The effect of tourism agglomeration on foreign real estate investment: Evidence from selected OECD countries
- Fereidouni, Hassan Gholipour
- Masron, Tajul Ariffin
Publication date
January 2011
DOI Publisher
Vilniaus Gedimino Technikos Universitetas. Leidykla Technika ISSN
1648-715XAbstract
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
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