The effect of tourism agglomeration on foreign real estate investment: evidence from selected OECD countries

DOI: https://doi.org/10.3846/1648715X.2011.613241

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.

First Publish Online: 5 Oct 2011

Keywords:

Tourism agglomeration, Foreign real estate investment, Infrastructure, Panel data, OECD

How to Cite

Fereidouni, H. G., & Masron, T. A. (2011). The effect of tourism agglomeration on foreign real estate investment: evidence from selected OECD countries. International Journal of Strategic Property Management, 15(3), 222-230. https://doi.org/10.3846/1648715X.2011.613241

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October 5, 2011
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Copyright (c) 2011 The Author(s). Published by Vilnius Gediminas Technical University.

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Published

2011-10-05

Issue

Vol 15 No 3 (2011)

Section

Articles

Copyright

Copyright (c) 2011 The Author(s). Published by Vilnius Gediminas Technical University.

License

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite

Fereidouni, H. G., & Masron, T. A. (2011). The effect of tourism agglomeration on foreign real estate investment: evidence from selected OECD countries. International Journal of Strategic Property Management, 15(3), 222-230. https://doi.org/10.3846/1648715X.2011.613241

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