J. Perles-Ribes, Ana Ramón Rodríguez, T. Torregrosa, Martín Sevilla Jiménez
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引用次数: 0
Abstract
This article proposes and theoretically develops the Real Estate Growth Hypothesis concept. It empirically investigates the connection between the expansion of tourism and the progress of real estate in Calp, an established tourist hotspot situated on the Mediterranean coast of Spain. Using annual data for the period 1967-2019 and a time series methodology that considers the possible nonlinearity of the relationship, the article draws conclusions from local and long-term perspectives. The results indicate that tourism causes real estate development, but only in the case of positive shocks. In view of this result, practical implications are outlined, and suggestions are made for managing tourist destinations.
期刊介绍：
The European Journal of Tourism Research is an open access academic journal in the field of tourism, published by Varna University of Management, Bulgaria. Its aim is to provide a platform for discussion of theoretical and empirical problems in tourism. Publications from all fields, connected with tourism such as tourism management, tourism marketing, tourism sociology, psychology in tourism, tourism geography, political sciences in tourism, mathematics, tourism statistics, tourism anthropology, culture and tourism, heritage and tourism, national identity and tourism, information technologies in tourism and others are invited.
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