The Effect of Tourism Agglomeration on Foreign Real Estate Investment: Evidence from Selected Oecd Countries
The Effect of Tourism Agglomeration on Foreign Real Estate Investment: Evidence from Selected Oecd Countries
Author(s): Hassan Gholipour Fereidouni, Tajul Ariffin MasronSubject(s): Economy
Published by: Vilnius Gediminas Technical University
Keywords: Tourism agglomeration; Foreign real estate investment; Infrastructure; Panel data; OECD;
Summary/Abstract: The purpose of this study is to investigate the effect of tourism agglomeration on foreign real estate investment (FREI). Using a panel of 19 OECD countries over a period of 10 years (1999-2008) and controlling for some relevant factors, econometric analysis indicates that tourism agglomeration is a significant determinant of FREI. The result has some implications for policymakers in order to recover their real estate sectors which were hit in recent financial crisis.
Journal: International Journal of Strategic Property Management
- Issue Year: 15/2011
- Issue No: 3
- Page Range: 222-230
- Page Count: 9
- Language: English