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

  • Universiti Sains Malaysia

Research output: Contribution to journalArticlepeer-review

21 Citations (Scopus)

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 languageEnglish
Pages (from-to)222-230
Number of pages9
JournalInternational Journal of Strategic Property Management
Volume15
Issue number3
DOIs
Publication statusPublished - Oct 2011
Externally publishedYes

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

  1. SDG 9 - Industry, Innovation, and Infrastructure
    SDG 9 Industry, Innovation, and Infrastructure
  2. SDG 10 - Reduced Inequalities
    SDG 10 Reduced Inequalities
  3. SDG 12 - Responsible Consumption and Production
    SDG 12 Responsible Consumption and Production

Keywords

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

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