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

被引：47
|
作者：
Fereidouni, Hassan Gholipour [1 ]
Al-mulali, Usama [2 ]
机构：
[1] Univ Sains Malaysia, Sch Management, George Town, Malaysia
[2] Univ Sains Malaysia, Econ Programe, George Town, Malaysia
来源：
CURRENT ISSUES IN TOURISM | 2014年 / 17卷 / 02期
关键词：
panel cointegration; FDI in real estate; tourism flows; OECD countries;
D O I：
10.1080/13683500.2012.733359
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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 long- and 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.
引用
收藏
页码：105 / 113
页数：9
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