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

Hassan Gholipour Fereidouni and Usama Al-mulali

Current Issues in Tourism, 2014, vol. 17, issue 2, 105-113

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.

Date: 2014
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DOI: 10.1080/13683500.2012.733359

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