ı Refia) district between 1769-1773 were analyzed with panel data. The data required for the analysis were obtained from the waqf accounting book no. 246 registered at the Havass-ı Refia Court. According to the results of the analysis, it was found that interest revenues had a significant effect on the growth of cash capitals but that rental income had no effect on cash capitals.

Keywords: Cash waqfs; Cash capital; Interest income; Rental income; Panel data (search for similar items in EconPapers)
JEL-codes: N13 N23 N93 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ist:journl:v:70:y:2020:i:1:p:183-203

DOI: 10.26650/ISTJECON2020-0009

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