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.
| Original language | English |
|---|---|
| Pages (from-to) | 222-230 |
| Number of pages | 9 |
| Journal | International Journal of Strategic Property Management |
| Volume | 15 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - Oct 2011 |
| Externally published | Yes |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 9 Industry, Innovation, and Infrastructure
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SDG 10 Reduced Inequalities
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SDG 12 Responsible Consumption and Production
Keywords
- Foreign real estate investment
- Infrastructure
- OECD
- Panel data
- Tourism agglomeration
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