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 language | English |
---|---|
Pages (from-to) | 105-113 |
Number of pages | 9 |
Journal | Current Issues in Tourism |
Volume | 17 |
Issue number | 2 |
DOIs | |
Publication status | Published - 2014 |
Keywords
- OECD countries
- economic development
- investments, foreign
- real property
- tourism