The interaction between tourism and FDI in real estate in OECD countries

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59 Citations (Scopus)

Abstract

The purpose of this article is to investigate the empirical link between foreign direct investment (FDI) in real estate sector (FDIRE) and international tourism (TOUR). Panel co-integration and panel Granger causality techniques are applied to analyse both longand short-run relationships for the case study of selected OECD countries. Our empirical results show the existence of the long-run and a bi-directional causal relationship between FDIRE and TOUR. The results provide some implications for policy-makers.
Original languageEnglish
Pages (from-to)105-113
Number of pages9
JournalCurrent Issues in Tourism
Volume17
Issue number2
DOIs
Publication statusPublished - 2014

Keywords

  • OECD countries
  • economic development
  • investments, foreign
  • real property
  • tourism

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