The effect of tourism agglomeration on foreign real estate investment: evidence from selected OECD countries
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, OECDHow to Cite
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Copyright (c) 2011 The Author(s). Published by Vilnius Gediminas Technical University.
This work is licensed under a Creative Commons Attribution 4.0 International License.
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Copyright (c) 2011 The Author(s). Published by Vilnius Gediminas Technical University.
License
This work is licensed under a Creative Commons Attribution 4.0 International License.