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.
Fereidouni, H. G., & Masron, T. A. (2011). The effect of tourism agglomeration on foreign real estate investment: evidence from selected OECD countries. International Journal of Strategic Property Management, 15(3), 222-230. https://doi.org/10.3846/1648715X.2011.613241
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