The interaction between foreign real estate investment and tourism: The Iranian case in Dubai

Detalhes bibliográficos
Autor(a) principal: Fereidouni, Hassan Gholipour
Data de Publicação: 2010
Outros Autores: Masron, Tajul Ariffin, Malek, Anahita, Ooi, Ai-Yee
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/11328/1160
Resumo: The empirical relationship between the evolution of tourism and foreign real estate investment is established in the literature; however the direction of causality between these two variables is less clear. The purpose of this study is to empirically investigate the pattern of causality between foreign real estate investment and tourism, within the context of Iranian investment in Dubai real estate sector (IIDRE) and Iranian tourism in Dubai. By applying multivariate cointegration approach, the findings indicate that in the long-run the causation runs from tourism to IIDRE. It means that accumulation of Iranian knowledge about attractiveness of Dubai as a holiday destiny is an important factor explaining IIDRE. The results also suggest that there is a bidirectional short-run causal relationship between these variables. The results have some important implications for Iranian and Dubai policymakers.
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spelling The interaction between foreign real estate investment and tourism: The Iranian case in DubaiMultivariate cointegrationTourismReal estateThe empirical relationship between the evolution of tourism and foreign real estate investment is established in the literature; however the direction of causality between these two variables is less clear. The purpose of this study is to empirically investigate the pattern of causality between foreign real estate investment and tourism, within the context of Iranian investment in Dubai real estate sector (IIDRE) and Iranian tourism in Dubai. By applying multivariate cointegration approach, the findings indicate that in the long-run the causation runs from tourism to IIDRE. It means that accumulation of Iranian knowledge about attractiveness of Dubai as a holiday destiny is an important factor explaining IIDRE. The results also suggest that there is a bidirectional short-run causal relationship between these variables. The results have some important implications for Iranian and Dubai policymakers.2015-04-30T17:54:19Z2010-01-01T00:00:00Z2010info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/11328/1160eng1818-4952Fereidouni, Hassan GholipourMasron, Tajul AriffinMalek, AnahitaOoi, Ai-Yeeinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-06-15T02:09:24ZPortal AgregadorONG
dc.title.none.fl_str_mv The interaction between foreign real estate investment and tourism: The Iranian case in Dubai
title The interaction between foreign real estate investment and tourism: The Iranian case in Dubai
spellingShingle The interaction between foreign real estate investment and tourism: The Iranian case in Dubai
Fereidouni, Hassan Gholipour
Multivariate cointegration
Tourism
Real estate
title_short The interaction between foreign real estate investment and tourism: The Iranian case in Dubai
title_full The interaction between foreign real estate investment and tourism: The Iranian case in Dubai
title_fullStr The interaction between foreign real estate investment and tourism: The Iranian case in Dubai
title_full_unstemmed The interaction between foreign real estate investment and tourism: The Iranian case in Dubai
title_sort The interaction between foreign real estate investment and tourism: The Iranian case in Dubai
author Fereidouni, Hassan Gholipour
author_facet Fereidouni, Hassan Gholipour
Masron, Tajul Ariffin
Malek, Anahita
Ooi, Ai-Yee
author_role author
author2 Masron, Tajul Ariffin
Malek, Anahita
Ooi, Ai-Yee
author2_role author
author
author
dc.contributor.author.fl_str_mv Fereidouni, Hassan Gholipour
Masron, Tajul Ariffin
Malek, Anahita
Ooi, Ai-Yee
dc.subject.por.fl_str_mv Multivariate cointegration
Tourism
Real estate
topic Multivariate cointegration
Tourism
Real estate
description The empirical relationship between the evolution of tourism and foreign real estate investment is established in the literature; however the direction of causality between these two variables is less clear. The purpose of this study is to empirically investigate the pattern of causality between foreign real estate investment and tourism, within the context of Iranian investment in Dubai real estate sector (IIDRE) and Iranian tourism in Dubai. By applying multivariate cointegration approach, the findings indicate that in the long-run the causation runs from tourism to IIDRE. It means that accumulation of Iranian knowledge about attractiveness of Dubai as a holiday destiny is an important factor explaining IIDRE. The results also suggest that there is a bidirectional short-run causal relationship between these variables. The results have some important implications for Iranian and Dubai policymakers.
publishDate 2010
dc.date.none.fl_str_mv 2010-01-01T00:00:00Z
2010
2015-04-30T17:54:19Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/11328/1160
url http://hdl.handle.net/11328/1160
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 1818-4952
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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instacron_str RCAAP
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