TY - JOUR
T1 - The effect of tourism agglomeration on foreign real estate investment
T2 - Evidence from selected OECD countries
AU - Fereidouni, Hassan Gholipour
AU - Masron, Tajul Ariffin
PY - 2011
Y1 - 2011
N2 - 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.
AB - 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.
KW - Foreign real estate investment
KW - Infrastructure
KW - OECD
KW - Panel data
KW - Tourism agglomeration
UR - http://www.scopus.com/inward/record.url?scp=84865656852&partnerID=8YFLogxK
U2 - 10.3846/1648715X.2011.613241
DO - 10.3846/1648715X.2011.613241
M3 - Article
AN - SCOPUS:84865656852
SN - 1648-715X
VL - 15
SP - 222
EP - 230
JO - International Journal of Strategic Property Management
JF - International Journal of Strategic Property Management
IS - 3
ER -
