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
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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