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

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  • Hassan Gholipour Fereidouni
  • Usama Al-mulali

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 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.

Suggested Citation

  • Hassan Gholipour Fereidouni & Usama Al-mulali, 2014. "The interaction between tourism and FDI in real estate in OECD countries," Current Issues in Tourism, Taylor & Francis Journals, vol. 17(2), pages 105-113, February.
    • Handle: RePEc:taf:rcitxx:v:17:y:2014:i:2:p:105-113
    DOI: 10.1080/13683500.2012.733359
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    Cited by:

    1. Joey Pek U Sou & Thea Vinnicombe, 2023. "Does governance quality matter for FDI-led tourism development? A supply-side perspective," Tourism Economics, , vol. 29(2), pages 392-408, March.
    2. Canh Phuc Nguyen & Binh Quang Nguyen & Duyen Thuy Le Tran, 2023. "Over two decades of severe deforestation: an economic perspective of tourism development," Journal of Environmental Studies and Sciences, Springer;Association of Environmental Studies and Sciences, vol. 13(1), pages 83-104, March.

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